Authors:

Dewa Ketut Sudarsana, Putu Dharma Warsika, I G. N. Jaya Surya Dharma

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.”

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PDF:

https://jurnal.harianregional.com/jits/full-3615

Published

2021-11-09

How To Cite

SUDARSANA, Dewa Ketut; DHARMA WARSIKA, Putu; JAYA SURYA DHARMA, I G. N.. STUDI PENENTUAN NILAI MARKUP MINIMUM SEBAGAI STRATEGI UNTUK MEMENANGKAN PENAWARAN PROYEK KOSNTRUKSI DENGAN MODEL FAIR AND REASONABLE MARKUP (FARM).Jurnal Ilmiah Teknik Sipil, [S.l.], nov. 2012. ISSN 2541-5484. Available at: https://jurnal.harianregional.com/jits/id-3615. Date accessed: 28 Aug. 2025.

Citation Format

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Issue

Vol. 15, No. 1 Januari 2011

Section

Articles

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