IDEAS home Printed from https://ideas.repec.org/a/vrs/hjobpa/v10y2019i1p16-23n2.html
   My bibliography  Save this article

Interpretation of the concept of “discount” in Technical Works Tenders

Author

Listed:
  • Metallinos Pavlos

    (School of Science and Technology, Hellenic Open University)

Abstract

The text deals with the concept of the discount submitted by a candidate contractor tendering for a public works project. In accordance with prevailing conceptions, the quantity of the discount is perceived as being the amount of monetary compensation the candidate building contractor is willing to forgo for the sake of emerging as the winner of the tender. The text argues on the contrary that the discount is an objectively measurable magnitude. Specifically it is equal to the algebraic difference of the absolute surplus value that could be appropriated by the public works contractor minus the quantity of relative surplus value by virtue of which he is able to recoup the amount of discount submitted in the tender.

Suggested Citation

  • Metallinos Pavlos, 2019. "Interpretation of the concept of “discount” in Technical Works Tenders," HOLISTICA – Journal of Business and Public Administration, Sciendo, vol. 10(1), pages 16-23, April.
    • Handle: RePEc:vrs:hjobpa:v:10:y:2019:i:1:p:16-23:n:2
    DOI: 10.2478/hjbpa-2019-0002
    as

    Download full text from publisher

    File URL: https://doi.org/10.2478/hjbpa-2019-0002
    Download Restriction: no
    File URL: https://libkey.io/10.2478/hjbpa-2019-0002?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
    ---><---

    More about this item

    Keywords

    Discount; Public Works; Surplus value; contract;
    All these keywords.

    JEL classification:

    • H3 - Public Economics - - Fiscal Policies and Behavior of Economic Agents
    • H4 - Public Economics - - Publicly Provided Goods
    • P4 - Political Economy and Comparative Economic Systems - - Other Economic Systems

    Statistics

    Access and download statistics

    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:vrs:hjobpa:v:10:y:2019:i:1:p:16-23:n:2. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Peter Golla (email available below). General contact details of provider: https://www.sciendo.com .

    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.