<abstract xmlns="http://www.w3.org/1999/xhtml"><p>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.</p></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.

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

HOLISTICA – Journal of Business and Public Administration

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

{"article-title":"Interpretation of the concept of \u201cdiscount\u201d in Technical Works Tenders"}

The text deals with the concept of the discount submitted by a candidate contractor tendering for a public works project. In accordance with prevailing...

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

Published Online: Mar 28, 2019

Page range: 16 - 23

DOI: https://doi.org/10.2478/hjbpa-2019-0002

Keywords
Discount, Public Works, Surplus value, contract

© 2019 Pavlos Metallinos, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

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

Published Online: Mar 28, 2019

Page range: 16 - 23

DOI: https://doi.org/10.2478/hjbpa-2019-0002

KeywordsDiscount, Public Works, Surplus value, contract

© 2019 Pavlos Metallinos, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Keywords
Discount, Public Works, Surplus value, contract