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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" }