Determining abnormally lDetermining abnormally low price in procurement: the case of Ukraine

Anton Shmihel, Daryna Pustovoit, Kostiantyn Zahorulko and Oleksandra Chmel ()
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Oleksandra Chmel: Kyiv School of Economics

Modern Economic Studies, 2019, vol. 2, issue 1, 45-80

Abstract: Cases of abnormal decreases in auction prices within the Prozorro system draw attention of researchers and reformators. This work is aimed at determination of abnormally low price within the procurement system of Ukraine and development of methodology and recommendation on prevention of negative consequences caused by the abnormally low price. The maximum bidding step (according to the methodology of the World Bank for definition of abnormally low prices) was established for two auction groups: with two and more participants, and also three and more participants based on logit and linear regressions. In addition, authors defined (according to CPV codes) sectors (according to CPV codes) with the highest likelihood of abnormal low prices.

Keywords: public procurement; Prozorro; abnormally low price (search for similar items in EconPapers)
JEL-codes: C57 D44 H57 (search for similar items in EconPapers)
Date: 2019
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