The Adverse Effect Analysis of Publishing The Maximum Control Price in Construction Bidding
A great deal of literatures suggested that control price should be established in bidding. But for the application of the maximum control price, whether it should be published or not in bidding have no unified view so far. With the game theory, this paper analyzes the adverse effects of the tenderee publishing the maximum control price in the firstprice sealed bidding mechanism. The results showed that stipulating the maximum control price to be announced before the bid opening will lead to the improvement of the whole tender offer. Finally, the winning tenderers offer is always greater than the normal offer, which would harm the tenderees benefit.
construction project bidding the maximum control price game theory
ZHOU Wei WANG Zhuo-fu
Engineering Management Research Institute Hohai University Nanjing, China
国际会议
2010 International Conference on Construction and Project Management(2010年IEEE建设与项目管理国际会议 2010ICCPM)
成都
英文
69-73
2010-11-16(万方平台首次上网日期,不代表论文的发表时间)