Abstract:
The construction industry and its clients are widely associated with Bid and Procurement issues. These issues are different depending upon nature of construction business activities, processes, environment and organization. Bid and Procurement is a substantial and integral element of Construction project management. It has been the issue of attention in the construction world. Due to time and cost overruns associated with construction projects, so many projects fail to accomplish their targets and objectives. Unmanaged or unmitigated bidding and procurement procedures are one of the fundamental causes of these overruns. In Pakistan and other underdeveloped countries, the most common method of awarding the contract is the Low-Bid or Priced Based method, which has inherent flaws of high competition and minimum performance. On the other hand, these days, developed countries are using alternate bidding systems such as Best Value Procurement method for awarding a contract with basic characteristics of high performance and high competition to meet the main objective of quality of the Construction Industry. The core objective of presenting the study is to highlight the trends and flaws in the bidding and procurement practices in construction industry of Pakistan, specifically in government sector projects. A set of recommendations has been presented based on surveys results and interviews for improvement of these trends.
Page(s):
153-160
DOI:
DOI not available
Published:
Journal: Proceedings of International Conference on Construction in Developing Countries , Volume: 4, Issue: 5, Year: 2008