The new State Contract Law 1150 introduced "reverse tenders or purchase tenders". Such tenders are aimed to speed up the selection of contractors for goods with the same technical characteristics and specifications, and with similar performance patterns.
At those tenders the state contract is awarded to the bidder with lower costs. That scenario will no doubt increase the number of contracts being breached due to artificially low prices, which in turn may have an impact on insurers acting as guarantors for the fulfilment of such contracts.
In order to mitigate risks, insurers are contemplating an increase in the cost of policies proportional to any reduction in the offer price.