Wednesday, 13 June 2018

Projects, Procurement and Market Power

Client Monopsony versus Contractor Bargaining Power

These are the slides for a research seminar that covers topics like collusion, incomplete contracts and auctions, and frames procurement as a contest between clients and contractors over information about costs and prices, mediated by project complexity and contractual relationships. The PDF can be downloaded here.

Other relevant posts
Market structure in building and construction here
Project characteristics and classifications here
Do projects have internal markets? here