Public Sector Procurement of Construction Services: A Review of Global Best Practices, Low Bid Models and Prequalification – July 2012
The market for construction services in Ontario is competitive and market pressures should create the optimum result in terms of economic efficiency. However some elements of the current public sector procurement procedures do not yield optimal results because they do not consider carefully enough the unseen costs of their bidding procedures and the results that accrue from them. The three papers from the University of Toronto look in depth at this issue and point to directions that can address these shortcomings.