Public Procurement Contract Value Nearly Halved in Q1-Q3
The value of public procurements in Hungary fell 47% year-on-year to HUF 1.93 trillion in Q1-Q3, a report published by the Public Procurement Authority shows, news agency MTI writes.
The number of public procurement procedures edged down 3% to 5,740 during the period.
Construction contracts accounted for 32% of the value of public procurements and goods for 37%. Services made up 31% of the total.
The value of construction contracts plunged to HUF 620 billion from HUF 2.251 tln in the base period.
Microbusinesses and SMEs won 68% of contracts in terms of value and 84% in terms of numbers, the report shows.
The share of single-bid procedures was 6% for contracts with values under the threshold for inclusion in the EU's tender system and 23% for contracts with values over the threshold. Those ratios were higher, 8% and 30%, respectively, applying the EU's methodology which takes into account a narrower range of contracts.
The number of negotiated procedures stood at 165 in Q1-Q3, little changed from the 164 in the base period.
The number of bids in public procurement procedures averaged 7.8 in Q1-Q3.
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