vault backup: 2025-11-21 15:31:28

bid-process-strategy.md

@@ -15,7 +15,7 @@ title: Bid Process Strategy
 ## Scope
 
 This note is intended to describe bid process strategy
-especially in terms of [[strategy#Auction Theory]],
+especially in terms of [[auction-theory]],
 which specifically addresses the competitive bid format
 typical of construction project award.
 
@@ -38,3 +38,31 @@ Bidders will accept a lower payout or even a loss
 in order to retain employees.
 
 **Backlog Deficit** drives up **Utility of award**
+
+## Factors Brainstorm
+
+This is a list of semi-independent factors
+relevant to the contractors decision of if and how to bid.
+
+### Key
+
+* `> [!info]` --- **Fact:** an indisputable truth or term definition
+* `> [!important]` --- **Logical Consequence**
+* `> [!tip]` --- **Relationship**
+* `> [!success]` --- **Desirable Outcome**
+* `> [!failure]` --- **Undesirable Outcome**
+
+> [!info]
+> The exact cost of a construction project is **uncertain**
+> until it is completed.
+
+> [!info]
+> Customers request bids as a 
+
+> [!tip]
+> Spending _more_ time on estimates
+
+> [!tip]
+> Estimating _more_ projects leads to _more_ opportunities for award.
+> Estimating _fewer_ projects leads to _fewer_ opportunities for award.
+