Indicators /
Bid prices are unusall high
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Identifier 51 |
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State Not developed |
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Autonomy Autonomous |
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Description This redflag indicates risk if the winning bid price is much higher than cost estimates or industry averages AND/OR bid prices drop when a new or infrequent bidder enters the bidding process AND/OR persistently high or increasingly high bid prices by all bidders |
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Country INT |
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Language English |
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Link to project http://www.worldbank.org/en/topic/governance/brief/anti-corruption |
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Developer World Bank |
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Link to source code non existent |
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Where to extract data from bidding documents, expert knowledge |
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Process phase BIDDING |
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Validation N/A |
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Tags bid
collusive bidding
price
statistics
theoretical
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