Chapter

Introduction

Peter Trepte

in Regulating Procurement

Published in print December 2004 | ISBN: 9780198267751
Published online March 2012 | e-ISBN: 9780191683350 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780198267751.003.0001
Introduction

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Recent years have witnessed an extraordinary worldwide growth in procurement regulation at both national and international level. The concepts contained in these regulations such as efficiency, transparency, equality of treatment, non-discrimination, contestability, and value for money, have gained such currency that their universality is accepted without question. This book examines why, rather than only how, procurement is regulated. Three abstracted regulatory models and their interrelationships are considered. The economic model refers to the significance of the market order to the regulation of procurement and highlights the issue of economic efficiency and instances of market failure. The political model is a recognition of the fact that governments have long used procurement as a tool to pursue a number of other (‘socially desirable’) policies. The international model brings an added dimension to the regulation of procurement in the national context given that the government may bind itself to a number of international trade obligations which may limit its scope of action in the field of procurement.

Keywords: procurement regulation; economic efficiency; transparency; equality of treatment; non-discrimination; contestability; value for money; market order; international trade; market failure

Chapter.  30694 words. 

Subjects: Constitutional and Administrative Law

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