RISKS IN PUBLIC PROCUREMENT

Lucica SINTEA (anghel)
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Lucica SINTEA (anghel): University of Craiova, Andrei Saguna University of Constanta

Law, Society & Organisations, 2016, issue 1(1), 47-51

Abstract: Risks in public procurement, field of activity carried out by economists, can be defined as probable events that may have an undesirable impact on the results, namely that inevitably lead to the occurrence of irregularities / event which may harm the objectives of the contracting authority. Public procurement process must be oriented towards the ultimate beneficiary of public investments made or citizen so that this process must support true competition genuine leading to selection of the most effective offers, namely to achieve the best product, service or work.

Keywords: Procurement; Risks; Procedures; Contracting units; Bidders (search for similar items in EconPapers)
JEL-codes: G20 M10 M40 M50 (search for similar items in EconPapers)
Date: 2016
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