Reforming China’s “Open Bidding for Selecting the Best Candidates” Mechanism: Insights from Jiangsu Province

The “Open Bidding for Selecting the Best Candidates” (OBSBC) mechanism is a key strategy for addressing major scientific and technological projects by pooling innovation resources and reforming science and technology management through project solicitation, list publication, demonstration, bid submission, and evaluation. This paper examines its application in Jiangsu Province, highlighting its success in fostering technological innovation, industrial transformation, and global competitiveness. It also identifies issues such as unreasonable pricing, insufficient information disclosure, and a lack of risk-sharing and failure compensation mechanisms. The article suggests strategies to enhance the OBSBC mechanism by refining project screening and publication, strengthening project implementation, improving evaluation and rewards, and fostering a collaborative research ecosystem. The goal is to offer guidance for nationwide development.