- Business News in English

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Public contracts volume fell by 10 percent in 2013

During 11 months in 2013, firms were awarded public contracts by the state worth CZK 218.5bn in total, i.e. 11.9% less in a year-on-year comparison. If the impact of Public Procurement Law amendment from April 2012 was ignored, the drop would be even higher, 14.9%. Tender prices also decreased in 2013 while the difference between expected and final prices increased considerably. The latest figures indicate that, compared to expected values, realization prices were 26% lower on average.


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