A securitização dos contratos de obras públicas no Brasil: uma análise entre o período de 2018 a 2022

Abstract

Objective: Understand which is the most adopted securitization mechanism in public works contracts in Brazil between 2018 and 2022. Method: A cross-sectional study was carried out, based on a non-probabilistic sample of 130 state and federal public works contracts, concluded between 2018 and 2022. The data was obtained through transparency portals and, when necessary, by request for access to information (e-SIC). Results: The most used type of guarantee is surety bond. However, given the values established for the guaranty and surety premiums, as well as the high number of additional terms to contracts that adopted this mechanism, it is inferred that the level of efficiency of guarantee insurance is still low. Originality/Relevance: There aren‟t Brazilian studies that present the securitization mechanism most used to guarantee the execution of public works contracts and that analyze their form of execution. Theoretical/methodological contributions: Highlights gaps in studies on the securitization of public works in Brazil and provides recommendations for improvement based on international literature. Social/management contributions: Identifies points for improvement in the management process of the securitization of public works contracts in Brazil.