Competitiveness in Slovak and Czech Public Procurement and its Effect on the Final Price
Competitiveness in Slovak and Czech Public Procurement and its Effect on the Final Price
Author(s): Matúš GREGA, Juraj Nemec
Subject(s): Business Economy / Management, Comparative politics, Evaluation research
Published by: Masarykova univerzita nakladatelství
Keywords: public procurement; competitiveness; savings; final price;
Summary/Abstract: Public expenditures via public procurement accounts for a significant percentage of GDP - around 15 %. Most authors agree that there is an inversely proportional relation between competitiveness and the final price of the public procurement (Kuhlman and Johnson, 1983; Brannman, 1987; Rose-Akerman, 1999; Gupta, 2002; Pavel, 2010; and many others). According to some authors, price decreases caused by increasing competitiveness stop when there are 6-8 participating competitors and they describe this point as fully competitive procurement. When full competitiveness is reached, subsequent additional competitors have only a minimal or no impact on the final procurement price.
Book: European Financial Systems 2015: Proceedings of the 12th International Scientific Conference
- Page Range: 143-150
- Page Count: 8
- Publication Year: 2015
- Language: English
- Content File-PDF