A New Way to Determine Engineering Cost Price in the….pdfVIP

2nd International Conference on Electronic Mechanical Engineering and Information Technology (EMEIT-2012) A New Way to Determine Engineering Cost Price in the Construction Engineering Tendering Shumei Cui Civil Engineering Institution, Yantai University, china cuishumei623@163.com Keywords: Construction Engineering Tendering; the Lowest Bid Method; Bid Evaluation Cost Price; Multiple Attribute Decision Making Theory; Overall values Abstract. The lowest bid method should be used in the bid evaluation of construction engineering, and it is a critical problem that how to calculate the lowest cost price of the bid proposal. In this paper, a new model is proposed, based on multiple attribute decision making theory. According to the tenderer’s preference that indicates their feelings towards difference in strength of technology and management between the bidders, the deviation minimization and maximization decision method are adopted. We establish the optimized decision model. This model has been successfully applied in the formulation of bid proposal of construction engineering in Yantai. Introduction It is formulated by the Bidding Law of the Peoples Republic of China that the comprehensive evaluation method and the lowest bid method. The latter should be used in the bid evaluation of construction engineering which adopted bill of quantities. But the lowest bid price by assessment should not be lower than the cost of the enterprise. Generally speaking, there are some ways to estimate the bid evaluation cost price. The first one, the tenderer calcul