Ballesteros Pérez, Pablo; González-Cruz, María Carmen; Fuentes Bargues, José Luis; Skitmore, M.(Taylor & Francis, 2015-09-02)
The number of bidders, N, involved in a construction procurement auction is known to have an important effect on the value of the lowest bid and the mark-up applied by bidders. In practice, for example, it is important for ...
Ballesteros Pérez, Pablo; Skitmore, M.; Pellicer Armiñana, Eugenio; Gutiérrez-Bahamondes, Jimmy H.(Elsevier, 2016)
Anticipating the number and identity of bidders has significant influence in many theoretical results of the auction itself and bidders bidding behaviour. This is because when a bidder knows in advance which specific ...
[EN] The statistical distribution representing bid values constitutes an essential part of many auction models and has involved a wide range of assumptions, including the Uniform, Normal, Lognormal and Weibull densities. ...
Ballesteros Pérez, Pablo; Skitmore, M.; Pellicer Armiñana, Eugenio; Zhang, X.(American Society of Civil Engineers, 2016-09)
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 ...