Publication detail

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

HANÁK, T. MAROVIĆ, I. JAJAC, N.

Original Title

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

Type

journal article in Web of Science

Language

English

Original Abstract

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.

Keywords

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

Authors

HANÁK, T.; MAROVIĆ, I.; JAJAC, N.

Released

4. 6. 2018

Publisher

Josip Juraj Strossmayer University of Osijek

Location

Chorvatsko

ISBN

1330-3651

Periodical

TEHNIČKI VJESNIK - TECHNICAL GAZETTE

Year of study

25

Number

1

State

Republic of Croatia

Pages from

144

Pages to

148

Pages count

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"
}