Indicators /
Bid prices are unusall high
Identifier 51 |
State Not developed |
Autonomy Autonomous |
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 |
Country INT |
Language English |
Link to project http://www.worldbank.org/en/topic/governance/brief/anti-corruption |
Developer World Bank |
Link to source code non existent |
Where to extract data from bidding documents, expert knowledge |
Process phase BIDDING |
Validation N/A |
Tags bid
collusive bidding
price
statistics
theoretical
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