:: Artikel Jurnal :: Kembali

Artikel Jurnal :: Kembali

Price gap comparison in unit price and lump sum contracts: A transaction cost economic approach

Yohanna Magdalena Lidya Gultom (Badan Perencanaan Pembangunan Nasional (BAPPENAS), 2023)

 Abstrak

This study compares two major types of contracts in public procurement, i.e. unit price and lump sum contracts, in terms of the gap between the winner's bid price and owner’s estimated price (OEP) in resulted price gap during the tender process, taking the case of government procurement in Indonesia. Using Indonesian e-tendering data of 2018-2021, this study employs an Ordinary Least Square regression to assess whether there is a difference in the price gap between the two types of contracts. This study finds that the average price gap in unit price contract is significantly higher than that of lump sum contracts. With the help of the transaction cost economics approach, this study discussed that the higher average price gap in unit price contracts is related to a lower information cost and lower risk of having a change order for the contract faced by the bidders. While in a lump sum contract, the winner's bid price is closer to OEP because bidders are faced with design risks that require higher information costs and contract adaptation during the execution phase. The study also found that the use of a unit price contract is significantly related to a longer tendering time due to a longer period in evaluating the bid.

 Metadata

No. Panggil : 330 JPP 7:1 (2023)
Entri utama-Nama orang :
Subjek :
Penerbitan : Jakarta: Badan Perencanaan Pembangunan Nasional (BAPPENAS), 2023
Sumber Pengatalogan : LibUI eng rda
ISSN : 25980807
Majalah/Jurnal : Jurnal Perencanaan Pembangunan
Volume : Vol. 7 No. 1, April 2023 Hal. 138-160
Tipe Konten : text
Tipe Media : unmediated
Tipe Carrier : volume
Akses Elektronik : https://doi.org/10.36574/jpp.v7i1.443
Institusi Pemilik : Universitas Indonesia
Lokasi : Perpustakaan UI, Lantai 4 R. Koleksi Jurnal
  • Ketersediaan
  • Ulasan
No. Panggil No. Barkod Ketersediaan
330 JPP 7:1 (2023) 08-23-46531806 TERSEDIA
Ulasan:
Tidak ada ulasan pada koleksi ini: 9999920536229