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

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

Open Access
|Mar 2019

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.

DOI: https://doi.org/10.2478/hjbpa-2019-0002 | Journal eISSN: 2067-9785 | Journal ISSN: 2457-5720
Language: English
Page range: 16 - 23
Published on: Mar 28, 2019
Published by: Association Holistic Research Academic (Hora)
In partnership with: Paradigm Publishing Services
Publication frequency: 3 issues per year

© 2019 Pavlos Metallinos, published by Association Holistic Research Academic (Hora)
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.