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I G. N. Jaya Surya Dharma
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Civil Engineering, Building, Construction & Architecture

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STUDI PENENTUAN NILAI MARKUP MINIMUM SEBAGAI STRATEGI UNTUK MEMENANGKAN PENAWARAN PROYEK KOSNTRUKSI DENGAN MODEL FAIR AND REASONABLE MARKUP (FARM) Dewa Ketut Sudarsana; Putu Dharma Warsika; I G. N. Jaya Surya Dharma
Jurnal Ilmiah Teknik Sipil Vol. 15, No. 1 Januari 2011
Publisher : Department of Civil Engineering, Udayana University

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Abstract

The rapidly growing in the development of construction project inIndonesia has brought a very powerful impact in the construction business. Therise of the development of construction business has led to tight competition forcontractors to win the tender. A model of Fair and Reasonable Markup (FARM) byFarid and Boyer in 1985 is used to determine the smallest markup value /minimum bid price that used by contractors to meet the return on investment /capital which is expected in the project. By using FARM models, contractors areexpected to determine a price that is competitive, but it still can generate sufficientprofits for the contractors as bidders. The study results in markup values rangingfrom 1.58% to 1.69% and the rate of return on investment expected by thecontractor is about 20% per year.
Co-Authors Dewa Ketut Sudarsana Putu Dharma Warsika