Please use this identifier to cite or link to this item: http://hdl.handle.net/10397/13692
Title: Contractors' competition strategies in bidding : Hong Kong study
Authors: Tan, Y
Shen, L
Langston, C
Keywords: Bidding
Cluster analysis
Competition strategy
Effectiveness
Frequency
Issue Date: 2010
Publisher: American Society of Civil Engineers
Source: Journal of construction engineering and management, 2010, v. 136, no. 10, p. 1069-1077 How to cite?
Journal: Journal of construction engineering and management 
Abstract: Selecting an appropriate competition strategy in bidding is the ambition of most contractors. The multiple requirements of clients encourage contractors to consider other strategies to deliver additional benefits besides offering a low-price bid. Offering low bids will reduce contractors' profits and potentially make development less attractive. Contractors need to understand their specific resources that generate competitive advantage and accordingly develop strategies to win contracts. This paper reports the findings from a recent survey on competition strategies in the Hong Kong construction industry. Thirteen typical bidding strategies, their used frequency in bidding, and their effectiveness for winning contracts of different types and between different groups of contractors are studied. The analysis of findings is explored to provide local contractors and clients with new insights into competition strategies in bidding.
URI: http://hdl.handle.net/10397/13692
ISSN: 0733-9364
EISSN: 1943-7862
DOI: 10.1061/(ASCE)CO.1943-7862.0000219
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