Beta The Briev beta is out. Free on iPhone via TestFlight — install it in under a minute.

Join the beta ↗
Briev
Live
Business

Public construction tender volume drops nearly a third, contracts fall by over 40% year-on-year

Portugal’s public works market saw a 29% decline in tendered values and a 43% fall in total awarded contracts through September, according to the AICCOPN.

Data released by the Associação dos Industriais da Construção Civil e Obras Públicas Nacional (AICCOPN) show a sharp contraction in Portugal’s public infrastructure spending during the first nine months of the year. Tender announcements for construction contracts fell 29% compared with the same period last year, while the count of public procedures dropped roughly 30% from 6,196 to 4,316. The financial volume of contracts actually awarded through competitive bidding fell 52%, a decline partly explained by the absence of the high-speed rail segment that had boosted figures the previous year.

In contrast, contracts awarded via direct adjustment or prior consultation grew 32% to €713 million. The total value of contracts listed on the Portal Base reached €3.6 billion, marking a 43% year-on-year reduction, which the association says signals a deepening structural slowdown in the sector.

Why it matters

The slowdown signals reduced public investment, potentially affecting construction jobs and broader economic growth in Portugal.

In this story

public worksconstruction tenderscontract awardsAICCOPNinfrastructure spendingdirect awardshigh-speed raileconomic slowdown
Get the beta ↗