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Data Analytics
 

Bidder Profiling

Our unit cost calculator helps you to infer the various bidding strategies that contractors are using to bid your projects. For instance, some bidders have a consistent preference to bid either higher or lower, relative to their competitors, based on the size or location of the project. Developing a profile of your bidders, using your tender summary data, can help you to design and stage projects that maximize the value you get out of the tender/bid process. 

Our propriety machine learning algorithm can help you develop metrics that quantify the statistical behaviour of contractors from your historical tender/bid summaries. Anomalous bids can be defensibly discarded. Winning bids can be justified on the basis of historic behaviour under competitive market dynamics.

 

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