Public Procurement Contract Value Nearly Halved in Q1

Figures

The value of public procurements in Hungary reached HUF 704 billion in the first quarter, falling 49% from a high base in the same period a year earlier, news agency MTI writes, citing a report by the Public Procurement Authority.

The number of public procurement procedures decreased by 12% to 1,702.

Microbusinesses and SMEs won 65% of contracts in terms of value and 81% in terms of numbers.

Construction contracts accounted for 30% of the value of public procurements and services for 36%. Goods made up 34% of the total.

The share of single-bid procedures was 6% for contracts with values under the threshold for inclusion in the EU's tender system and 21% for contracts with values over the threshold. The share of single-bid contracts, in value terms, stood at 8% for those under the EU tender system inclusion threshold and 30% for those over the threshold.

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

The number of bids in public procurement procedures averaged 7.4 in the first quarter.

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