The purpose of this paper is to compare three versions of bivariant algebraic cobordism: the bivariant algebraic cobordism, the universal precobordism, and the operational algebraic cobordism. We show that there is a very close relationship between universal precobordism and bivariant algebraic cobordism, and that, over a base field of characteristic 0, the former can be used to give a new presentation of the algebraic bordism groups of Levine-Morel, which simplifies slightly the presentation achieved by Lowrey-Schürg. We also strengthen a result of Vezzosi on operational derived K-theory. In the appendix, we fill the gaps in Lowrey-Schürg's construction of virtual pullbacks in algebraic bordism.