Detail publikace

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

HANÁK, T. MAROVIĆ, I. JAJAC, N.

Originální název

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

Typ

článek v časopise ve Web of Science, Jimp

Jazyk

angličtina

Originální abstrakt

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.

Klíčová slova

abnormally low bid; competition; construction project management; electronic reverse auction; public procurement

Autoři

HANÁK, T.; MAROVIĆ, I.; JAJAC, N.

Vydáno

4. 6. 2018

Nakladatel

Josip Juraj Strossmayer University of Osijek

Místo

Chorvatsko

ISSN

1330-3651

Periodikum

TEHNIČKI VJESNIK - TECHNICAL GAZETTE

Ročník

25

Číslo

1

Stát

Chorvatská republika

Strany od

144

Strany do

148

Strany počet

5

URL

https://www.scopus.com/record/display.uri?eid=2-s2.0-85047824333&origin=inward&txGid=404e837a6673928994dc82b48be8f8fe

BibTex

@article{BUT147935,
  author="Tomáš {Hanák} and Ivan {Marović} and Nikša {Jajac}",
  title="Effect of Electronic Reverse Auctions on Competition and Abnormally Low Bids in Public Construction Procurement",
  journal="TEHNIČKI VJESNIK - TECHNICAL GAZETTE",
  year="2018",
  volume="25",
  number="1",
  pages="144--148",
  doi="10.17559/TV-20160212144243",
  issn="1330-3651",
  url="https://www.scopus.com/record/display.uri?eid=2-s2.0-85047824333&origin=inward&txGid=404e837a6673928994dc82b48be8f8fe"
}