Search
 
 

Display results as :
 


Rechercher Advanced Search

Latest topics
» May 2011 Unseen Released
Sun May 29, 2011 4:45 am by Admin

» Mock 3 Answer Released
Wed May 25, 2011 1:32 am by matt

» IT Problem
Tue May 24, 2011 3:18 am by gazb

» Diversity points in the exam
Mon May 23, 2011 9:27 am by homan82

» Mock 2 answer
Mon May 23, 2011 6:26 am by Munir

» Mock 3 Released
Sat May 21, 2011 11:00 pm by Moderator1

» Mock 2 released
Sat May 21, 2011 8:33 am by udeshiw

» Discussion Of Issues- Section 4
Wed May 18, 2011 10:57 pm by superstar

» Business Valuation Practice
Wed May 18, 2011 8:13 pm by Moderator1

Shopmotion


Navigation
 Portal
 Index
 Memberlist
 Profile
 FAQ
 Search
Affiliates
free forum


Bidding strategy

View previous topic View next topic Go down

Bidding strategy

Post  joya58 on Fri Jan 28, 2011 7:09 am

Apollo has been underbidding its rivals on contracts in Scotland by nearly 20%, according to tender documents seen by Building.

This revelation comes amid a turbulent period for the firm, which recently discovered two former directors of FWA West (a firm it bought for £4.9m) are due in court facing charges of fraud.

It has now emerged that they will appear along with former chief of Ujima housing association, Kenneth Kerr (see below).

Talk of contractors under-bidding to secure work has been doing the rounds since the onset of the recession but these documents suggest the extent to which some firms may be going to secure work.

On a rendering job in Alexandria, West Dunbartonshire council awarded Apollo a contract for £383,475 in September 2010.

The figure is 19.6% lower than the second highest bidder respectively.

The Chartered Institute of Building (CIOB) classifies any bid 10% lower than the second largest as ’suspiciously low’, and says that “clients should not be seduced by the lowest bid”.

Apollo also won two other bids for West Dunbartonshire and East Lothian councils in 2009 with offers 15.7% and 12.8% lower than the second largest bidder.

In response, Apollo chief executive Dave Sheridan, said: “Apollo does not go for jobs as loss-leaders and the three Scottish contracts referred to are healthy.

“The difference between our price and that of the nearest rival for the contracts quoted is far from unusual.”

A recent CIOB survey found that 82% of respondents thought that so-called “suicide bidding” existed in the industry.



Read article:http://www.building.co.uk/news/breaking-news/apollo-undercutting-rivals-by-20/5012249.article

joya58

Posts : 1
Join date : 2011-01-24

View user profile

Back to top Go down

Thanks a lot

Post  Moderator1 on Fri Jan 28, 2011 9:33 am

Thanks a lot for sharing. You can write these examples to earn marks under diversity! Great finding! Very Happy

Moderator1

Posts : 102
Join date : 2011-01-19

View user profile

Back to top Go down

View previous topic View next topic Back to top

- Similar topics

 
Permissions in this forum:
You cannot reply to topics in this forum