Navigating contract renegotiations with sustainability at the helm: Societal benefits and transaction costs
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29 janvier 2024
- handle: 10670/1.7hoaba
- hal: hal-04426168
- doi: 10.1177/20555636231222171
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info:eu-repo/semantics/altIdentifier/doi/10.1177/20555636231222171
Sujets proches
Public procurement Government procurement Procurement, Government Public purchasing Contract law Contracts--Law and legislation Contractual limitations Limitations, Contractual Agreements Sustainability scienceCiter ce document
Fernando Deodato Domingos et al., « Navigating contract renegotiations with sustainability at the helm: Societal benefits and transaction costs », HALSHS : archive ouverte en Sciences de l’Homme et de la Société, ID : 10.1177/20555636231222171
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Résumé
Public procurement and cross-sector collaborations in national economies offer the opportunity for advances in sustainability practices, including through sustainability-related renegotiations during the execution of public contracts. Using rich, granular data from contract modification notices made publicly available by the European Union (EU) tenders electronic daily (TED), we investigate whether sustainability-related renegotiations, apart from generating positive environmental externalities, also limit ex-post transaction costs associated with contract renegotiations. Transaction costs are assessed in our study by the sentiment of renegotiations (negative or conflictual) and potential red flags associated with overly costly adjustments. Our findings suggest that regardless of whether contracts were initially focused on sustainable issues or not, sustainability-related renegotiations could have the dual benefit of a priori reducing environmental externalities while further limiting ex-post transaction costs associated with contract execution. More generally, contract modifications (renegotiations) may be under-utilised in public procurement contracts given their possible ‘double dividends’.