Specific procurement procedures – sources of risk in the management of Structural Funds in Romania

Dumitru Badea and Ciprian Nicolae
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Dumitru Badea: Bucharest University of Economic Studies, Romania
Ciprian Nicolae: Bucharest University of Economic Studies, Romania

Theoretical and Applied Economics, 2015, vol. XXII, issue Special(II), 35-44

Abstract: Grants management system in Romania is a complex one, requiring a large amount of resources and regulations, but also flexible procedures for planning, evaluation, contracting, monitoring, control and audit. Risk management is also a key issue as the authorities have the mission to efficiently use the public resources. The current risk procedures used in the public sector in Romania proved to be only theoretical and need improvement, including consideration, analysis and action regarding the public procurement related risks. Almost yearly legislative modifications lead to new major risks, which impacted with financial correction established by the EU to Romania.

Keywords: Risk management; procurement procedures; grants; structural funds. (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:agr:journl:v:xxii:y:2015:i:special(ii):p:35-44

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