Analysis of Construction Auctions Data in Slovak Public Procurement
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...
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| Format: | Article |
| Language: | English |
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Wiley
2018-01-01
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| Series: | Advances in Civil Engineering |
| Online Access: | http://dx.doi.org/10.1155/2018/9036340 |
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| _version_ | 1832558966496821248 |
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| author | Tomáš Hanák Carles Serrat |
| author_facet | Tomáš Hanák Carles Serrat |
| author_sort | Tomáš Hanák |
| collection | DOAJ |
| description | 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. |
| format | Article |
| id | doaj-art-dcba47f0af87457f9c9854b82cb30745 |
| institution | Kabale University |
| issn | 1687-8086 1687-8094 |
| language | English |
| publishDate | 2018-01-01 |
| publisher | Wiley |
| record_format | Article |
| series | Advances in Civil Engineering |
| spelling | doaj-art-dcba47f0af87457f9c9854b82cb307452025-02-03T01:31:09ZengWileyAdvances in Civil Engineering1687-80861687-80942018-01-01201810.1155/2018/90363409036340Analysis of Construction Auctions Data in Slovak Public ProcurementTomáš Hanák0Carles Serrat1Brno University of Technology, Faculty of Civil Engineering, Brno 635 00, Czech RepublicUniversitat Politècnica de Catalunya-Barcelona TECH, Department of Mathematics, IEMAE-EPSEB, Barcelona 08028, SpainThe 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.http://dx.doi.org/10.1155/2018/9036340 |
| spellingShingle | Tomáš Hanák Carles Serrat Analysis of Construction Auctions Data in Slovak Public Procurement Advances in Civil Engineering |
| title | Analysis of Construction Auctions Data in Slovak Public Procurement |
| title_full | Analysis of Construction Auctions Data in Slovak Public Procurement |
| title_fullStr | Analysis of Construction Auctions Data in Slovak Public Procurement |
| title_full_unstemmed | Analysis of Construction Auctions Data in Slovak Public Procurement |
| title_short | Analysis of Construction Auctions Data in Slovak Public Procurement |
| title_sort | analysis of construction auctions data in slovak public procurement |
| url | http://dx.doi.org/10.1155/2018/9036340 |
| work_keys_str_mv | AT tomashanak analysisofconstructionauctionsdatainslovakpublicprocurement AT carlesserrat analysisofconstructionauctionsdatainslovakpublicprocurement |