Decision support system for bid evaluation

Historically, bid evaluation has been based on cost factor by most clients and contractor selection was based on the lowest bid. On many occasions due to this sole emphasis on cost factor alone, contractor failure occurs resulting in significant increase in cost and overruns of a project schedule. The objective of this study was to develop a Decision Support System (DSS) to assist the small organizations in identifying the most suitable contractor through a careful analysis of significant contractor selection factors at post-tender stage. Significance: Small organizations cannot afford the cost of elaborate DSS and often end up with less than desirable contractor. The DSS model will help in improving their contractor selection process.