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Contracting entities choose criteria to evaluate bids for public contracts. The Act on Public Contracts offers two basic ways to evaluate bids for public contracts: the lowest tender price and the economic advantageousness of the tender. The economic advantageousness of the tender consists of the price and other criteria chosen by contracting entities. The importance of the price in case of economic advantageousness is lower than in the case of the lowest tender price. The basic evaluation criteria affect number o...

The Act on Public Contracts defines two basic evaluation criteria: the lowest tender price and the economic advantageousness of the tender. The paper concentrates on the price, discusses its advantages and disadvantages, risks and consequences of the evaluation according to the price. The analysis of the usage of the price is based on the data from the Czech Republic from years 2011 - 2013. Contract notices were collected from the Information System on Public Contracts, large data file consisting of several thousa...