THE TENDER PRICE: DISTINCTIVE FEATURES AMONG MARKET PRICES
This article presents the theoretical foundation of the particularity of the tender price, resulting from the subject-object peculiarities of the tender. The economic mechanism of the tender price formation is dialectically revealed. The article highlights the stages of the tender price formation in accordance with the tender life cycle model. In order to confirm the theoretical conclusions the author gives the results of the analysis of the tender prices formation during the public competitive procurement tendering in Belarus. The essence and mechanism of the tender price formation, which are revealed in the article, are regarded as the direction of the tender mechanism improvement. The author specifies the essential features of the tender price. The new “efficiency-criteria” concept of the tender price formation has been scientifically proven to improve the tender (bidding) mechanism in which the proposed algorithm validation by the procuring entity-investor the initial tender price has been developed.