Public procurement contract value climbs to HUF 4.222 tln in 2021

Figures

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The value of public procurement contracts in Hungary rose 23% to HUF 4.222 trillion last year, state news wire MTI writes, citing an annual report by the Public Procurement Authority.

The number of public procurement procedures edged up 3% to 7,676.

Construction investments accounted for 62.4% of contract value or HUF 2.637 tln. Contracts for services made up 20.5% of the total and orders for goods 17.1%.

The authority noted that the value of construction contracts rose 56.7% from 2020, when pandemic restrictions weighed.

The report shows that SMEs accounted for 59.7% of the value of public procurement contracts in 2021.

The share of public procurement procedures with a single bidder stood at 19.5% in 2021, edging up from 19% in 2020. The value of single-bidder contracts stood at 8.5% of the total with a value under the threshold requiring them to be posted in the European Union's tender system. The share of single-bidder among contracts with values over the threshold reached 14.3%.

Just 260 negotiated procedures were called in 2021. The authority said the share of negotiated procedures was "average" in European Union comparison, citing European Commission data that put the rate in Hungary on par with rates in Poland, Denmark, and Germany.

The share of the value of negotiated procedure contracts within those with a value threshold requiring inclusion in the EU's tender system was 2.4% in 2021.

On average, 6.7 bids were submitted in public procurement procedures last year, close to the 6.2 eleven-year average.

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