EU Public Procurement Law
EU Public Procurement Law governs how public contracts must be awarded by EU member states to ensure fairness, transparency, and competition. It requires public authorities to follow specific procedures when buying goods, services, or works, promoting equal treatment of suppliers across Europe. This law aims to prevent corruption and discrimination, allowing businesses—especially smaller ones—to compete on a level playing field. By establishing common rules, it helps public bodies acquire necessary resources efficiently while ensuring taxpayer money is spent responsibly. Ultimately, it supports the integrity of the public sector and the single market in the EU.
Additional Insights
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EU public procurement law governs how public authorities in EU member states buy goods, services, and works. It aims to ensure fair competition, transparency, and equal treatment for suppliers. By following specific rules and procedures, public bodies must advertise contracts publicly, assess bids fairly, and award contracts based on criteria like price and quality. This law helps prevent corruption, promotes efficiency, and opens up markets across the EU, ensuring taxpayer money is spent wisely while supporting innovation and the economy.