Law and Economics Approaches to Bid Rigging
New Horizons in Competition Law and Economics series
Appendix 1: Europe – an overview of public procurement law
This chapter will give a general overview of the EU public procurement framework and serves as background information to this book. It focuses on EU law and not on the national regimes that exist in the EU Member States. Public procurement is generally understood as the entire process of the acquisition of goods, services, works and other supplies by the public service, which is usually executed by means of a contractual arrangement after public competition. Public procurement legislation seeks to establish rules and procedures in order to govern the way in which contracting authorities purchase. Thus particular importance rests upon the purpose and objective of such legislation.
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