Hungary votes on changes in law on public construction

05
Jul
2023
News - Hungary votes on changes in law on public construction #construction #Hungary #law

by Property Forum | Report

The Hungarian Parliament voted in favour of the law on the public construction and investment regime with 136 votes in favour, 49 against and 9 abstentions. The law, among other things, makes the use of BIM mandatory for projects at or above the EU public procurement threshold, requires greater control over design and construction than before, and puts the whole life cycle of public works on a new footing.


The official purposes of the new act are as follows:

  • To put the system of public construction investments on a new basis and unify it.
  • To increase the efficiency of public construction works, with energy efficiency as a priority.
  • To provide adequate legal, professional and budgetary guarantees for investment operators in order to ensure predictability.
  • To strengthen and unify the public organisation involved in the implementation of public works.
  • To create a domestic construction environment in line with European law and values, and support domestic operators vis-à-vis foreign investors.
  • To improve the competitiveness of Hungarian construction enterprises and ensure that in the future investment decisions cannot be taken without the input of local communities.
  • To ensure that public construction investments are professionally driven.
  • To ensure that publicly funded investments are carried out in a coherent and coordinated way, with a predictable cost level.
  • To eliminate overlaps within the formerly fragmented organisation and ensure that certain investment-related tasks are carried out within the competent public institutions rather than by external resources.
  • To establish uniform technical requirements and contractual conditions.
  • To establish and update a knowledge base of contracting authorities to increase efficiency.
  • To establish a Public Investment Stakeholder Council.



Latest news


New leases

  • E-commerce player 4M Pro&Invest has leased nearly 4,100 sqm of warehouse space in Panattoni Park Poznań XIV. This agreement marks the completion of the leasing of the two completed phases of the development.
  • Panattoni has commenced construction on the latest phase of Panattoni Park Gorzów II, developing a bespoke BTS warehouse for DPD Polska. The facility will encompass 5,300 sqm tailored to the courier company’s operational requirements. DPD Polska is scheduled to begin operations at the new site in August 2026.
  • Romanian strategic advisory firm Infinexa Restructuring has relocated its HQ to GTC’s City Gate South Tower in Bucharest. The move supports their integrated approach to delivering complex debt restructuring, insolvency mandates, and preventive procedures for distressed companies.

New appointments

  • Panattoni has promoted Nick Cripps to the position of Head of International Capital Markets for Europe, the UK, the Middle East, and India. Based in London, Cripps is tasked with leading the firm’s global capital markets strategy across 18 diverse markets. He joined Panattoni five years ago as Head of UK Capital Markets.
  • PSN has expanded its acquisitions team with the arrival of Martin Šrytr as Business Development Manager. Most recently, he served as Real Estate Expansion Manager at Twistcafe Group, supporting the company’s EMEA growth. His previous experience includes consulting at Cushman & Wakefield, advisory roles at Prochazka & Partners, and management positions within IWG.
  • iO Partners has announced key leadership changes within its Czech Republic operations as part of its ongoing business evolution. Milan Kilik has been appointed as the new Head of Office Leasing, with a particular focus on client advisory and team collaboration. Concurrently, Petr Kareš has transitioned into the role of Occupier Business Development Director. In this new capacity, he will be responsible for identifying new market opportunities and integrating services across Tenant Representation, Project Management, and Industrial Leasing.


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