Public Procurement in Hungary
In general, public procurement is the point where private sector meets the public financial resources. Every year over 8 billion euros are spent on public tenders in Hungary, the regulation of which is harmonized with the EU provisions since 2004. By that means, every Community based enterprise is entitled to compete for these orders.
The Hungarian regulation is based on the Act CXXIX of 2003 on Public Procurement, which can be downloaded from here in English.
The act ensures compliance with EU directives, which means that those tenders, the estimated contract value of which exceeds the amounts defined by the EU, are subject to Community procurement procedure. These tenders must be published in the Official Journal of the European Union and in the Tenders Electronic Daily (TED).
You can find up to date calls for tenders from Hungary in the TED database.
Community based enterprises are entitled to participate in all thresholds, only procedures are different. It must be noticed, that nearly all tenders have to be submitted in Hungarian, even though the invitation to tender is published in all community languages in the community threshold.
For companies intending to submit tender in a hungarian public procurement procedure, our company offers the following services:
- Monitoring the upcoming Hungarian tenders that might be of interest to your business
- Management of the whole tendering process
- Representing your company in the procurement procedure
- Negotiating contracting issues
- Providing legal assistance during the performance of the contract
- Translating and commenting relevant tender documention and contracts to English
- Translating relevant documents to Hungarian