IDEAS home Printed from https://ideas.repec.org/a/prg/jnlaip/v2020y2020i2id139p170-183.html
   My bibliography  Save this article

The Process of Unit Price Extraction from Public Sector Contracts

Author

Listed:
  • Tomáš Bruckner
  • Filip Vencovský

Abstract

Czech government institutions commissioned a research on extracting usual unit prices from public IT contracts to aid future public tender sizing. The goal of the project is to obtain millions of contracts from the public register, convert them to full text, extract unit prices from the text and publish a pricelist of IT industry manday prices. This paper designs the process and method of price extraction, demonstrates and evaluates the result on five iterations of extraction and discusses the experience of two years of project performance. The process is designed as a set of repeatable workflows and specified activity and role description. The method is designed as a combination of automated and manual actions. Due to the format and content variability of involved documents and the low mistake tolerance, the possibility of automated extraction of unit prices from full text contract is limited, and human workforce for validation is crucial.

Suggested Citation

  • Tomáš Bruckner & Filip Vencovský, 2020. "The Process of Unit Price Extraction from Public Sector Contracts," Acta Informatica Pragensia, Prague University of Economics and Business, vol. 2020(2), pages 170-183.
    • Handle: RePEc:prg:jnlaip:v:2020:y:2020:i:2:id:139:p:170-183
    DOI: 10.18267/j.aip.139
    as

    Download full text from publisher

    File URL: http://aip.vse.cz/doi/10.18267/j.aip.139.html
    Download Restriction: free of charge
    File URL: http://aip.vse.cz/doi/10.18267/j.aip.139.pdf
    Download Restriction: free of charge
    File URL: https://libkey.io/10.18267/j.aip.139?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Ajibade Ayodeji Aibinu & Thomas Pasco, 2008. "The accuracy of pre-tender building cost estimates in Australia," Construction Management and Economics, Taylor & Francis Journals, vol. 26(12), pages 1257-1269.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Miranda Sarmento, J.J. & Renneboog, Luc, 2017. "Cost overruns in public sector investment projects," Other publications TiSEM 51799a3e-4c78-4dbd-b330-b, Tilburg University, School of Economics and Management.
    2. Igor Peško & Vladimir Mučenski & Miloš Šešlija & Nebojša Radović & Aleksandra Vujkov & Dragana Bibić & Milena Krklješ, 2017. "Estimation of Costs and Durations of Construction of Urban Roads Using ANN and SVM," Complexity, Hindawi, vol. 2017, pages 1-13, December.
    3. Cezar SIMION-MELINTE, 2016. "Factors Influencing The Choice Of Cost Estimates Types And The Accuracy Of Estimates For Construction Projects," Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 10(1), pages 50-56, November.
    4. Miranda Sarmento, J.J., 2014. "Public private partnerships," Other publications TiSEM c7d4c978-234c-4f88-83ed-1, Tilburg University, School of Economics and Management.
    5. Tomáš Bruckner & Filip Vencovský, . "The Process of Unit Price Extraction from Public Sector Contracts," Acta Informatica Pragensia, Prague University of Economics and Business, vol. 0.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:prg:jnlaip:v:2020:y:2020:i:2:id:139:p:170-183. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Stanislav Vojir (email available below). General contact details of provider: https://edirc.repec.org/data/uevsecz.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.