Collusion occurs when companies conspire to remove competition from the process of
bidding and collectively agree who will win an auction by engaging in price fixing and bid …

This study investigates the lack of adoption of pricing models for tenders in business-to-
business (B2B) and business-to-government (B2G) markets. We aim to identify the gaps …

Iso-score curves graph (iSCG) and mathematical relationships between Scoring Parameters
(SP) and Forecasting Parameters (FP) can be used in Economic Scoring Formulas (ESF) …

In this article, we present findings from the Brazilian Federal Police's ongoing investigation
referred to as 'Operation Car Wash', which led to an accusation of collusive bidding being …

The statistical distribution representing bid values constitutes an essential part of many
auction models and has involved a wide range of assumptions, including the Uniform …

Abstract Research in Bid Tender Forecasting Models (BTFM) has been in progress since the
1950s. None of the developed models were easy-to-use tools for effective use by bidding …

Mathematical relationships between Scoring Parameters can be used in Economic Scoring
Formulas (ESF) in tendering to distribute the score among bidders in the economic part of a …

Purpose–Winning a bid will carry implications for capacity level of a construction firm. This
paper aims to examine the impact of a winning bid on contractors' bid pricing strategies …

Unlike the traditional price-focused lowest bid (LB), the best value (BV) tendering process
selects the contractor that offers a product or service that is most beneficial to the …

There have been limited empirical studies that aimed to establish the tenability of the
stationarity assumption in recurrent construction bidding, and thus the need for and …