Public Procurement Contract Value Nearly Halved in Q1
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.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
