Engineering
8 years ago

Construction bidding wars lead to lower prices, impacting project quality.

2 views
Deleted Journal
Application of the Game Theory in Bidding Offers Under the Situation of Winning the Bidding of Construction Projects with Lower Price
Jun Xing

Paper Summary

Bidding for construction projects often involves winning with lower prices, turning it into a game for bidders. By studying a real bidding case, this article looks at the issues with current bidding offers and uses game theory to find solutions.

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