Publication detail

Risk management based on the best value approach and its application in conditions of the Czech Republic

MARVAN, P. HROMÁDKA, V. VÍTKOVÁ, E.

Original Title

Risk management based on the best value approach and its application in conditions of the Czech Republic

Type

journal article in Web of Science

Language

English

Original Abstract

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.

Keywords

best value approach; public procurement; risk analysis, public orders

Authors

MARVAN, P.; HROMÁDKA, V.; VÍTKOVÁ, E.

Released

9. 6. 2023

Publisher

De Gruyter

Location

Polsko

ISBN

2391-5439

Periodical

Open Engineering

Year of study

13

Number

1

State

Republic of Poland

Pages from

1

Pages to

12

Pages count

12

URL

https://www.degruyter.com/document/doi/10.1515/eng-2022-0438/html

Full text in the Digital Library

http://hdl.handle.net/11012/213657

BibTex

@article{BUT183745,
  author="Petr {Marvan} and Vít {Hromádka} and Eva {Vítková}",
  title="Risk management based on the best value approach and its application in conditions of the Czech Republic",
  journal="Open Engineering",
  year="2023",
  volume="13",
  number="1",
  pages="1--12",
  doi="10.1515/eng-2022-0438",
  issn="2391-5439",
  url="https://www.degruyter.com/document/doi/10.1515/eng-2022-0438/html"
}