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Focus

Average late payment of public tenders is 8 months

Date: May 26, 2016

Macedonia

06.05.2016.

Source: www.vest.mk

Most frequent problems companies face in public procurement are the lowest price as the single criterion for awarding public contracts and late payment for contract performance. Average period of waiting for collection of receivables for contract performance amounts to 8 months, according to the research on 254 companies done by CCC for the period July-December 2015.

79% of surveyed companies believe that corruption is present in public procurement, as follows: 37% of them indicated that corruption is often present, 10% indicated it is always present, while 32% of surveyed companies indicated that corruption is rarely present in public procurement. Only 21% of companies indicated that corruption is never present in public procurement.

Money well spent?