{"title":"The Key Points on Lowest Bidding Based on Game Theory","authors":"Long Jing-ting","doi":"10.1109/ICICTA.2015.253","DOIUrl":null,"url":null,"abstract":"Lowest bidding is widely used in international construction contracting system, and is accepted in China since it's introduced several years ago. However, many unambiguous operations concerning it happen again and again, which has posed great negative impacts on some constructions. This paper discussed the evidence of \"lowest bidding\", the pricing system of \"lowest bidding\", and the management of construction under \"lowest bidding\" policy. Some suggestions were given to improve the healthy development in China's \"lowest bidding\" operation.","PeriodicalId":231694,"journal":{"name":"2015 8th International Conference on Intelligent Computation Technology and Automation (ICICTA)","volume":"354 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2015-06-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"1","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"2015 8th International Conference on Intelligent Computation Technology and Automation (ICICTA)","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1109/ICICTA.2015.253","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 1
Abstract
Lowest bidding is widely used in international construction contracting system, and is accepted in China since it's introduced several years ago. However, many unambiguous operations concerning it happen again and again, which has posed great negative impacts on some constructions. This paper discussed the evidence of "lowest bidding", the pricing system of "lowest bidding", and the management of construction under "lowest bidding" policy. Some suggestions were given to improve the healthy development in China's "lowest bidding" operation.
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