Random coefficient at bidding

from mechanism design

Angle Tsukuba Mayor’s Election 5 Auditor’s Opinion on Bid: “You don’t know what you’re doing!” []

Random coefficient at bidding https://twitter.com/maeda/status/1317268730934562816?s=21

maeda: “In September this year, the City Auditor asked for a review of the “random coefficient” that Tsukuba City has introduced when bidding for public works projects. The opinion was issued.”…Cue the mechanism design experts? / “Angle Tsukuba Mayor’s Election 5 Audit Commissioners Opinion on Bidding: “You don’t know anything!"" htn.to/3atT8DQBmJ

• maeda: “At the time, Tsukuba City saw a sharp increase in the number of projects bidding at exactly the same amount as the minimum price… “The construction cost Some of the unit prices were not published by the prefecture, and to match tens of millions of yen in construction costs exactly to the tens of thousands was almost a divine feat.”

• maeda: “In September of this year, two years after the introduction of the random coefficient, the auditor reported that “there have been cases where the successful bidder was not selected in the first bidding round (due to the introduction of the random coefficient). Since there have been reports of cases where no bidders were selected in the first round (due to the introduction of the random factor), which has increased the administrative workload and affected the construction schedule, we would like to see proactive consideration of improvements in effective bidding methods.”

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