Challenges of Electronic Reverse Auctions in Construction Industry—A Review

Hanák, Tomáš; Marović, Ivan; Jajac, Nikša

doi:10.3390/economies8010013

Cited by 7 publications

(6 citation statements)

References 76 publications

(78 reference statements)

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“…Both hypotheses H1 and H2 have been confirmed. Some researchers came to similar solutions in their works (Bakr 2019), (Ellis et al 2021), (Sayed et al 2020), (Subiyanto and Suyoto 2020), (Hanák et al 2020), (Niewerth et al 2022), and(Jaskowski et al 2019).…”

Section: Confirmed H2mentioning

confidence: 98%

Agent-Based Modeling of Construction Firms’ Organizational Behavior in Public Tenders

Гладких

Alekseev

2023

JRFM

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A key problem of construction firms’ management and economy is organization of effective participation in public tenders. The direct executor, who determines the price of the contract, may be interested in obtaining as many contracts as possible. It means that his strategic behavior in tender may be to undervalue each individual offer. At the same time, such a strategy can be a source of risk of project loss because the actual costs may be lower than the price of the contract won. The management of the construction organization is not interested in this. On the other hand, overpricing strategy may lead to a reduction in the number of contracts won, which may not seem effective either for the head or for the executor of such an organization. The article discusses whether the profits of a construction firm can increase by using a more precise method of calculating the estimated cost. The second question is—which staff of a construction firm will benefit from using such methods? The aim of this work is to test these hypotheses with the instrumentality of agent-based modeling. Profit values of construction firms were obtained by the computer simulation of the construction firms’ strategic behavior in public tenders. Results of 1500 computer experiments are presented as a decision tree. It can be seen that when using a more precise method, construction firms win tenders almost two times less often. However, they incur losses many times less than with an inaccurate method. If a construction firm made a profit from the contracts won, the profit margin was almost always greater when using the more precise method. Moreover, the results of game-theoretic modeling are given. Values of the objective functions of the executor and head of the construction firm were obtained, taking into account the reward for contracts won and penalty for miscalculating the cost of work. It has been proved that using more precise methods for calculating the estimated cost is beneficial to both the head and the executor. It can be concluded that both hypotheses were confirmed and a precise method for calculating the cost increases the efficiency of a construction firm.

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Section: Confirmed H2mentioning

confidence: 98%

Agent-Based Modeling of Construction Firms’ Organizational Behavior in Public Tenders

Гладких

Alekseev

2023

JRFM

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“…An analysis of figure n.04 reveals that the European Commission stands out as the main source of funding, supporting four studies focused on ethics and public procurement as preventive measures against corruption in government authorities. These studies were carried out in Portugal (Bizarro & Ferreiro, 2022), Croatia (Hanák et al, 2020), Germany (Parrado et al, 2018), and the United States (Hawkins et al, 2011b). On the other hand, the Fundação para a Ciência e Tecnologia also shows a significant contribution with three documents funded in Portugal.…”

Section: Documents By Country or Territorymentioning

confidence: 99%

Investigating Ethics in Government Procurement: A Bibliometric Analysis

Colque-Diaz,

Arbildo-Paredes,

Millones-Liza

2024

Intl. J. Rel.

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Government procurement, being the largest business sector worldwide, faces significant challenges in terms of corruption, lack of transparency, and accountability. This study performs a bibliometric analysis to quantify and evaluate the scientific production on ethics in government procurement, identifying trends and associations between key terms over time. Using the Scopus database, 236 relevant documents dating from 1983 to 2024 were extracted, revealing a predominance of research articles and increasing attention to the topic, especially in the context of the COVID-19 pandemic. The findings indicate the importance of sustainable and responsible practices, as well as the potential of technological innovation, such as blockchain implementation and electronic contracting, to improve the integrity and efficiency of government procurement.

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“…To select a capable contractor, prequalification plays an important role, however, also other aspects should be considered such as the procurement method to foster achieving project goals [41][42][43][44]. Achieving the financial performance of the project can be supported in the procurement stage by promoting the level of competition in the tender [45] as well as by considerations to use electronic reverse auctions [46][47][48].…”

Section: Pmic: Going Beyond Its Traditional Capabilitiesmentioning

confidence: 99%

Performance Management in Czech Construction

Hanák

Marović

2022

Teh. glas. (Online)

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Performance management belongs to crucial managerial activities. This study aims to address how performance management in construction is applied among Czech public organizations on the project level. In order to address this issue, qualitative data has been collected by semi-structured interviews of experienced experts representing organizations owning/operating important facilities and infrastructure (road and rail infrastructure, water and sewage systems, education facilities and collectors). Findings revealed that the level of performance management adoption is rather low, organizations mostly focus on supplier performance evaluation as a response to the ISO 9001 requirements. The practical use of BIM or life-cycle costing is rather in the reflection and preparation phase, on the other hand, a progressive approach is applied in terms of deployment of modern equipment for monitoring of structural defects or the use of robots for maintenance and repairs.

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Challenges of Electronic Reverse Auctions in Construction Industry—A Review

Cited by 7 publications

References 76 publications

Agent-Based Modeling of Construction Firms’ Organizational Behavior in Public Tenders

Agent-Based Modeling of Construction Firms’ Organizational Behavior in Public Tenders

Investigating Ethics in Government Procurement: A Bibliometric Analysis

Performance Management in Czech Construction

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