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Publication detail
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
Pages to
13
Pages count
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/" }