| Author | Somprathana Tetanun |
| Call Number | AIT Thesis no.CM-04-12 |
| Subject(s) | Contractors--Thailand
Letting of contracts--Thailand
|
| Note | A thesis submitted in partial fulfillment of the requirements for the
degree of Master of Engineering, School of Civil Engineering |
| Publisher | Asian Institute of Technology |
| Series Statement | Thesis ; no. CM-04-12 |
| Abstract | The constrnction market in Thailand is highly competitive. Dealing successfully with
various bidding situations is a major reason that makes a contractor to survive in a
competitive environment. Therefore, the contractors have to always prepare themselves
getting ready in all circumstances.
This study mainly used questionnaire and interview to gather related data. The
questionnaire was modified from previous studies to suit with economic situation and
bidding system in Thailand. 48 factors influencing bid/no bid and mark-up size decisions
were groups into five categories, namely, project characteristics, company characteristics,
bidding situation, project documentation, and economic environment, after being identified
from literature review. The research hypothesis was that 'there is no significant difference
in factors influencing bid/no bid and mark-up size decision among different size
contractors'.
Findings from this study showed that some factors were given much importance in one
decision stage only but some other factors were given much importance in both decision
stages. A factor such as 'prequalification requirement' significantly affected bid/no-bid
decision only. Undoubtedly, factors such as 'degree of hazard' and 'degree of difficulty'
significantly affected mark-up size decision. However, factors such as 'risk involved in
investment', 'type of job', risk of fluctuation in material price' and anticipated rate of
return' significantly affected both decisions. The results from small, medium and large
contractors varied significantly depending on their capacities and financial status.
Highlighted questions related to bids showed that the popular used contracts were
competitive bidding and negotiated contract. The respondents agreed that 'they are
somewhat comfortable about the way they make bidding decisions at the moment',
although they do not use mathematical models. The severe and unsolvable problem, which
is embedded in Thai bidding system for long time, is 'corrnption'. |
| Year | 2004 |
| Corresponding Series Added Entry | Asian Institute of Technology. Thesis ; no. CM-04-12 |
| Type | Thesis |
| School | School of Civil Engineering |
| Department | Department of Civil and Infrastucture Engineering (DCIE) |
| Academic Program/FoS | Construction Engineering and Infrastructure Management (CM) |
| Chairperson(s) | Ogunlana, Stephen Olu; |
| Examination Committee(s) | Hadikusumo, B.H.W.;Pannapa Herabat; |
| Scholarship Donor(s) | Asian Institute of Technology Fellowship; |
| Degree | Thesis (M.Eng.) - Asian Institute of Technology, 2004 |
