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Analysis of Construction Auctions Data in Slovak Public Procurement
Joint Authors
Source
Issue
Vol. 2018, Issue 2018 (31 Dec. 2018), pp.1-13, 13 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2018-12-03
Country of Publication
Egypt
No. of Pages
13
Main Subjects
Abstract EN
The requirement for efficient public spending leads contracting authorities to use electronic reverse auctions (e-RA), a tool that allows achieving financial savings.
In this study, we aim to explore the relationships between the different acting e-RA variables and to check for predictive models in order to infer on the savings amount in construction public procurement.
Data on real construction auctions in Slovakia were statistically analysed by means of graphics tools, multiple regression analysis, test, and statistics for measuring the association between categorical variables.
The results revealed that one should take the type of contract into account when considering the use of e-RA.
This research provides several implications for purchasing practitioners in the area of construction procurement, especially with regard to the level of competition in the auction and estimation of savings potential.
Presented findings aid managerial decision-making process of e-RA adoption.
At the end, recommended future research directions in the investigated area are outlined.
American Psychological Association (APA)
Hanák, Tomáš& Serrat, Carles. 2018. Analysis of Construction Auctions Data in Slovak Public Procurement. Advances in Civil Engineering،Vol. 2018, no. 2018, pp.1-13.
https://search.emarefa.net/detail/BIM-1116836
Modern Language Association (MLA)
Hanák, Tomáš& Serrat, Carles. Analysis of Construction Auctions Data in Slovak Public Procurement. Advances in Civil Engineering No. 2018 (2018), pp.1-13.
https://search.emarefa.net/detail/BIM-1116836
American Medical Association (AMA)
Hanák, Tomáš& Serrat, Carles. Analysis of Construction Auctions Data in Slovak Public Procurement. Advances in Civil Engineering. 2018. Vol. 2018, no. 2018, pp.1-13.
https://search.emarefa.net/detail/BIM-1116836
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-1116836