Chapter 8. The coverage of cost approach: how low is 'abnormally low'?
Since the very first EU procurement directive, every procurement directive have contained regulation of abnormally low tenders. Only one regulation regards the specific evaluation of prices by giving contracting authorities the right to refuse tenders that, after an assessement of content where tenderer has the oppertunity of being able to explain the the price, turns out to be abnormally low.
This book is a slightly amended version of the authors ph.d thesis from Copenhagen Business School.