Tender Price Predictor: Predicting Tender Prices of Dutch Infrastructure Projects with Machine Learning

The Dutch public procurement market is a multi-billion industry, with a total value of 73 billion euros per year. Competitive tendering is the most popular method of selecting a supplier for the required construction services. The realisation of a tender bid is an expensive and complex process, established on the intersection of various...

Selection criteria and tender evaluation: The equivalent tender price model (ETPM)

Several research studies have identified critical success factors and their impact on project success. Central to both success and failure is the issue of selection criteria, and the importance of incorporating qualitative factors when contracting for complex design and construction projects. Empirical findings suggest that price is still...