Research on Selecting the Participants of the Governmental Investment Construction Projects Based on the Second-Price Sealed Bid-Auction

Author

Zhang, Tao ; Zhang, Jiansheng ; Chen Baofeng

Author_Institution

Coll. of Econ. & Manage., China Agric. Univ., Beijing, China

fYear

2009

fDate

20-22 Sept. 2009

Firstpage

1

Lastpage

4

Abstract

The author studies the methods of second-price sealed bid-auction for choosing participants of the governmental investment construction projects. To introduce the auction model based on secondary price when choosing professional project management companies, will effectively avoid the abnormal phenomenon of "Bad money drives good money out of circulation" in the construction projects, so as to provide institutional guarantor to the success of governmental construction projects. Concrete case study is given to support this theory and its efficacy.

Keywords

investment; project management; public finance; auction model; governmental investment construction project; project management; second-price sealed bid-auction; Asset management; Concrete; Contracts; Environmental economics; Financial management; Government; Inspection; Investments; National security; Project management;

fLanguage

English

Publisher

ieee

Conference_Titel

Management and Service Science, 2009. MASS '09. International Conference on

Conference_Location

Wuhan

Print_ISBN

978-1-4244-4638-4

Electronic_ISBN

978-1-4244-4639-1

Type

conf

DOI

10.1109/ICMSS.2009.5303153

Filename

5303153