The Key Factors of Transparency of the Public Procurement in the Czech Republic

This contribution describes factors influencing the efficiency of placing public procurements, in compliance with the Public Procurement Act, in the Czech Republic. Transaction expenses, being spent by the candidates as well the contracting authorities, have been identified as one of the important influences.The authors present results based on a quantitative analysis of a selected sample of candidates of public procurements placed by contracting authorities originating from a random selection from the Journal of procurement. A regression level has been calculated, describing the dependency on price differences and the type of procurement procedure. By using Pearson's correlation coefficient a slight positive dependency between the number of submitted offers in the procurement procedure and the price difference (defined as the difference between the expected value of a public procurement and the winning bid of the given tender) have been found.