Analysis of Factors of Overpricing in Public Procurement: A Study for Low-Performing EU Countries

Abstract

In economic terms, public procurement is understood as a way of allocating resources in the public sector as part of the economic system. The reasons for the existence of public contracts arerelated to the fulfillment oftherole of the state.

Economically developed countries are so-called mixed economies, where there are concurrently private and public sector entities. In doing so, the public sector has a significant impact on all economic processes.

Keywords

• Public Procurement
• Overpricing in Public Procurement
• Low-Performing
• Countries.