New Public Works Tenders Down by 23% in November

According to the AICCOPN (Association of Civil Construction and Public Works Industries) Public Works Barometer, in the year to November, the volume of signed public works contracts has held steady at the same level as last year.

For the ninth consecutive month, public tenders for construction contracts fell year-on-year, compared to 2020.

In the first eleven months of this year, the procedures that were subject to public tender and respective publication in the Official Gazette totalled 3.488 billion euros, down 23% y-o-y.

According to the report published today by AICCOPN, construction contracts concluded and reported on the Base Portal under public tenders totalled 3.476 billion euros up to November, 0.3% that of the same period of the previous year.

This stabilisation in the volume of works contracts is due to a base effect. Last year, two agreements were signed regarding the expansion of the Porto Metro network, worth 288 million euros.

Contracts concluded due to Direct Adjustments and Prior Consultations in the first eleven months of the year totalled 550 million euros, up 5% year-on-year. 3.321 billion euros of public works contracts were signed up to the end of November, up 0.3% compared to the same period in 2020.