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Economic scoring formulae in multi-Attribute construction auctions

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conference contribution
posted on 01.05.2018, 12:30 by Pablo Ballesteros-Perez, Eugenio Pellicer, M. Carmen Gonzalez-Cruz
Copyright © 2017 ISEC Press. Public tendering implies the free concurrence and competition of bidding companies that certify their solvency, so that those companies proposing the most attractive bid, both technically and economically, are awarded the contracts and carry them out according to the same terms and conditions that they proposed. Generally, there is high competition in public tendering, both concerning the number of bidders (constantly increasing), as well as the profit margin (constantly decreasing). On the other side, handling the procurement process, there is a contracting authority that spends public money while trying to fulfill a particular socio-economic objective. This paper will take the contracting authority's (auctioneer's) point of view which is in charge of devising and implementing the awarding criteria, as well as choosing the best bidder. Particularly, this paper will focus on some aspects of the Economic Scoring Formula (ESF) design. The ESF constitutes a set of mathematical expressions that transform the economic bids submitted by the bidders into scores, so that, eventually, the bidders can be ranked and the best one selected. We will conclude that, despite apparently simple, how ESF are configured eventually have profound consequences on bidding behavior and some bidding results, like a higher or lower bid dispersion.

History

School

  • Architecture, Building and Civil Engineering

Published in

ISEC 2017 - 9th International Structural Engineering and Construction Conference: Resilient Structures and Sustainable Construction ISEC 2017 - 9th International Structural Engineering and Construction Conference: Resilient Structures and Sustainable Construction

Citation

BALLESTEROS-PEREZ, P., PELLICER, E. and GONZALEZ-CRUZ, M.C., 2017. Economic scoring formulae in multi-Attribute construction auctions. In: Pellicer, E., Adam, J. M., Yepes, V., Singh, A. and Yazdani, S. (eds.) Resilient Structures and Sustainable Construction: Proceedings of the Ninth International Structural Engineering and Construction Conference Valencia, Spain, July 24-July 29, 2017. Fargo, USA: ISEC Press.

Publisher

© ISEC Press

Version

VoR (Version of Record)

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

01/07/2017

Publication date

2017

Notes

This is a conference paper.

ISBN

9780996043748

Language

en

Location

Valencia