Chapter

Conclusions

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/9780198267751.003.0007
Conclusions

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The exponential growth witnessed in the last few years in the number of countries adopting, amending, and improving their procurement regulations has given rise to a general debate over what forms ‘acceptable’ or ‘appropriate’ public procurement regulation. The answers proffered by the different parties reveal as much about those seeking to measure acceptability or appropriateness as it does about those in the throes of procurement system reform. A basic premise of this book is that current models of regulation merely indicate how specific (but often opaque) objectives are to be achieved but do not, at the same time, reveal why those objectives are pursued by way of procurement regulation. In looking at these objectives, the book has sought to isolate the three most readily identifiable goals of procurement regulation and has considered them under three abstracted ‘models’: the economic model, the social model, and the international model. The concepts contained in these regulations, such as economic efficiency, transparency, equal treatment, competition, and value for money are discussed.

Keywords: procurement regulation; economic model; social model; international model; economic efficiency; transparency; equal treatment; competition; value for money

Chapter.  5228 words. 

Subjects: Constitutional and Administrative Law

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