Federal Construction Contract Award By Mean Bid

Abstract

The intent of this research is to document the feasibility of awarding federal construction contracts based on mean bid as an alternative to low bid. In this case, mean bid award is derived by summing the values of all bids received for an advertised federal construction contract and determining the average value. This value is the benchmark by which all bids are compared--the contractor who bids closest to this benchmark is awarded the contract. Using data from 55 Navy construction contracts collected from two Navy Engineering Field Divisions and one Navy Resident Officer in Charge of Construction Office, a comparison of final contract price to the average of all bids received will be made. The premise for comparison is that mean bid award would ensure that a 'sincere' bidder receives the contract, thus reducing the number of costly changes and improving project quality.

Open PDF

Document Details

Document Type
Technical Report
Publication Date
Aug 01, 1992
Accession Number
ADA255637

Entities

People

  • George Edwyn Taylor Ii

Organizations

  • University of Texas at Austin

Tags

Communities of Interest

  • Materials and Manufacturing Processes

DTIC Thesaurus Topics

  • Civil Engineering
  • Commerce
  • Congress
  • Contract Administration
  • Contractors
  • Contracts
  • Department Of Defense
  • Engineering
  • Geographic Regions
  • Governments
  • Law
  • Maintenance
  • National Governments
  • Plastic Explosives
  • Procurement
  • Total Quality Management
  • United States

Readers

  • Government Contracting/Procurement.