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Navigating contract renegotiations with sustainability at the helm: Societal benefits and transaction costs

Fernando Deodato Domingos et al.

Journal of Strategic Contracting and Negotiation2023https://doi.org/10.1177/20555636231222171article
AJG 1
Weight
0.42

What the paper says

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’.

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https://doi.org/https://doi.org/10.1177/20555636231222171

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@article{fernando2023,
  title        = {{Navigating contract renegotiations with sustainability at the helm: Societal benefits and transaction costs}},
  author       = {Fernando Deodato Domingos et al.},
  journal      = {Journal of Strategic Contracting and Negotiation},
  year         = {2023},
  doi          = {https://doi.org/https://doi.org/10.1177/20555636231222171},
}

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Navigating contract renegotiations with sustainability at the helm: Societal benefits and transaction costs

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Evidence weight

0.42

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.18 × 0.4 = 0.07
M · momentum0.80 × 0.15 = 0.12
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.