Business Economics for Public Procurement

Learning Objectives

After completing the module, the participants will be able to …

• analyse material submitted by suppliers in order to evaluate their business performance and their ability to fulfil a contract.
• analyse the information provided in a tender, especially business indicators found in suppliers‘ annual reports
• understand the business processes that are needed to fulfil a contract as participants will learn how to determine various resources (and their costs) caused by these processes.
• analyse the reliability of suppliers (using various sources of legal and business information)
• analyse annual reports
• understand balance sheets and profit & loss statements
• calculate and interpret various performance indicators (liquidity, financial stability, profitability)
• understand the concept of risk and the principles of risk management