{"title":"You Get What You Pay for: An Analysis of Public Contracts for Engineering Services","authors":"Caio César de Medeiros-Costa","doi":"10.1177/00953997241240404","DOIUrl":null,"url":null,"abstract":"To understand the effects of bidder’s strategies on contractual modifications, this study utilized econometric methods and a database containing 5,434 engineering service contracts from Brazilian federal government. The results demonstrate the effects arising from the trade-off between the low prices presented in the contractor selection phase and the contractual performance measured by contract modifications. Competition among bidders in a reverse auction with multiple rounds of bid submissions can exacerbate this trade-off, potentially incentivizing risk-taking strategies by bidders. Subsequently, this may lead to the need for contract modifications to facilitate the ongoing execution of the contract.","PeriodicalId":47966,"journal":{"name":"Administration & Society","volume":"41 1","pages":""},"PeriodicalIF":3.2000,"publicationDate":"2024-04-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Administration & Society","FirstCategoryId":"91","ListUrlMain":"https://doi.org/10.1177/00953997241240404","RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"PUBLIC ADMINISTRATION","Score":null,"Total":0}
引用次数: 0
Abstract
To understand the effects of bidder’s strategies on contractual modifications, this study utilized econometric methods and a database containing 5,434 engineering service contracts from Brazilian federal government. The results demonstrate the effects arising from the trade-off between the low prices presented in the contractor selection phase and the contractual performance measured by contract modifications. Competition among bidders in a reverse auction with multiple rounds of bid submissions can exacerbate this trade-off, potentially incentivizing risk-taking strategies by bidders. Subsequently, this may lead to the need for contract modifications to facilitate the ongoing execution of the contract.
期刊介绍：
Administration & Society seeks to further the understanding of public and human service organizations, their administrative processes, and their effect on society. The journal publishes empirically oriented research reports and theoretically specific articles that synthesize or contribute to the advancement of understanding and explanation in these fields. Of particular interest are (1) studies that analyze the effects of the introduction of administrative strategies, programs, change interventions, and training; and (2) studies of intergroup, interorganizational, and organization-environment relationships and policy processes.
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