Multi-criteria bid evaluation of public projects

Local and national Governments must deliver the public facilities that citizens need and, at the same time, select private firms that are able to build these facilities according to the best possible compromise between available resources (money, time...) and the quality of the required work/service. Consequently, multi-criteria evaluation...

Endogenous risk in unbalanced bidding

Models of unbalanced bidding in unit price contracts (UPC) can be categorised into two types. The first category assists clients in detecting and contractors in optimising skew bidding. More theoretical oriented models of the second type focus on bidding behaviour in order to study market efficiency. These models predict corner solutions, i.e....