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

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.