Title

Contractors' competition strategies in bidding: Hong Kong study

Date of this Version

10-1-2010

Document Type

Journal Article

Publication Details

Interim status: Citation only.

Tan, Y., Shen, L., & Langston, C. (2010). Contractors' competition strategies in bidding: Hong Kong study. Journal of construction engineering and management, 136(10), 1069-1077.

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2010 HERDC submission. FoR Code: 120200

© Copyright ASCE, 2010.

Abstract

Selecting an appropriate competition strategy in bidding is the ambition of most contractors. The multiple requirements of clients encourage contractors to consider other strategies to deliver additional benefits besides offering a low-price bid. Offering low bids will reduce contractors' profits and potentially make development less attractive. Contractors need to understand their specific resources that generate competitive advantage and accordingly develop strategies to win contracts. This paper reports the findings from a recent survey on competition strategies in the Hong Kong construction industry. Thirteen typical bidding strategies, their used frequency in bidding, and their effectiveness for winning contracts of different types and between different groups of contractors are studied. The analysis of findings is explored to provide local contractors and clients with new insights into competition strategies in bidding.

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This document has been peer reviewed.