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Title: Mathematical relationships between scoring parameters in capped tendering
Authors: Ballesteros-Perez, Pablo
Gonzalez-Cruz, M. Carmen
Canavate-Grimal, Antonio
Keywords: Bid
Tender
Auction
Construction
Scoring system
Issue Date: 2012
Publisher: © Elsevier Ltd. APM and IPMA
Citation: BALLESTEROS-PEREZ, P., GONZALEZ-CRUZ, M.C. and CANAVATE-GRIMAL, A., 2012. Mathematical relationships between scoring parameters in capped tendering. International Journal of Project Management, 30(7), pp. 850-862.
Abstract: Mathematical relationships between Scoring Parameters can be used in Economic Scoring Formulas (ESF) in tendering to distribute the score among bidders in the economic part of a proposal.Each contracting authority must set an ESF when publishing tender specifications and the strategy of each bidder will differ depending on the ESF selected and the weight of the overall proposal scoring.This paper introduces the various mathematical relationships and density distributions that describe and inter-relate not only the main Scoring Parameters but the main Forecasting Parameters in any capped tender (those whose price is upper-limited).Forecasting Parameters, as variables that can be known in advance before the deadline of a tender is reached, together with Scoring Parameters constitute the basis of a future Bid Tender Forecasting Model. © 2012 Elsevier Ltd. APM and IPMA.
Description: This paper was accepted for publication in the journal International Journal of Project Management and the definitive published version is available at https://doi.org/10.1016/j.ijproman.2012.01.008
Sponsor: The translation of this paper was funded by the Universidad Politécnica de Valencia
Version: Accepted for publication
DOI: 10.1016/j.ijproman.2012.01.008
URI: https://dspace.lboro.ac.uk/2134/32777
Publisher Link: https://doi.org/10.1016/j.ijproman.2012.01.008
ISSN: 0263-7863
Appears in Collections:Published Articles (Architecture, Building and Civil Engineering)

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