Risk management based on the best value approach and its application in conditions of the Czech Republic
This study focuses on the issue of the best value approach (BVA) method in the public procurement and on the European experience with the implementation of the BVA method, with a focus on the use of this method in the Czech Republic. The key topic here is the effort to manage the risks of the constr...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
De Gruyter
2023-06-01
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| Series: | Open Engineering |
| Subjects: | |
| Online Access: | https://doi.org/10.1515/eng-2022-0438 |
| _version_ | 1797806243773939712 |
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| author | Marvan Petr Hromádka Vít Vítková Eva |
| author_facet | Marvan Petr Hromádka Vít Vítková Eva |
| author_sort | Marvan Petr |
| collection | DOAJ |
| description | This study focuses on the issue of the best value approach (BVA) method in the public procurement and on the European experience with the implementation of the BVA method, with a focus on the use of this method in the Czech Republic. The key topic here is the effort to manage the risks of the construction project already at the stage of preparation and tender for suppliers of construction works or services, namely, for public contracts evaluated through the BVA. The findings show that public procurement tenderers often misunderstand the concept of project risk as managerial, temporal, economic, or qualitative risk. Case studies show reserves and possibilities for improvement. The goal of the study is to provide a framework for understanding and explaining the principles and methods of evaluating a qualitative criterion in the form of the risk assessment plan. |
| first_indexed | 2024-03-13T06:04:20Z |
| format | Article |
| id | doaj.art-7f06df0f23ce40ec96f25118b7ffd99b |
| institution | Directory Open Access Journal |
| issn | 2391-5439 |
| language | English |
| last_indexed | 2024-03-13T06:04:20Z |
| publishDate | 2023-06-01 |
| publisher | De Gruyter |
| record_format | Article |
| series | Open Engineering |
| spelling | doaj.art-7f06df0f23ce40ec96f25118b7ffd99b2023-06-12T06:17:19ZengDe GruyterOpen Engineering2391-54392023-06-01131202310.1515/eng-2022-0438Risk management based on the best value approach and its application in conditions of the Czech RepublicMarvan Petr0Hromádka Vít1Vítková Eva2Faculty of Civil Engineering, Brno University of Technology, Brno, Czech RepublicFaculty of Civil Engineering, Brno University of Technology, Brno, Czech RepublicFaculty of Civil Engineering, Brno University of Technology, Brno, Czech RepublicThis study focuses on the issue of the best value approach (BVA) method in the public procurement and on the European experience with the implementation of the BVA method, with a focus on the use of this method in the Czech Republic. The key topic here is the effort to manage the risks of the construction project already at the stage of preparation and tender for suppliers of construction works or services, namely, for public contracts evaluated through the BVA. The findings show that public procurement tenderers often misunderstand the concept of project risk as managerial, temporal, economic, or qualitative risk. Case studies show reserves and possibilities for improvement. The goal of the study is to provide a framework for understanding and explaining the principles and methods of evaluating a qualitative criterion in the form of the risk assessment plan.https://doi.org/10.1515/eng-2022-0438best value approachpublic procurementrisk analysis, public orders |
| spellingShingle | Marvan Petr Hromádka Vít Vítková Eva Risk management based on the best value approach and its application in conditions of the Czech Republic Open Engineering best value approach public procurement risk analysis, public orders |
| title | Risk management based on the best value approach and its application in conditions of the Czech Republic |
| title_full | Risk management based on the best value approach and its application in conditions of the Czech Republic |
| title_fullStr | Risk management based on the best value approach and its application in conditions of the Czech Republic |
| title_full_unstemmed | Risk management based on the best value approach and its application in conditions of the Czech Republic |
| title_short | Risk management based on the best value approach and its application in conditions of the Czech Republic |
| title_sort | risk management based on the best value approach and its application in conditions of the czech republic |
| topic | best value approach public procurement risk analysis, public orders |
| url | https://doi.org/10.1515/eng-2022-0438 |
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