My research project aims at identifying contractual mechanisms which reduce risk premiums and transactional costs in public procurement of complex construction contracts.
In order to identify contractual mechanisms which appears to reduce risk and transactional costs I conduct several case studies in which I apply law and economics theories to make an evaluation of risk and transaction costs in the procurement process and in the resulting contract.
Further, the intention is to investigate if the procedure competitive dialogue can be used in order to reduce asymmetric information between a procuring authority and bidders, in order to reduce transaction costs and risk premiums due to asymmetry.
The purpose is to identify public procurement and contract solutions which decrease costs associated with the procurement of construction projects.
I am a research student at the Division of Construction Management, Faculty of Engineering, Lund University, Sweden.