A Review on Key Contractor selection criteria for DB-EPC Projects

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@article{1705393,
      author = {Gaurav Suhas Nalamwar, Prof. Ashish Pruthviraj Waghmare},
      title = {A Review on Key Contractor selection criteria for DB-EPC Projects},
      journal = {Iconic Research And Engineering Journals},
      year = {2024},
      volume = {7},
      number = {7},
      pages = {534-544},
      issn = {2456-8880},
      url = {https://www.irejournals.com/formatedpaper/1705393.pdf},
      abstract = {Choosing the right contractor is crucial for the success of Engineering, Procurement, and Construction (EPC) and Design-Build (DB) projects. Various factors should be considered to ensure that the best contractor is selected, such as the contractor's technical proficiency, expertise, financial stability, safety record, and overall reputation. The project's complexity and budgetary restrictions should also be taken into account. To achieve a fair and equitable selection process, the contractor's credentials should be reviewed against the project's specifications in a methodical and transparent manner. In this study, the factors influencing contractor selection in construction projects in India were analysed using interpretative structural modelling (ISM). Additionally, MICMAC analysis is utilized to distinguish between "driving factors" and "dependent factors." The ISM model indicated that financial stability, performance on works (quality), current projects in hand, and lowest bidder are the top criteria to consider while selecting contractors for DB/EPC projects. Joint venture/single point of responsibility was identified as a factor that influences but is not influenced by other factors. The middle-level factors were transitional because they both influence and are affected by other factors. However, these results are based on expert judgments, which may introduce biases. Overall, this study provides valuable insights into the factors influencing contractor selection in construction projects in India, which can aid decision-makers in the selection process.},
      keywords = {Contractor Selection; Engineering procurement & construction; Design-Build; Selection criteria; Prequalification Criteria},
      month = {January},
  }