Question: In this weeks readings, you explored the construction bidding processes that firms follow to secure construction projects during the procurement phase. Several factors influence the
In this weeks readings, you explored the construction bidding processes that firms follow to secure construction projects during the procurement phase. Several factors influence the procurement phase in the life cycle of a construction project. Chief among these factors is the projects location. The bidding processes associated with the locale, the state of the local economy, as well as a firms level of expertise in working in a certain location all can have serious ramifications on the firms return on investment.
Imagine that your firm is investigating the possibility of construction bidding on international construction projects. They have several locations in mind around the world, and they are relying on you to provide guidance on the bidding processes. Select one country, other than your own, and research the bidding process in this country. How does this countrys bidding process compare to the process in your country? Identify two similarities and differences. What issues do you foresee in bidding on construction projects in this country? Justify your response.
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