Resource title

Development of reusable bid evaluation models for the Portugese Electric Transmission Company

Resource image

image for OpenScout resource :: Development of reusable bid evaluation models for the Portugese Electric Transmission Company

Resource description

Bid evaluation is the process of selecting a contractor from a number of bidders. The decision analysis models currently in use at the Portuguese Electric Transmission Company (REN) to evaluate bids were developed through a decision conferencing process supported by the MACBETH multicriteria approach and software. This paper presents the various components of this interactive socio-technical process. Given the number of contracts awarded by REN each year, it was crucial that the models be reusable in similar calls for tenders; this required substantial care in structuring the criteria, with a focus on constructed scales, and building value function models based on qualitative pairwise comparison judgments of difference in attractiveness. Also of particular interest is the approach for weighing benefits against costs.

Resource author

Resource publisher

Resource publish date

Resource language

en

Resource content type

application/pdf

Resource resource URL

http://eprints.lse.ac.uk/22697/1/Development_of_Resusable_Bid_Evaluation_Models_WP_LSE_07-98_%283%29LSEROVERSION.pdf

Resource license