Public Works Tenders Fell in July

August 27, 2021 – Ana Custódio

The total volume of public works tenders held fell by 20%.

The volume of tenders held fell for the fifth consecutive month, despite an increase in signed public works contracts signed. According to AICCOPN’s Public Works Barometer, the total volume of public works tenders held dropped by 20% y-o-y to reach 2.516 billion euros.

The number of tenders announced in the Official Gazette declined for the fifth consecutive month.

Public procurement contracts signed and reported in Portugal’s Base Portal up to the end of July totalled 1.789 billion euros, an increase of 46% y-o-y.

Public works contracts concluded due to Direct Adjustments and Prior Consultations in the same period totalled 341 million euros, up 23% year-on-year.

The total amount of public works contracts signed during the first seven months of 2021 stood at 2.254 billion euros, an increase of 32% compared to the same period of the previous year.

Translation: Richard D K Turner