Abstract

Rational selection of bid assessment criteria is linked with the needs and hierarchy of values of an entity managing public funds. Management efficiency depends on the choice of suitable means and methods aimed at maximizing the effects of the planned goal given limited resources. Selection of the most advantageous bid is based on optimal balance of the price and other bid assessment criteria. The key f actors of effective bid assessment criteria include, in particular: economic justification of their selection, conformity with the basic standards of awarding public procurement contracts arising from the applicable law, as well as the manner and form of their correct application in practice. An analysis of public procurement announcements reveals that the price still continues to be a universally used assessment criterion, and the most frequently used non-price criteria are: turnaround time, period of guaranty (warranty), quality understood as a functionality or utility.