Bid/no Bid decision making is considerably difficult for the contractor to make a proper decision, because it is always a very complex field. In recent years, it has become a subject to which the contractors pay great attention because the constructio...
Bid/no Bid decision making is considerably difficult for the contractor to make a proper decision, because it is always a very complex field. In recent years, it has become a subject to which the contractors pay great attention because the construction market is being more and more competitive day by day. Moreover, an organization’s capabilities in the management of proposals or bids can have a direct and major impact on its success. In general, Bid/no-Bid decisions are made through a detailed review of the project where the project is reviewed in basis of some pre-selected criteria. The criteria are determined based on organizations past experiences prior to the decision making process. The result of a project review is highly influenced by the proper selection of criteria. Thus, using the same criteria forch all kinds of project is not feasible. For a realistic output, the criteria should be chose under supervision of highly experienced professional and they should reflect the characteristics of the corresponding project.
Unlike other EPC (Engineering, Procurement and Construction) projects, offshore projects have some unique characteristics and they are different from conventional EPC project in various ways especially in engineering & construction phase as well as in bidding phase. Unill now no research has been conducted to derive the criteria for Bid/no-Bid decision making for offshore EPC projects. In this research, unique characteristics of offshore project has been considered and the criteria have been derived using Delphi technique for Bid/no-Bid review in offshore EPC projects. As an illustration, a practical example of evaluating a Bid opportunity of an offshore EPC project is cited, which shows this method can provide the stakeholders a convincing and reliable output for the contractors. This paper will benefit anyone hoping to deal with bidding of offshore EPC projects