Risks in Public Procurement

• Author: Lucica Sintea (Anghel)
• Position: University of Craiova, Andrei Saguna University of Constanta
• Pages: 47-51

Law, Society & Organisations

Volume I, Issue 1 (1) / 2016

47

Lucica SINTEA (ANGHEL)

University of Craiova

Andrei Saguna University of Constanta

RISKS IN PUBLIC PROCUREMENT

K

eywords

Procurement,

Risks,

Procedures,

Contracting units,

Bidders

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.

JEL Classification: G20, M10, M40, M50