Public Procurement of Innovation: Selection of the Sustainable Alternative

The European Union has been highly emphasising the role of public procurement for innovation as a policy instrument that can be used to stimulate sustainable development. This development reflects and responds to improvements in social welfare, growth of entrepreneurship and of national competitive...

Full description

Bibliographic Details
Main Authors: Babica Viktorija, Sceulovs Deniss
Format: Article
Language:English
Published: Sciendo 2019-01-01
Series:Economics and Business
Subjects:
Online Access:https://doi.org/10.2478/eb-2019-0017
Description
Summary:The European Union has been highly emphasising the role of public procurement for innovation as a policy instrument that can be used to stimulate sustainable development. This development reflects and responds to improvements in social welfare, growth of entrepreneurship and of national competitive advantage. In the process of selection, the awarding tender public procurement institutions lack an overall approach for choosing the most advantageous and sustainable innovation alternative. To contribute purchasing of innovative solutions, the present paper elaborates a framework of innovation measurement and quality evaluation. Thus, it makes possible to assess proposals from different aspects and to choose the most valuable offer notwithstanding the lowest price criteria.
ISSN:1407-7337
2256-0394