Public works procurement regulates two award procedures from within the same criteria: either the price or a variety of different conditions. Although the question of price may not seem the most important factor to be considered, it is imperative to always be aware of it when bearing in mind the award criteria. Economic scoring formulae (ESF) are numerous and each agency has the authority to determine which will be used for each of their bids, making this article a comparative analysis of all the options. The results show that most formulas give the highest score to the most economic bidder, it is necessary to eliminate the use of formulas that give the highest score to the offers which are closest to the average of all bids submitted. One should always opt for formulas with moderate or strong scoring gradients across various stages or phases, thereby giving more weight to economic analysis, as set out in the various administrative clauses.
Published in | International Journal of Economic Behavior and Organization (Volume 1, Issue 1) |
DOI | 10.11648/j.ijebo.20130101.11 |
Page(s) | 1-12 |
Creative Commons |
This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited. |
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Copyright © The Author(s), 2013. Published by Science Publishing Group |
Procurement, Economic Scoring Formulae, Construction, Project Management, Bids
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APA Style
J. L. Fuentes-Bargues, C. González-Gaya. (2013). Analysis of the Scoring Formula of Economic Criteria in Public Works Procurement. International Journal of Economic Behavior and Organization, 1(1), 1-12. https://doi.org/10.11648/j.ijebo.20130101.11
ACS Style
J. L. Fuentes-Bargues; C. González-Gaya. Analysis of the Scoring Formula of Economic Criteria in Public Works Procurement. Int. J. Econ. Behav. Organ. 2013, 1(1), 1-12. doi: 10.11648/j.ijebo.20130101.11
AMA Style
J. L. Fuentes-Bargues, C. González-Gaya. Analysis of the Scoring Formula of Economic Criteria in Public Works Procurement. Int J Econ Behav Organ. 2013;1(1):1-12. doi: 10.11648/j.ijebo.20130101.11
@article{10.11648/j.ijebo.20130101.11, author = {J. L. Fuentes-Bargues and C. González-Gaya}, title = {Analysis of the Scoring Formula of Economic Criteria in Public Works Procurement}, journal = {International Journal of Economic Behavior and Organization}, volume = {1}, number = {1}, pages = {1-12}, doi = {10.11648/j.ijebo.20130101.11}, url = {https://doi.org/10.11648/j.ijebo.20130101.11}, eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijebo.20130101.11}, abstract = {Public works procurement regulates two award procedures from within the same criteria: either the price or a variety of different conditions. Although the question of price may not seem the most important factor to be considered, it is imperative to always be aware of it when bearing in mind the award criteria. Economic scoring formulae (ESF) are numerous and each agency has the authority to determine which will be used for each of their bids, making this article a comparative analysis of all the options. The results show that most formulas give the highest score to the most economic bidder, it is necessary to eliminate the use of formulas that give the highest score to the offers which are closest to the average of all bids submitted. One should always opt for formulas with moderate or strong scoring gradients across various stages or phases, thereby giving more weight to economic analysis, as set out in the various administrative clauses.}, year = {2013} }
TY - JOUR T1 - Analysis of the Scoring Formula of Economic Criteria in Public Works Procurement AU - J. L. Fuentes-Bargues AU - C. González-Gaya Y1 - 2013/02/20 PY - 2013 N1 - https://doi.org/10.11648/j.ijebo.20130101.11 DO - 10.11648/j.ijebo.20130101.11 T2 - International Journal of Economic Behavior and Organization JF - International Journal of Economic Behavior and Organization JO - International Journal of Economic Behavior and Organization SP - 1 EP - 12 PB - Science Publishing Group SN - 2328-7616 UR - https://doi.org/10.11648/j.ijebo.20130101.11 AB - Public works procurement regulates two award procedures from within the same criteria: either the price or a variety of different conditions. Although the question of price may not seem the most important factor to be considered, it is imperative to always be aware of it when bearing in mind the award criteria. Economic scoring formulae (ESF) are numerous and each agency has the authority to determine which will be used for each of their bids, making this article a comparative analysis of all the options. The results show that most formulas give the highest score to the most economic bidder, it is necessary to eliminate the use of formulas that give the highest score to the offers which are closest to the average of all bids submitted. One should always opt for formulas with moderate or strong scoring gradients across various stages or phases, thereby giving more weight to economic analysis, as set out in the various administrative clauses. VL - 1 IS - 1 ER -