Abstract:The analysis of the core content of Vickrey theory shows that the Vickery theory can effectively solve the problem of commodity auction under information asymmetry. After applying Vickery theory in construction bidding, “the second price bid evaluation method” is promoted. Defined the price of bidder A is “B”, the real price of project is “Z”, three strategies of bidder under “the second price bid evaluation method” is discussed: ① B>Z;② B