Describes how major projects are secured and financed. Explains activities of the multilateral development banks in and other aid-funded projects.
Hungary’s Public Procurement Act CXLIII was passed in 2015. The law regulates only the various forms of procurement; however, the national thresholds are always contained in the actual Budget Law. In case of a general, simplified procurement the national threshold for procurement of goods remains at HUF 8 million (approximately USD 29,000). For construction, the threshold is HUF 15 million (USD 55,000), and for services, HUF 8 million (USD 29,000). The national threshold for construction concessions amounts to HUF 100 million (USD 368,000) and HUF 25 million (USD 92,000) for services concessions.
In case of special simplified public procurement, the national threshold is HUF 50 million (USD 184,000) for procurement of goods and services, and HUF 100 million (USD 368,000) for construction investments.
The EU thresholds require open tenders (published in TED – Tenders Electronic Daily) for purchases of goods and services (except in R&D and telecom) exceeding EUR 130,000 (about USD 152,913) when procured by Hungary’s Ministries, the Prime Minister’s Office, or the Centralized Public Procurement Agency (CPPA). For all other central or local government institutions, the open tender threshold for goods and services is EUR 200,000 (about USD 235,251). For construction and construction concessions, the threshold is EUR 5 million (approx. USD 5,881,280) regardless of public entity.
Hungary’s CPPA serves more than 1,000 institutions that receive financing from the Hungarian central budget. The CPA generally requires procuring agencies to select from a centralized list of specific products and vendors. Tender announcements and decisions by Hungary’s Commission of Arbitrators are published weekly in the Public Procurement Authority of Hungary. The Law on Public Procurement and related regulations, as well as Hungary’s list of certified suppliers for public procurement projects, can also be found on this Hungarian language website. Information about financing projects, or financing web sources may also be found on the ITA Financing Solutions website.