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Risks In Public Procurement

Author

Listed:
  • Lucica SINTEA (ANGHEL)

    (University of Craiova, Andrei Saguna University of Constanta)

Abstract

Risks in public procurement, field of activity carried out by economists, can be defined as probable events that may have an undesirable impact on the results, namely that inevitably lead to the occurrence of irregularities / event which may harm the objectives of the contracting authority. Public procurement process must be oriented towards the ultimate beneficiary of public investments made or citizen so that this process must support true competition genuine leading to selection of the most effective offers, namely to achieve the best product, service or work.

Suggested Citation

  • Lucica SINTEA (ANGHEL), 2016. "Risks In Public Procurement," Law, Society & Organisations, Romanian Foundation for Business Intelligence, Editorial Department, issue 1(1), pages 47-51, November.
    • Handle: RePEc:cmj:lawsor:y:2016:i:1:47-51
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    More about this item

    Keywords

    Procurement; Risks; Procedures; Contracting units; Bidders;
    All these keywords.

    JEL classification:

    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General
    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General
    • M50 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - General

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