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The Analysis of Risk Factors of the Supplier at the Conclusion of Government Contract

Author

Listed:
  • Marat R. Zembatov

    (Financial Research Institute, Moscow 127006, Russia)

Abstract

This article describes development problems of a formalized method for determining the presence of counterparty risk factors. This method can be used as an unbiased feature that allows to predict and prevent the risk of conditions for unreasonable growth of public expenditure, due to suits against public bodies involved in public procurement.

Suggested Citation

  • Marat R. Zembatov, 2017. "The Analysis of Risk Factors of the Supplier at the Conclusion of Government Contract," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 6, pages 75-84, December.
    • Handle: RePEc:fru:finjrn:170606:p:75-84
    as

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    References listed on IDEAS

    as
    1. North,Douglass C. & Wallis,John Joseph & Weingast,Barry R., 2013. "Violence and Social Orders," Cambridge Books, Cambridge University Press, number 9781107646995, September.
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    More about this item

    Keywords

    public procurement; public expenditure; counterparty; risk factor; litigation from contractual legal relations; suit;
    All these keywords.

    JEL classification:

    • K12 - Law and Economics - - Basic Areas of Law - - - Contract Law
    • H57 - Public Economics - - National Government Expenditures and Related Policies - - - Procurement

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