THE CONCEPT OF ABNORMALLY LOW TENDERS AND ROMANIAN PUBLIC PROCUREMENT: A PRACTITIONER’S PERSPECTIVE

Gratian Urechiatu-Burian and Violeta Simionescu

FIAT IUSTITIA, 2016, vol. 10, issue 2, 256-271

Abstract: The concept of Abnormally Low Tenders (ALTs) is a relevant issue at the practical level in public procurement. This paper examines the need for a rigorous approach in the practice of detection, analysing and making a decision on ALTs, both at the level of process and content related dimensions of the concept. Within the frame of the new legislation governing Public Procurement in Romania, an interdisciplinary approach is identified as required in the practice of ALTs: understanding and applying legal requirements is equally important as understanding economics in assessing a tender as abnormally low.

Keywords: Romanian Public Procurement practice; abnormally low tenders; public procurement directives (search for similar items in EconPapers)
JEL-codes: H57 J0 K0 K10 K40 (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:dcu:journl:v:10:y:2016:i:2:p:256-271

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