What is a public procurement contract

The goal of public procurement is to award timely and cost-effective contracts to qualified contractors, suppliers and service providers for the provision of goods, works and services to support national and local government, and public services operations, in accordance with principles and procedures established in the public procurement rules. On the basis of their specific goals, there is a clear distinction between public procurement and contract administration. That distinction, far from lessening the importance of one as opposed to the other, actually reinforces each by identifying and focusing on their specific purpose. What are your thoughts on this? Have something to add? Join Our Library!
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Government procurement

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The Goal of Public Procurement and Contract Administration – The Procurement ClassRoom

Public authorities conclude contracts to ensure that works can be performed and services delivered. These contracts play a key role in certain sectors construction, public works, energy, telecommunications and heavy industry , and are traditionally statutory or administrative rules which have given preference to national suppliers. This lack of open and effective competition was one obstacle to the completion of the single market, pushing up costs for contracting authorities, and inhibiting competitiveness in certain key industries. The application of internal market principles to these contracts ensures better allocation of economic resources and more rational use of public funds, with public authorities obtaining products and services of the highest available quality at the best price as a result of keener competition. Giving preference to the best-performing undertakings across the European market promotes the competitiveness of European companies, and reinforces respect for the principles of transparency, equal treatment and efficiency, thereby reducing the risk of fraud and corruption.
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Public procurement contracts in the context of the Covid-19 crisis in France

After one year of parliamentary procedures and almost two years behind the official deadline, the new Public Sector Contracts Law finally came into force in Spain on March 9, Along with the upcoming General Data Protection Regulation, which will become effective in May , the Public Sector Contracts Law is considered to be among the most important regulations in the area of Administrative Law. But what are its key implications, and who will benefit from them? For this reason, the establishment of efficient regulations is key to providing a functional mechanism for the management of public resources and the achievement of greater customer satisfaction. The introduction of the new Public Sector Contracts Law will make it easier for small and medium-sized companies to access procurement procedures, encouraging transparency and ensuring the best practices concerning employees and tax for contractors.
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ICLG - Public Procurement Laws and Regulations - Singapore covers common issues in public procurement laws and regulations — including application of the law to entities and contracts, award procedures, exclusions and exemptions — in 27 jurisdictions. The relevant legislation in Singapore in relation to public procurement is the Government Procurement Act Cap. The GP Order specifies the states, authorities and procurements which are subject to the Act, as well as procurements that are excluded from the application of the Act. The GP Regulations generally regulate procurements which are subject to the Act, and set out the types of procedure which may be used in undertaking procurements. The principles and procedures to be adopted in evaluating and awarding a procurement contract are subject to the Act.
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