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KORYTÁROVÁ, J. ŠTAFFA, J. PAPEŽÍKOVÁ, P. ŠPIROCH, M.
Original Title
Analysis of Financial Risks Hedging Instruments for Public Works Contracts
Type
conference paper
Language
English
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.
Keywords
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
2015
Released
2. 9. 2015
Publisher
Croation Association for Construction Management
Location
Zagreb, Chorvatsko
ISBN
978-953-7686-05-5
Book
OTMC 2015
Edition number
1
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" }