Critical Factors Influencing Bid Mark-up Decision in Public Street Project – A Review
Huzairi Zainul Azlan,
Shamsida Saidan Khaderi,
Anis Sazira Bakri
Abstract:Deciding a bid price with an appropriate mark-up added to the estimated project cost is essential for the contractors' business survival. However, the competitive environment had influenced contractors to offer the lowest bid price, leading to the submission of unrealistically low prices to win bids. This practice can impact disputes and adversarial relationships between parties during construction and provide an additional risk to the project delay, cost overrun,… Show more
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