How Does Construction Bidding Work? And Its Selection Methods - LCETED - LCETED Institute for Civil Engineers

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May 31, 2020

How Does Construction Bidding Work? And Its Selection Methods



HOW DOES CONSTRUCTION BIDDING WORK?

Construction bidding is the process of submitting a proposal to undertake or manage a construction project. The process begins by estimating costs from layouts and departures. Auction (bidding) is considered an opportunity to trade or a certain amount of profit in exchange for a certain amount.

TYPES OF BIDS

Bidding Work
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METHODS USED FOR SELECTING BIDS

The following methods are used for selecting bids,

LOW-BID SELECTION
BEST-VALUE SELECTION
QUALIFICATIONS BASED SELECTION


Bidding Work

Bidding Work

Bidding Work



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1 comment:

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