Effects of Location on Construction Bidding
In this week’s readings, you explored the 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 project’s location. The bidding processes
associated with the locale, the state of the local economy, as well as a firm’s level of expertise in working in a certain location all can have serious
ramifications on the firm’s return on investment.
Imagine that your firm is investigating the possibility of 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 (United States), and research the bidding
process in this country. How does this country’s bidding process compare to the process in your home country? Identify two similarities and differences.
What issues do you foresee in bidding on construction projects in this country? Justify your response.