Publication detail

Analysis of Construction Auctions Data in Slovak Public Procurement

HANÁK, T. SERRAT, C.

Original Title

Analysis of Construction Auctions Data in Slovak Public Procurement

Type

journal article in Web of Science

Language

English

Original Abstract

The requirement for efficient public spending leads contracting authorities to use electronic reverse auctions (e-RA), a tool that allows achieving financial savings. In this study, we aim to explore the relationships between the different acting e-RA variables and to check for predictive models in order to infer on the savings amount in construction public procurement. Data on real construction auctions in Slovakia were statistically analysed by means of graphics tools, multiple regression analysis, test, and statistics for measuring the association between categorical variables. The results revealed that one should take the type of contract into account when considering the use of e-RA. This research provides several implications for purchasing practitioners in the area of construction procurement, especially with regard to the level of competition in the auction and estimation of savings potential. Presented findings aid managerial decision-making process of e-RA adoption. At the end, recommended future research directions in the investigated area are outlined.

Keywords

electronic reverse auction, public procurement, construction, project, saving

Authors

HANÁK, T.; SERRAT, C.

Released

1. 12. 2018

Publisher

Hindawi

Location

USA

ISBN

1687-8086

Periodical

Advances in Civil Engineering

Year of study

2018

Number

1

State

United States of America

Pages from

1

Pages to

13

Pages count

13

URL

https://www.hindawi.com/journals/ace/2018/9036340/

Full text in the Digital Library

http://hdl.handle.net/11012/193246

BibTex

@article{BUT151735,
  author="Tomáš {Hanák} and Carles {Serrat}",
  title="Analysis of Construction Auctions Data in Slovak Public Procurement",
  journal="Advances in Civil Engineering",
  year="2018",
  volume="2018",
  number="1",
  pages="1--13",
  doi="10.1155/2018/9036340",
  issn="1687-8086",
  url="https://www.hindawi.com/journals/ace/2018/9036340/"
}