Engineering
8 years ago

Bidding Prices for Construction Lower Than Actual Costs, Impacting Industry Profitability.

2 views
Shanxi Architecture
Decision on bidding price of construction engineering is lower than exterprise cost
QI Wen-qia

Paper Summary

The article discusses how construction bidding prices are often lower than the actual cost for companies. The researchers suggest using financial data to determine if a bidding price is below the cost. This method is found to be effective and practical for evaluating construction bids.

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