Detecting Abnormal and Collusive Bids in Capped Tendering

Recent developments in the area of Bid Tender Forecasting have enabled bidders to implement new types of easy-to-use tools for increasing their chances of winning contracts. Although these new tools (such as iso-Score Curve Graphs, Scoring Probability Graphs, and Position Probability Graphs) are des...

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Detalles Bibliográficos
Autores: Ballesteros-Pérez, Pablo|||0000-0002-4629-9664, González-Cruz, María Carmen, Cañavate Grimal, Antonio, Pellicer, Eugenio
Tipo de recurso: artículo
Fecha de publicación:2013
País:España
Institución:Universitat Politècnica de València (UPV)
Repositorio:RiuNet. Repositorio Institucional de la Universitat Politécnica de Valéncia
Idioma:inglés
OAI Identifier:oai:riunet.upv.es:10251/43290
Acceso en línea:https://riunet.upv.es/handle/10251/43290
Access Level:acceso abierto
Palabra clave:Tender
Auction
Collusion
Abnormal bid
Phony bid
Bid-covering
PROYECTOS DE INGENIERIA
INGENIERIA DEL TERRENO
Descripción
Sumario:Recent developments in the area of Bid Tender Forecasting have enabled bidders to implement new types of easy-to-use tools for increasing their chances of winning contracts. Although these new tools (such as iso-Score Curve Graphs, Scoring Probability Graphs, and Position Probability Graphs) are designed for bidders in capped tendering (tenders with an upper price limit), some of their principles can also be applied by a Contracting Authority to detect which bidders do not follow a standard pattern, that is, their bids are extremely high or low. Since a collusive bid generally needs to be sufficiently high or low to make an impact on the bid distribution, any person in charge of supervising capped tenders can be alerted to any bidder that might be involved in a cartel after identifying the same abnormal behavior in a series of tenders through simple calculations and a new type of graph.