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of renegotiating payments when cost overruns occur results in firms bidding below their true estimate of expected project …
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This paper provides an updated overview of the rapidly developing research field of multi-attribute online reverse auctions. Our focus is on academic research, although we briefly comment on the state-of-the-art in practice. The role that Operational Research plays in such auctions is...
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The outcome of non-binding reverse auctions critically depends on how information is distributed during the bidding …
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The outcome of non-binding reverse auctions critically depends on how information is distributed during the bidding …
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Public procurement of infrastructure has been subject to a long standing debate concerning the procurements' qualification requirements. Basically, it remains unclear what determines public procurement officers to vary procurements' qualification requirements. This research serves to elaborate...
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In procurement auctions, bidders are usually better informed about technical, financial, or legal aspects of the goods and services procured. Therefore, the buyer may include a dialogue in the procurement procedure which enables the suppliers to reveal information that will help the buyer to...
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