How the bidding period affects the number of bids in public procurement. (Data from Greece)

What is it about?

This paper examines how the period for which a public procurement notice remains open for bidding affects the number of bids. Examples of excluded bidders because of overdue tenders, raise the question of how the available time they have to prepare and place their tenders, affects their number.

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Photo by Lukas Blazek on Unsplash

Photo by Lukas Blazek on Unsplash

Why is it important?

Although most authors agree on the main factors affecting the number of bids in public procurement, what is not yet clear is the impact of the publication period of each notice. This paper fills this gap and now we can claim that competition in terms of the number of bids is affected by the available time for preparation. Because competition is related with the results of each notice (i.e. final value), the factor time is also related with those results.