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

Kód výsledku v 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>

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

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

Popis výsledku anglicky

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.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

20101 - Civil engineering

Projekt

—

Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2018

Kód důvěrnosti údajů

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

Název periodika

TEHNIČKI VJESNIK - TECHNICAL GAZETTE

ISSN

1330-3651

e-ISSN

1848-6339

Svazek periodika

25

Číslo periodika v rámci svazku

1

Stát vydavatele periodika

HR - Chorvatská republika

Počet stran výsledku

5

Strana od-do

144-148

Kód UT WoS článku

000433290300020

EID výsledku v databázi Scopus

2-s2.0-85047824333