Based On The Risk Of Information Asymmetry Case Tenderee Equilibrium Theory Analysis

Since China’s accession to the WTO, construction fierce competition and challengesaccordingly. In the project construction process, played an important role in bidding, thebidding is the key to construction project transfer from invisible to visible joints, a processis to get rid of a negative factors one by one. Practice proves that the project bidding andrisk management is consistent, in risk management, bidding is a key link of theconstruction project bidding, bidding behavior is a typical game action. The purpose of thetenderee, is wants to cut the construction cost of the product quality is high, rationalizationproject anticipated target achieved, and the purpose of the bidder, is to maximize their owninterests as much as possible. However, from the beginning of the project bidding stage,information asymmetry occurs between the tenderee and the bidder. In the project biddingprocess, because there is asymmetric information between project subject, therefore in theprocess of game, both bidding sides can completely control the outcome of the choicebehavior, also make the realization of the target itself there are many uncertainties.Therefore, information asymmetry is the direct cause of the project risk. In the process ofbidding, especially the inviting party, relative to the tenderer can grasp information isrelatively limited, in the information disadvantage status, caused the inviting party exist incontrast are more potential risk. From the perspective of tenderee, in order to in the projectimplementation stage to avoid and reduce some unnecessary loss and achieve expected goal,the key is in the bidding stage for the identification of potential risk factors. So can get, inthe process of bidding information asymmetry environment, a pressing task of invitingparty is the embodiment of the root causes of project risk and risk awareness and estimates,and uses the means of game analysis, in order to have targeted for risk prevention.In this paper, combining the reality of our bidding at present construction market andthe problems existing in the bidding process, in view of the present bidding informationasymmetry in the process of case, the inviting party a information disadvantage situation,systematically analyzes the possible risk to the tenderee and research. Idea is using theinformation asymmetry theory and game theory in the process of bidding behaviors ofin-depth analysis, concluded that the embodiment of the inviting party the root causes ofrisk, risk and risk the consequences. Detailed analysis and discussion on the bidding underthe asymmetric information environment in the process of bidding, the game relationbetween both sides, both sides are established under the condition of informationasymmetry of the one-time static game model, and puts forward the main correspondingrisk prevention measures in the bidding process. In the bidding process, thus to the tendereeto complete goals and have certain effect weakened and avoid risk, also for the futuredecision makers in the process of bidding risk issues related to provide reference andreference.