We study the effects of a repulsive three-body interaction on a system of t
rapped ultracold atoms in a Bose-Einstein condensed state. The stationary s
olutions of the corresponding s-wave nonlinear Schrodinger equation suggest
a scenario of first-order liquid-gas phase transition in the condensed sta
te up to a critical strength of the effective three-body force. The time ev
olution of the condensate with feeding process and three-body recombination
losses has a different characteristic pattern. Also, the decay time of the
dense (liquid) phase is longer than expected due to strong oscillations of
the mean-squared radius.