A Study on the Nature of Construction Industry and the Heterogeneity of the Built Facilities

Autor: Ming-Hui Chou, 周明慧
Rok vydání: 2004
Druh dokumentu: 學位論文 ; thesis
Popis: 92
According to Article 2 of the Regulations for Evaluation of the Most Advantageous Tender, if the award of a tender is to be determined on the most advantageous bid mechanism, it is a pre-requisite to confirm the nature of the object of procurement to be “heterogeneous” and is inadequate to award using the lowest bid mechanism. But, the definition of “heterogeneous” is very often a subject of discussion and dispute. To avoid the dispute, many entities choose to adopt the lowest tender to stay away from any risk which might be brought about by the most advantageous tender. Under information asymmetry, an entity uses price competition associated with the lowest bid may cause the aggravation of the bidders of public works snatch the bid award at very low price situation. Although an entity may seemingly conduct procurement on the lowest tender, the substance of poor quality of purchase would eventually bring high cost. As a result, in this research, according to a in-depth discussion on the definition of “homogeneous and heterogeneous and the market structure of the construction industry, it is possible to conclude the nature of built facility is heterogeneous. Via expert interviewing, questionnaire surveying it is further confirmed the heterogeneity of service provided in construction industry. Hopefully, this study will help the decision maker on determining the proper award mechanism and to make the work finished on schedule with satisfactory quality. Key word:heterogeneous、the most advantageous tender
Databáze: Networked Digital Library of Theses & Dissertations