NDLI: Identification of shareholder ethics and responsibilities in online reverse auctions for construction projects

Content Provider	Springer Nature Link
Author	Hatipkarasulu, Yilmaz Gill, James H.
Copyright Year	2004
Abstract	The increasing number of companies providing internet services and auction tools helped popularize the online reverse auction trend for purchasing commodities and services in the last decade. As a result, a number of owners, both public and private, accepted the online reverse auctions as the bidding technique for their construction projects. Owners, while trying to minimize their costs for construction projects, are also required to address their ethical responsibilities to the shareholders. In the case of online reverse auctions for construction projects, the ethical issues involved in the bidding technique directly reflects on the owner’s ethical and social responsibilities to their shareholders.The goal of this paper is to identify the shareholder ethics and responsibilities in online reverse auctions for construction projects by analyzing the ethical issues for the parties involved in the process. The identification of the ethical issues and responsibilities requires clear definition and understanding of professional ethics and the roles of the involved parties. In this paper, first, the concept of professional ethics and social responsibility is described in a general form. To illustrate the ethical issues and responsibilities, a sample case of bidding for a construction project using online reverse auction techniques is presented in which the shareholders were actively involved in questioning the ethical issues. The issues involved in the bidding process and their reflection on the shareholder responsibilities are described and analyzed for each stage of the process. A brief discussion of the overall process is also included to address the general ethical issues involved in online reverse auctions.
Starting Page	283
Ending Page	288
Page Count	6
File Format	PDF
ISSN	13533452
Journal	Science and Engineering Ethics
Volume Number	10
Issue Number	2
e-ISSN	14715546
Language	English
Publisher	Kluwer Academic Publishers
Publisher Date	2004-01-01
Publisher Place	Dordrecht
Access Restriction	Subscribed
Subject Keyword	reverse auction online bidding competitive construction bidding construction industry ethics and social responsibility Ethics Philosophy of Science Engineering Biomedical Engineering Medicine/Public Health Philosophy
Content Type	Text
Resource Type	Article
Subject	Issues, Ethics and Legal Aspects Health (social science) Management of Technology and Innovation Health Policy

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1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
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4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
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