Construction Companies To Bid Bidding Behavior Based On Game Theory

Facing the new environment of WTO, how to participate in the aboil competion market and how to use the scientific theory and technique to bid as a Chinese construction enterprise is a very important and exigent research subject. The comparison method of the compound lower limited bids is a very important method and widely used in the construction project inviting tender field in China. From a new angle basis of the game theory, making a deeply study in the theory and proof research have a very strong direction and realism meaning to improve the construction enterprise's bidding ability and competition ability in China.Based on a literature review about bidding theory and game theory, this paper attempts to do some theory and proof research about the compound lower limited bids project in microcosmic angle. The main methods involve questionnaire, research interview, model study and case study. Some useful results have gained. The main conclusion draw from this study are follows:l.This paper makes a study about the comparison methods of construction project and puts the methods in tow parts: the lowest limited bids and the compound lower limited bids. In this way the base of the model is set up.2.Questionnaire is quoted in the research of the construction enterprise bidding field and has got a plenty of first-hand materials. By the statistic and analysis of the datas the paper discusses the rule of the bidding. The questionnaire also makes a conclusion that the method of the compound lower limited bids is widely used in construction project inviting public bidding in China.3.The paper analyses the difficulties of setting up the construction enterprise bidding model, expatiates the game characteristics of the bidding. Then the paper has designed the game theory model of the compound lower limited bids and analyses the model's applicability. At the end an actual bidding proves the model's validity.