IDEAS home Printed from https://ideas.repec.org/p/sek/iefpro/13215686.html
   My bibliography  Save this paper

Imbalance of contractual relations in construction for small-scale public contracts in Czechia

Author

Listed:
  • Vladislav ?ehá?ek

    (?VUT)

Abstract

Small-scale public contracts in Czechia have imbalanced contractual relations, especially when we compare big and small enterprises. Small enterprises often face ?take it or leave it? situations, because they either can not compete with the big enterprises, they can not fulfill the expectations of the investor, or they simply are not ready for the higher risks. This paperis split into several parts ? in the first part we define what public contracts even are and how they work in Czechia specifically. The second part is about the risks and difficulties small enterprises face when competing with the big ones for contracts. In the final part of this paper we will learn about the current situation in Czechia, how the market changed in recent years, and what should be done in order to make the contract more fair and worthwhile for both sides.

Suggested Citation

  • Vladislav ?ehá?ek, 2022. "Imbalance of contractual relations in construction for small-scale public contracts in Czechia," Proceedings of Economics and Finance Conferences 13215686, International Institute of Social and Economic Sciences.
    • Handle: RePEc:sek:iefpro:13215686
    as

    Download full text from publisher

    File URL: https://iises.net/proceedings/17th-economics-finance-conference-istanbul/table-of-content/detail?cid=132&iid=018&rid=15686
    File Function: First version, 2022
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    public contract; contractual relation; construction; Czechia; risks; difficulties; LCC;
    All these keywords.

    JEL classification:

    • L74 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Construction
    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sek:iefpro:13215686. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Klara Cermakova (email available below). General contact details of provider: https://iises.net/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.