VRBKA, Jaromír and Eva KOUBKOVÁ. The difference between project prices and final prices of construction contracts in the public sector. Ad Alta - Journal of Interdisciplinary Research. Hradec Králové, Česká republika: Magnanimitas, 2023, vol. 13, No 1, p. 295-300. ISSN 1804-7890.
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Basic information
Original name The difference between project prices and final prices of construction contracts in the public sector
Authors VRBKA, Jaromír (203 Czech Republic, guarantor, belonging to the institution) and Eva KOUBKOVÁ (203 Czech Republic, belonging to the institution).
Edition Ad Alta - Journal of Interdisciplinary Research, Hradec Králové, Česká republika, Magnanimitas, 2023, 1804-7890.
Other information
Original language English
Type of outcome Article in a journal
Field of Study 50200 5.2 Economics and Business
Country of publisher Czech Republic
Confidentiality degree is not subject to a state or trade secret
WWW URL
RIV identification code RIV/75081431:_____/23:00002601
Organization unit Institute of Technology and Business in České Budějovice
UT WoS 001027245000051
Keywords (in Czech) stavebnictví; projektové ceny; konečné ceny; veřejný sektor
Keywords in English construction industry; project prices; final prices; public sector
Tags NE_C_IDM, NZ_OCN, ONE_a, RIV23, WOS
Changed by Changed by: Barbora Kroupová, učo 25655. Changed: 2/11/2023 13:18.
Abstract
The paper deals with the difference between project and final prices of construction contracts in the public sector. The project price of construction contracts is usually created using price systems, while the final prices of contracts are based on the actual interest of construction companies in the implementation of a given contract, actual cost, and the state of the market for construction works and materials. The paper presents an analysis of a total of 1,021 construction contracts awarded by the public sector in the Czech Republic in 2019-2020. These contracts are divided according to the predominant nature of the work into three categories, namely demolition, reconstruction, and construction. The authors conclude that the project and final prices of construction contracts differ, both in terms of regional destination and the nature of the subject of the contract (construction, demolition, etc.). The biggest savings were found in contracts dealing with demolition work, where secondary income can be expected in the form of sales of secondary raw materials. Moderate savings are also achieved in the case of contracts concerning reconstruction or construction.
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