Imbalance of contractual relations in construction for small-scale public contracts in Czechia

Vladislav ?ehá?ek ()
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Vladislav ?ehá?ek: ?VUT

No 13215686, Proceedings of Economics and Finance Conferences from International Institute of Social and Economic Sciences

Abstract: Small-scale public contracts in Czechia have imbalanced contractual relations, especially when we compare big and small enterprises. Small enterprises often face ?take it or leave it? situations, because they either can not compete with the big enterprises, they can not fulfill the expectations of the investor, or they simply are not ready for the higher risks. This paperis split into several parts ? in the first part we define what public contracts even are and how they work in Czechia specifically. The second part is about the risks and difficulties small enterprises face when competing with the big ones for contracts. In the final part of this paper we will learn about the current situation in Czechia, how the market changed in recent years, and what should be done in order to make the contract more fair and worthwhile for both sides.

Keywords: public contract; contractual relation; construction; Czechia; risks; difficulties; LCC (search for similar items in EconPapers)
JEL-codes: D24 L74 (search for similar items in EconPapers)
Pages: 9 pages
Date: 2022-10
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Published in Proceedings of the Proceedings of the 17th Economics & Finance Conference, Istanbul, Oct 2022, pages 225-233

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Persistent link: https://EconPapers.repec.org/RePEc:sek:iefpro:13215686

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