Study On The Strategy Of Selecting Subcontractors In The Bidding Process Of International EPC Project

A bidding process is one of the main activities of international EPC project management.For general contractors,the chance of awarding projects in a bidding process directly relies on the success of selecting the best subcontractor.Therefore,an effective and accurate method of choosing subcontractors affect directly on the profit earned by the general contractors.Traditionally,a general contractor makes selection decision based on its managers' subjective evaluation on the subcontractors.This approach in selecting subcontractors may result in low efficiency and quality of work.This paper uses an Analytic Hierarchy Process(AHP)method to get the weight of each factor when a subcontractor is valued.The Genetic Algorithm(GA)method is on the bases of AHP for dealing with the subcontractor selection to establish a subcontractor value evaluation system.A real international EPC project example is explained and evaluated in this paper to demonstrate the feasibility of the method.This paper is of great significance to the general contractor with regard to providing a tool for bidding process in the early stage of EPC construction projects.