Modern economics in the context of security: efficient use of funds and reduction of risks as one of the aims of public procurement

Džeina Gaile (), Vladas Tumalavičius (), Vladas Tumalavičius (), Una Skrastiņa () and Jānis Načiščionis ()
Additional contact information
Džeina Gaile: Turiba University, Latvia
Vladas Tumalavičius: General Jonas Žemaitis Military Academy of Lithuania, Lithuania
Vladas Tumalavičius: Daugavpils University, Latvia
Una Skrastiņa: Turiba University, Latvia
Jānis Načiščionis: Turiba University, Latvia

Entrepreneurship and Sustainability Issues, 2020, vol. 8, issue 1, 49-59

Abstract: The purpose of this research is to analyse efficient use of contracting authority funds and reduction of its risks. Since all legal norms should be understood in the light of the aims of the law, this aim, together with others, is important in the interpretation of the Public Procurement Law. To interpret the aim correctly, it is important to understand its origins, history, how it is further reflected in law and how it is applied in practice. Therefore, authors analyse all those aspects using historical, descriptive, dogmatic and analytical research methods. Understanding of this principle is important in practice since it should be applied together with other principles, for example, equal treatment of tenderers and transparency, but it sometimes can even contradict them. Therefore, lack of understanding of this aim can lead to incorrect application of law. There is no publicly available research on this topic and, as one of the aims of the law, it is further developed and applied in practice. It is important for contracting authorities and tenderers to understand the meaning, possibilities and limitations of this principle. Therefore, this research is both original and practically applicable. As a result of the study, readers can gain more insight into the impact of this aim on public procurement.

Keywords: public procurement; aims; efficiency; principles; risks (search for similar items in EconPapers)
JEL-codes: H57 K23 (search for similar items in EconPapers)
Date: 2020
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
https://jssidoi.org/jesi/uploads/articles/29/Gaile ... blic_procurement.pdf (application/pdf)
https://jssidoi.org/jesi/article/604 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ssi:jouesi:v:8:y:2020:i:1:p:49-59

DOI: 10.9770/jesi.2020.8.1(4)

Access Statistics for this article

Entrepreneurship and Sustainability Issues is currently edited by Manuela Tvaronaviciene

More articles in Entrepreneurship and Sustainability Issues from VsI Entrepreneurship and Sustainability Center
Bibliographic data for series maintained by Manuela Tvaronaviciene ().