Journal of Management, Accounting, General Finance and International Economic Issues (MARGINAL)
Vol. 3 No. 3 (2024): JUNE

ANALYSIS OF THE RELATIONSHIP BETWEEN INDIRECT COSTS, BID PRICES, AND TIME PERFORMED BY SMALL CONTRACTORS IN SIDOARJO REGENCY

Zuhri, Syaefuddin (Unknown)
Witjaksana, Budi (Unknown)
Tjendani, Hanie Teki (Unknown)



Article Info

Publish Date
05 Jun 2024

Abstract

In each construction project, there are numerous essential project parameters, with cost being identified as the most critical factor due to its direct or indirect implications on every decision made. Cost holds significant importance for contractors, especially small contractors, who must strive to submit competitive bid prices while ensuring good construction quality and optimal time management. Therefore, it is imperative for small contractors to carefully evaluate indirect cost expenditures in order to achieve minimal costs without compromising on quality or project duration. This research delves into the correlation between indirect costs, bid prices, and time performance among small contractors in Sidoarjo. The study involves primary data processing and employs analytical methods, including multiple linear regression statistical analysis. The findings suggest that both indirect costs and bid prices have a notable impact on project duration, accounting for 52.4% of the variance in time performance.

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Journal Info

Abbrev

MARGINAL

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Environmental Science Social Sciences

Description

Journal of Management, Accounting, General Finance and International Economic Issues (MARGINAL) provides a scientific discourse about accounting, business, management, and economic issues both practically and conceptually. The published articles at this journal cover various topics from the result ...