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Public Works Tenders Down 29% in Year to April

27 May 2021 – Ana Custódio

In the year to April, new public tenders fell while contracts signed in the period rose compared to the same period in 2020.

The figures stem from AICCOPN’s (Association of Civil Construction and Public Works Industries) Public Works Barometer. On the one hand, new public works tenders fell by 29% in the first four months of 2021, while the number of contracts signed for public works contracts rose by 46% y-o-y.

According to AICCOPN, in the first four months of the year, Portugal launched a total of 1.381 billion euros of public works tenders, a reduction of 29% compared to the same period of the previous year though up from the drop of 42% during the last month.

According to the barometer, the falls were due to a base effect resulting from an exceptionally high volume of public tenders in March 2020.

Public procurement contracts signed up to the end of April and reported in the Base Portal totalled 975 million euros, increasing 57% y-o-y.

Public works contracts awarded as a result of Direct Adjustments and Prior Consultations reached 156 million euros in the first four months of 2021, equivalent to a rise of 8% y-o-y.

The value of contracts signed in the first four months of the year, as a whole, reached 1.206 billion euros, 46% more than the previous year.

Translation: Richard D. K. Turner