Public Procurement Contract Value Climbs 48% in Q1-Q3

Figures

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The value of public procurements in Hungary rose 48% year-on-year to HUF 3.629 trillion in the first three quarters of the year, albeit from a low pandemic base, a report by the Public Procurement Authority shows, state news wire MTI writes.

The number of public procurement procedures increased by 5% to 5,896.

Microbusinesses and SMEs won 49% of contracts in terms of value and 85% in terms of numbers.

Construction contracts accounted for 62% of the value of public procurements and services for 21%. Goods made up 17% of the total.

The share of single-bid procedures was both 10% for contracts with values under the threshold for inclusion in the EU's tender system and for contracts with values over the threshold. The share of single-bid contracts, in value terms, stood at 12% for those under the EU tender system inclusion threshold and 17% for those over the threshold.

Negotiated procedures accounted for under half a percent of the value of contracts not included in the EU tender system and under 3% of the value of contracts that were included.

The number of bids in public procurement procedures averaged 6.4 in Q1-Q3.

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