Factors influencing bid/no bid and mark-up size decisions by Thai contractors | |
| Author | Somprathana Tetanun |
| Call Number | AIT Thesis no.CM-04-12 |
| Subject(s) | Contractors--Thailand Letting of contracts--Thailand |
| Note | A thesis submitted in partial fulfillment of the requirements for the degree of Master of Engineering, School of Civil Engineering |
| Publisher | Asian Institute of Technology |
| Series Statement | Thesis ; no. CM-04-12 |
| Abstract | The constrnction market in Thailand is highly competitive. Dealing successfully with various bidding situations is a major reason that makes a contractor to survive in a competitive environment. Therefore, the contractors have to always prepare themselves getting ready in all circumstances. This study mainly used questionnaire and interview to gather related data. The questionnaire was modified from previous studies to suit with economic situation and bidding system in Thailand. 48 factors influencing bid/no bid and mark-up size decisions were groups into five categories, namely, project characteristics, company characteristics, bidding situation, project documentation, and economic environment, after being identified from literature review. The research hypothesis was that 'there is no significant difference in factors influencing bid/no bid and mark-up size decision among different size contractors'. Findings from this study showed that some factors were given much importance in one decision stage only but some other factors were given much importance in both decision stages. A factor such as 'prequalification requirement' significantly affected bid/no-bid decision only. Undoubtedly, factors such as 'degree of hazard' and 'degree of difficulty' significantly affected mark-up size decision. However, factors such as 'risk involved in investment', 'type of job', risk of fluctuation in material price' and anticipated rate of return' significantly affected both decisions. The results from small, medium and large contractors varied significantly depending on their capacities and financial status. Highlighted questions related to bids showed that the popular used contracts were competitive bidding and negotiated contract. The respondents agreed that 'they are somewhat comfortable about the way they make bidding decisions at the moment', although they do not use mathematical models. The severe and unsolvable problem, which is embedded in Thai bidding system for long time, is 'corrnption'. |
| Year | 2004 |
| Corresponding Series Added Entry | Asian Institute of Technology. Thesis ; no. CM-04-12 |
| Type | Thesis |
| School | School of Civil Engineering |
| Department | Department of Civil and Infrastucture Engineering (DCIE) |
| Academic Program/FoS | Construction Engineering and Infrastructure Management (CM) |
| Chairperson(s) | Ogunlana, Stephen Olu; |
| Examination Committee(s) | Hadikusumo, B.H.W.;Pannapa Herabat; |
| Scholarship Donor(s) | Asian Institute of Technology Fellowship; |
| Degree | Thesis (M.Eng.) - Asian Institute of Technology, 2004 |