SELECTED FACTORS DETERMINING THE PERFORMANCE OF THE CZECH PUBLIC PROCUREMENT SYSTEM

Marketa Sumpikova (), Juraj Nemec (), Marta Orviska () and Matúš Grega ()
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Marketa Sumpikova: Unicorn College
Juraj Nemec: Faculty of Economics and Administration, Masaryk University
Marta Orviska: Faculty of Economics, University of Matej Bel
Matúš Grega: Faculty of Economics, University of Matej Bel

CBU International Conference Proceedings, 2015, vol. 3, issue 0, 242-247

Abstract: Public procurement today represents approximately 15% of governmental expenditure in developed countries and an area with high potential for continual improvement, especially for countries with transitional economies. This article investigates competitiveness and the selection method, which are two factors of many identified, such as from studies of Transparency International or the Charles University, that relate to the limited results of procurement procedures under Czech Republic conditions. Our study identified important weaknesses in the Czech public procurement process for future reforms to consider.

Keywords: public financeefficiency; effectiveness; competition; public procurement; public procurement law (search for similar items in EconPapers)
JEL-codes: H50 H57 (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:aad:iseicj:v:3:y:2015:i:0:p:242-247

DOI: 10.12955/cbup.v3.608

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