Title :
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
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;
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
DOI :
10.1109/ICMSS.2009.5303153
