Publication result detail

Analysis of Financial Risks Hedging Instruments for Public Works Contracts

KORYTÁROVÁ, J.; ŠTAFFA, J.; PAPEŽÍKOVÁ, P.; ŠPIROCH, M.

Original Title

Analysis of Financial Risks Hedging Instruments for Public Works Contracts

English Title

Analysis of Financial Risks Hedging Instruments for Public Works Contracts

Type

Paper in proceedings (conference paper)

Original Abstract

A very important point in public procurement process is represented by hedging public contracts against potential risk. There are many instruments used in the Czech Republic - insurance construction contracts, contractual penalty and retention or a bank guarantee to name several of them. But not all of them are as effective as the contractors need them to be. The main aim of this paper is to find an effective set of hedging instruments in contracts for work to sufficiently fulfil their function and protect the goals of both the investor and the contractor impending business risks.

English abstract

A very important point in public procurement process is represented by hedging public contracts against potential risk. There are many instruments used in the Czech Republic - insurance construction contracts, contractual penalty and retention or a bank guarantee to name several of them. But not all of them are as effective as the contractors need them to be. The main aim of this paper is to find an effective set of hedging instruments in contracts for work to sufficiently fulfil their function and protect the goals of both the investor and the contractor impending business risks.

Keywords

business risk, public works contracts, hedging against risk, sewage facilities and equipment, contract for work

Key words in English

business risk, public works contracts, hedging against risk, sewage facilities and equipment, contract for work

Authors

KORYTÁROVÁ, J.; ŠTAFFA, J.; PAPEŽÍKOVÁ, P.; ŠPIROCH, M.

RIV year

2016

Released

02.09.2015

Publisher

Croation Association for Construction Management

Location

Zagreb, Chorvatsko

ISBN

978-953-7686-05-5

Book

OTMC 2015

Pages from

8

Pages to

15

Pages count

7

BibTex

@inproceedings{BUT118121,
  author="Jana {Korytárová} and Jan {Štaffa} and Petra {Pískatá} and Michal {Špiroch}",
  title="Analysis of Financial Risks Hedging Instruments for Public Works Contracts
",
  booktitle="OTMC 2015",
  year="2015",
  number="1",
  pages="8--15",
  publisher="Croation Association for Construction Management",
  address="Zagreb, Chorvatsko",
  isbn="978-953-7686-05-5"
}