sihtfinantseeritud

Sihtfinantseeritud is a term used in the context of public procurement, particularly in the European Union. It refers to a procurement procedure where the contracting authority (the buyer) is responsible for financing the contract, either through its own budget or through other financial means. This approach contrasts with cost-sharing arrangements, where the financial burden is shared between the contracting authority and the contractor.

The sihtfinantseeritud model is often used for large-scale projects, infrastructure development, or other initiatives that require significant financial investment. It allows the contracting authority to have greater control over the project's scope, timeline, and budget, as they are the primary financial stakeholder. This can lead to more efficient and effective project management, as the authority can better align the project with its strategic objectives.

However, the sihtfinantseeritud approach also has its drawbacks. It may lead to higher costs for the contracting authority, as they are responsible for the entire financial burden. Additionally, it can create a conflict of interest, as the authority may prioritize its own interests over those of the contractor or the public.

In the context of the European Union, the sihtfinantseeritud model is regulated by the Public Procurement Directive, which aims to ensure that public procurement is conducted in a transparent, competitive, and efficient manner. The directive requires that all public procurement procedures, including sihtfinantseeritud ones, are subject to the same rules and principles, regardless of the financing model used.