Estimating the benefits from the procurement directives
The main aim of this work is to measure the benefits arising from the Procurement Directives econometrically by identifying and measuring relationships between improved procurement practice and the final values of specific awards of contracts in relation to the estimated values of contracts before tendering (“savings”). We also explore the relationship between improved procurement practice and the number of bidders. In both cases, we control for variations in other variables. The work is based on the MAPPs database.