2007Journal of Hebei Energy Institute of Vocation and TechnologyRequires access

A Brief Talk on the Low-price Bidding

Shi Yan-hu

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Abstract

Low-price bidding,one of the methods of appraising bidding,is an inevitable developing trend.It has been put into good use and is being more and more concerned by all walks of life.Embodying openness,fairness and fair competition,low-price bidding is a necessity of reforming bidding and inviting public bidding.Low-price bidding has had both successes and failures when used.If tenderees are to succeed in using it,they have to consider and control all the factors,and improve competitive ability.They should also make it possible for owners to save capital as much as possible so that get the biggest benefits by investing.

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Low-price bidding,one of the methods of appraising bidding,is an inevitable developing trend.It has been put into good use and is being more and more concerned by all walks of life.Embodying openness,fairness and fair competition,low-price bidding is a necessity of reforming bidding and inviting public bidding.Low-price bidding has had both successes and failures when used.If tenderees are to succeed in using it,they have to consider and control all the factors,and improve competitive ability.They should also make it possible for owners to save capital as much as possible so that get the biggest benefits by investing.

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Available abstract

Low-price bidding,one of the methods of appraising bidding,is an inevitable developing trend.It has been put into good use and is being more and more concerned by all walks of life.Embodying openness,fairness and fair competition,low-price bidding is a necessity of reforming bidding and inviting public bidding.Low-price bidding has had both successes and failures when used.If tenderees are to succeed in using it,they have to consider and control all the factors,and improve competitive ability.They should also make it possible for owners to save capital as much as possible so that get the biggest benefits by investing.

Key concepts: Bidding, Competition (biology), Real-time bidding, Openness to experience, Microeconomics, Economics, Ebidding, Business

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