An Empirical Analysis of Post-Contractual Behaviour in Public Works Contracts: The Czech Case as a Secondary Comparison with Slovak Republic
Abstract
The article analyzes post-contractual behavior on a sample of 200 randomly selected public works contracts, awarded in 2013, where it was possible to trace information about the final price. The study looks for factors, using an econometric model, which have a statistically significant effect on the ratio between the price actually paid and tendered price.
The findings are compared with similar studies which were prepared and based on the situation in Slovakia. The model identifies a number of bids for a statistically significant indicator having a positive effect on the relationship between the price actually paid and the tendered price.
Conversely, the difference between the estimated and actual tendered amounts, as well as the use of subcontractors are seen as factors with a negative impact.