| Title |
A Study on Collusion Effects for Bid Award in Public Construction Works |
| DOI |
http://dx.doi.org/10.6106/KJCEM.2020.21.1.011 |
| Keywords |
Factors for Successful Bid;Collusion;Bid Price;Design Score;Choice Variable Model |
| Abstract |
To estimate collusion effects on bid award in Public Construction works, this paper uses Logit Model, which is a choice variable model. Price, design, competition, and other factors are included, with a special focus on collusion, as independent variables in the model. The empirical results are as follows. First, collusion has little effects on bid award, but great impacts on bidding behavior. Secondly, the score of design is the most important and significant factors among all variables. Thirdly, competition has also significant effects on bid award. Finally it is analyzed that institutional framework and characteristics of public work have some effects on bidding award. |