PERFORMANCE APPROACH OF EUROPEAN UNION FUNDED WORKS CONTRACTS IN ROMANIA, A CASE STUDY
Audit and Accounting Department, Faculty of Economic Science and Business Administration, Babes Bolyai University, Romania
Abstract: Wasting money in public contracts is a problem that can be addressed by encouraging dialogue, changes of experience and improving stakeholders’ knowledge. This case study objectives are to observe, interpret and disseminate how performance interrelates with beneficiaries of EU financed works contracts decisions and activities, in all three aspects of performance, from selecting, prioritizing and approving a future investment, until adjusting works contract values as effect of actual overlapped crisis. This exploratory case study is based on researchers’ observation of a public authority behavior patterns in the context of multiple works EU financed contracts implementation in the period 2019 – 2022, so that answers could be formulated at four research questions, as for seizing weaknesses of decision process related activities that could impact performance. Conclusions are based on identified weaknesses description, and are aimed to support future public investments related research in focusing on new detailed aspects of this area, and also the public beneficiaries designated staff, financial managers and accountants, in accurately future planning activities that support decisions on selecting, prioritizing, and assessing feasibility to improve performance of the locally EU financed works contracts.
Keywords: performance; feasibility; work contracts; value adjustment; COVID 19 crisis.
