WSEAS Transactions on Business and Economics
Print ISSN: 1109-9526, E-ISSN: 2224-2899
Volume 13, 2016
Price of Public Contract and Dependence on Estimated Value of Public Contract
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Abstract: This paper is dealing with the one problem of public procurement (determination of final price). The paper contains the analyses of differences between the estimated value of public contract and its tendered (or final) price. This fact surfaces that in some cases due to an inaccurately estimated price of the public contract were such public contracts awarded within a different type of an award procedure than was needed due to the public contract Law in European countries or due to the European Directives. The Subject of analysis in relation to different type of contract: supply, services and works contracts and type of supplier (its business policy and its size - bigger and smaller suppliers). There were evaluated these described relations: estimated value of contract, price and factor for critical assessment. In this study the authors defined regression model of variables mentioned. This relation is important for indication if economic competition is effective and transparent.
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Keywords: final price of public contracts, public contracts, estimated value of public contracts, suppliers, small and medium size enterprises
Pages: 54-63
WSEAS Transactions on Business and Economics, ISSN / E-ISSN: 1109-9526 / 2224-2899, Volume 13, 2016, Art. #6