... the bid price strategy, which enable the bidder to submit a bid price with lowest price and maximum profit, will be provided. Review of bid price According to A J Smith(1995) stated, the Bid price is the sum of net project cost estimate, the overheads, the additional project financing costs, the required profit and the risk margin. And Spence Geddes(1985) stated that the project net estimate includes the plant, labour and material cost of the work. The plant cost is the cost of small plant & tools and mechanical plant. The labour cost is the cost of the staff and the supervision of the labour. A J Smith(1995) stated that the material cost is the cost of all material that is used to build the project. The overhead represent the fixed costs of running the company regardless if whether the company does any work or not. According to Merna and Njiru(2002), the ...

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