CO3854_ResearchGate.pdf (2.43 MB)
Scoring rules and competitive behavior in best-value construction auctions
journal contribution
posted on 2018-04-30, 08:49 authored by Pablo Ballesteros-Perez, Martin Skitmore, Eugenio Pellicer, Xiaoling Zhang© 2016 American Society of Civil Engineers. This paper examines the extent to which engineers can influence the competitive behavior of bidders in best value or multiattribute construction auctions, in which both the (dollar) bid and technical nonprice criteria are scored according to a scoring rule. From a sample of Spanish construction auctions with a variety of bid scoring rules, it is found that bidders are influenced by the auction rules in significant and predictable ways. The bid score weighting, bid scoring formula, and abnormally low bids criterion are variables likely to influence the competitiveness of bidders in terms of both their aggressive/conservative bidding and concentration/dispersion of bids. Revealing the influence of the bid scoring rules and their magnitude on bidders' competitive behavior opens the door for the engineer to condition bidder competitive behavior in such a way as to provide the balance needed to achieve the owner's desired strategic outcomes.
History
School
- Architecture, Building and Civil Engineering
Published in
Journal of Construction Engineering and ManagementVolume
142Issue
9Citation
BALLESTEROS-PEREZ, P. ...et al., 2016. Scoring rules and competitive behavior in best-value construction auctions. Journal of Construction Engineering and Management, 142 (9): 04016035.Publisher
© American Society of Civil Engineers (ASCE)Version
- AM (Accepted Manuscript)
Publisher statement
This work is made available according to the conditions of the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0) licence. Full details of this licence are available at: https://creativecommons.org/licenses/by-nc-nd/4.0/Acceptance date
2015-12-10Publication date
2016-03-02Notes
This paper was accepted for publication in the journal Journal of Construction Engineering and Management and the definitive published version is available at https://doi.org/10.1061/(ASCE)CO.1943-7862.0001144ISSN
0733-9364Publisher version
Language
- en