Unsuccessful bids: Coefficient of variation of bids as indicator of project risk

Although unsuccessful bids are usually discarded once the bids are opened under the typical lowest-price sealed-bid project award auction environment, considering efforts and resources expended by responsive and responsible bidders, it is likely that not only a successful bid but also unsuccessful b...

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Bibliographic Details
Main Authors: Kim Young Joo, Skibniewski Miroslaw J.
Format: Article
Language:English
Published: Sciendo 2020-06-01
Series:Organization, Technology and Management in Construction: An International Journal
Subjects:
Online Access:https://doi.org/10.2478/otmcj-2020-0015