Monday, 29 June 2009

Competitive bidding in companies

Consulting engineers as per the code of ethics, are prevented to take part in competitive bidding which means quoting price for a project confidentially .The work of the project is allotted based on low bidding,without reduction in quality.This bidding is permissible for construction companies because they prepare cost estimates more accurately based on specifications.Generally consulting engineers has to develop some creative designs.To make precise bids,often it is difficult.Under such circumstances competitive bidding will encourage reduction in quality in case of lower bidding or over designing in case of higher bidding.

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