This paper USES the game theory to study the reason why tenders choose the lowest price bidder's in the course of project bid invitation and bidding.

用博弈论分析了在招投标过程中招标人选择报价最低投标人的原因。

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The results shows that the 2009th edition appraised lowest-price in Xiamen is belong to the average-bid method, does not belong to the lowest-price tendering.

研究结果表明，厦门市2009版的经评审最低投标价法已不属于最低价中标法，而是平均价中标法的一种。

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Lowest bid price method, value and function system analysis method were mostly used in evaluation of bid.

目前评标中最常用的方法有两种，即经过评审的最低投标价法和综合评估法。

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They left out works put up for auction that failed to fetch their reserve price the auctioneer's lowest acceptable bid for the work.

ECONOMIST: The art market

Mr Kerr said tendering for the provision of public services has moved on from the days when the lowest bid would win to a position now where both price and quality were given equal consideration.

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