Public Procurement in the European Union

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The investigation reveals that Contracting Authorities can enhance performance and attract more suppliers in EU public tenders by publishing precise starting prices. Unlike private-sector negotiations, these starting prices do not hinder entry into public procurement. The study demonstrates a linear correlation between the numerical precision of starting prices and improved performance, leading to a higher number of bids. Suppliers view precise starting prices as more credible, which diminishes their perceived entry risks, fostering a more competitive environment.