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Public procurement transaction costs: a country-level assessment

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  • Olga Balaeva
  • Andrei Yakovlev
  • Yuliya Rodionova
  • Daniil Esaulov

Abstract

The survey-based approach to the evaluation of public procurement costs described in this paper can be used by other countries and regions. Although the average overall transaction costs for public procurements in the case study country amounted to about 1% of the total value of concluded contracts, this figure was 6.6% to 8.1% for small purchases. This figure exceeds the budget saving from competitive procurement and calls for a need to simplify regulations around smaller procurements. This analysis of the procurement costs on Russian data will allow other developing countries to avoid the mistakes made in Russia, as well providing a way to realistically and affordably measure their procurement transaction costs.

Suggested Citation

  • Olga Balaeva & Andrei Yakovlev & Yuliya Rodionova & Daniil Esaulov, 2022. "Public procurement transaction costs: a country-level assessment," Public Money & Management, Taylor & Francis Journals, vol. 42(3), pages 181-190, April.
    • Handle: RePEc:taf:pubmmg:v:42:y:2022:i:3:p:181-190
    DOI: 10.1080/09540962.2020.1831170
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