Bid/no-bid decisions in international construction markets are considered difficult, being characterized by its uncertainties and complexities, especially in todays competitive market. Some authors claim that many companies still utilize tools and methods that are fragmented, incomplete and rudimentary based on "personal intuition" or "previous-experience-based" (Han & Diekmann 2001a/b). On the other hand, other authors emphasize that most of the bidding models found in the literature remained in academic circles and did not find their way into the practical world (Wanous et al, 2000). The...