Figure A8.
The chart compares bid price ratios for general competitive and designated bidding categories. The horizontal axis lists identifiers for each case, while the vertical axis represents bid price ratios ranging from 0.83 to 0.97. Each section includes three series of data points showing the lowest unsuccessful bid price ratio, the winning bid ratio, and the floor price ratio. In both categories, winning bids generally lie between the floor price and the lowest unsuccessful bids. General competitive bidding shows wider variation between these ratios compared to designated bidding, indicating more dispersed competition patterns among participants.Company M-2’s bid price ratios, the lowest unsuccessful bid price ratio and the floor price ratio for pavement works in Masaki Town
Source: Author’s own work