An Empirical Analysis of Post-Contractual Behaviour in Public Works Contracts
An Empirical Analysis of Post-Contractual Behaviour in Public Works Contracts
The Czech Case as a Secondary Comparison with the Slovak Republic
Author(s): Martin Schmidt, František Ochrana, Michal Plaček, Michal PůčekSubject(s): Economy, Labor relations, Public Finances, Human Resources in Economy
Published by: Ekonomický ústav SAV a Prognostický ústav SAV
Keywords: public procurement; post contractual behaviour; efficiency;
Summary/Abstract: The article analyzes post-contractual behavior on a sample of 200 randomly selected public works contracts, awarded in 2013, where it was possible to trace information about the final price. The study looks for factors, which have a statistically significant effect on the ratio between the actually paid price and tendered price. The findings are compared with similar studies in Slovakia. The model identifies a number of bids for a statistically significant indicator having a positive effect on the relationship between the actually paid price and the tendered price. Conversely, the ratio between the estimated and actual tendered amounts, as well as the use of subcontractors are seen as factors with a negative impact.
Journal: Ekonomický časopis
- Issue Year: 63/2016
- Issue No: 06
- Page Range: 501-518
- Page Count: 18
- Language: English