Publication detail

Impact of competition on prices in public sector procurement

HANÁK, T. MUCHOVÁ, P.

Original Title

Impact of competition on prices in public sector procurement

Type

conference paper

Language

English

Original Abstract

Efficient use of public resources should be supported by quality management of the tender procedure to achieve competitive tender prices. This paper examines the issue of competitive environment within public works contracts and explores the influence of the number of bidders on the tender results. A research sample of 256 public tenders was investigated in order to evaluate two research hypotheses. Data evaluation was supported by interval plot, scatter plot and correlation analysis. It has been found that the number of bidders in the tender depends on the type of the subject matter of the tender; however, this difference does not have a significant impact on the level of competition. Another research finding supports the assumption that the number of bidders influences the relative difference between expected price and award price. It was concluded that contracting authorities must not only require a sufficient range of qualifications, but should also take any steps required to motivate a sufficient number of applicants to participate in the tender procedure to achieve competitive prices.

Keywords

competition; construction project; price; public procurement; structure

Authors

HANÁK, T.; MUCHOVÁ, P.

RIV year

2015

Released

31. 8. 2015

Publisher

Elsevier

ISBN

1877-0509

Periodical

Procedia Computer Science

Year of study

64

Number

1

State

Kingdom of the Netherlands

Pages from

729

Pages to

735

Pages count

7

URL

https://www.sciencedirect.com/science/article/pii/S1877050915027362

Full text in the Digital Library

http://hdl.handle.net/11012/201150

BibTex

@inproceedings{BUT116188,
  author="Tomáš {Hanák} and Petra {Muchová}",
  title="Impact of competition on prices in public sector procurement",
  booktitle="ProjMAN - International Conference on Project MANagement",
  year="2015",
  journal="Procedia Computer Science",
  volume="64",
  number="1",
  pages="729--735",
  publisher="Elsevier",
  doi="10.1016/j.procs.2015.08.601",
  issn="1877-0509",
  url="https://www.sciencedirect.com/science/article/pii/S1877050915027362"
}