A Critical Review on Comparison of Weighting Rating Calculating, Best Value, and Choosing by Advantages for Bidder Selection

Abstract

Project success is depends on selection of the best bidder during a tendering process. However, the approaches are not well understood which are used for decision making and their implication. In the academic literature, there are many Multi Criteria Decision Making (MCDM) methods. Through a systematic review of selected research papers from academic journals in construction management, major decision-making methods - Weighting Rating Calculating (WRC), Best Value Selection (BVS) and Choosing by Advantage (CBA) are identified. Here, theoretical comparison of three multicriteria decision making (MCDM) methods are presented. These methods are weighting rating calculating (WRC), best value selection (BVS), and choosing by advantage (CBA). The impact of these methods on the tendering procedure are different which is illustrated in study. In comparison, the CBA does not combine cost and value. To provides a clear and reproducible framework to support the tendering procedure and overcomes tentative bidder behavior, the authors recommend that public owners has study CBA and apply it.