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CEEC: Construction companies modify two fifths of public projects

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Due to major deficiencies construction companies must modify two fifths of the volume of public contract projects. The related increase in costs totals 7.2 % of the value of construction. This is based on the Quarterly analysis of the Czech construction sector for Q3/2017 prepared by CEEC Research in cooperation with Group Saint-Gobain.

The survey showed that the Czech construction sector would be most helped in the area of public contracts by limits on competition at the lowest price and a focus on assessing bids based on multiple criteria. Large construction companies would primarily welcome a long-term investment plan, which is subsequently adhered to.

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