This paper studies cost-plus-time (A+B) procurement contracting with time incentives in the highway construction … completion time, and the A+B contract design is not ex-post efficient. Using data from highway procurement contracts in … industry. In the presence of construction uncertainty, the contractor’s actual completion time may deviate from the bid …

In public sector procurement, social welfare often depends on the time taken to complete the contract. A leading … departments have introduced innovative contracting methods based on scoring auctions that give contractors explicit time …

In public sector procurement, social welfare often depends on the time taken to complete the contract. A leading … departments have introduced innovative contracting methods based on scoring auctions that give contractors explicit time …

In public sector procurement, social welfare often depends on the time taken to complete the contract. A leading … departments have introduced innovative contracting methods based on scoring auctions that give contractors explicit time …

In procurement auctions, there are situations where a bidder's cost is uncertain at the time of bidding, leading to a … winner's curse also affects entry, which can have serious implications for procurement costs and efficiency. We find that the …

model the procurement problem as a sealed-bid auction where the buyer has to allocate purchases between an expensive but …