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Addressing Offers with Apparently Unusual Low Prices

Author

Listed:
  • Andrei Mirel FLOREA

    (Dunarea de Jos University of Galati, Romania)

  • Riana Iren RADU

    (Dunarea de Jos University of Galati, Romania)

  • Silvius STANCIU

    (Dunarea de Jos University of Galati, Romania)

Abstract

Through Public Procurement, the Contracting Authorities aim at obtaining products, works or services. Starting from identifying the necessity, a series of procedures are followed for its satisfaction. Considering the complexity of the procurement process, the desired result will not appear in case certain stages are bypassed. These omissions can have repercussions on the offered price when either the Contracting Authority did not explain sufficiently clear in the awarding documentation the need or it did not assess it adequately, as well as when the Tenderer did not completely understand the complexity of the requested work / service / product. In these conditions, the present study aims at analyzing from the point of view of both parties the problems related to the unusually low price estimated by the Contracting Authority or proposed by the Tenderer for services and its influence on the quality of the provided services.

Suggested Citation

  • Andrei Mirel FLOREA & Riana Iren RADU & Silvius STANCIU, 2019. "Addressing Offers with Apparently Unusual Low Prices," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 3, pages 28-36.
    • Handle: RePEc:ddj:fseeai:y:2019:i:3:p:28-36
    DOI: https://doi.org/10.35219/eai1584040952
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    References listed on IDEAS

    as
    1. Julien Chicot & Mireille Matt, 2018. "Public procurement of innovation: a review of rationales, designs, and contributions to grand challenges," Science and Public Policy, Oxford University Press, vol. 45(4), pages 480-492.
    2. Vargo, Stephen L. & Koskela-Huotari, Kaisa & Baron, Steve & Edvardsson, Bo & Reynoso, Javier & Colurcio, Maria, 2017. "A systems perspective on markets – Toward a research agenda," Journal of Business Research, Elsevier, vol. 79(C), pages 260-268.
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