Effect of Electronic Reverse Auctions on Competition and Abnormally Low Bids in Public Construction Procurement

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216305%3A26110%2F18%3APU128088" target="_blank" >RIV/00216305:26110/18:PU128088 - isvavai.cz</a>

Result on the web

<a href="https://www.scopus.com/record/display.uri?eid=2-s2.0-85047824333&origin=inward&txGid=404e837a6673928994dc82b48be8f8fe" target="_blank" >https://www.scopus.com/record/display.uri?eid=2-s2.0-85047824333&origin=inward&txGid=404e837a6673928994dc82b48be8f8fe</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.17559/TV-20160212144243" target="_blank" >10.17559/TV-20160212144243</a>

Result language

angličtina

Original language name

Effect of Electronic Reverse Auctions on Competition and Abnormally Low Bids in Public Construction Procurement

Original language description

The increasing complexity of construction projects imposes the need to address various aspects of project management in more detail. The success of a construction project depends on many variables and the process of supplier selection is certainly one of them. In recent years, the importance of electronic reverse auctions use in public sector construction procurement has been increasing, since they can bring substantial price savings. However, auctions are also criticized since they may result in the submission of abnormally low bids. This paper therefore aims to explore the impact of electronic reverse auctions on the competitive environment in public works contracts and on the occurrence of abnormally low bids. The results of quantitative research on Czech construction tenders revealed that the use of auctions decreases the number of bidders while increasing the probability of occurrence of abnormally low bids.

Czech name

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Czech description

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Type

J_imp - Article in a specialist periodical, which is included in the Web of Science database

CEP classification

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OECD FORD branch

20101 - Civil engineering

Project

—

Continuities

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year

2018

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

TEHNIČKI VJESNIK - TECHNICAL GAZETTE

ISSN

1330-3651

e-ISSN

1848-6339

Volume of the periodical

25

Issue of the periodical within the volume

1

Country of publishing house

HR - CROATIA

Number of pages

5

Pages from-to

144-148

UT code for WoS article

000433290300020

EID of the result in the Scopus database

2-s2.0-85047824333