New European Union (EU) rules on Public Procurement and Concessions have been in effect since April 18, 2016. Public procurement is of great economic importance, accounting for around 18% of EU’s Gross Domestic Product (GDP). Furthermore, the Directives lay down the criteria of awarding a contract by using the ‘life-cycle costing’.
These new Directives call for the award of contracts on the basis of the most economically advantageous tender to “be assessed on the basis of the best price-quality ratio, which should always include a price or cost element” using a cost-effectiveness approach, such as life-cycle costing and foreseeing the possibility of including the best price-quality ratio.
To read the full paper and download the PDF, please click on the image to the right, or go to: http://www.eupave.eu/documents/graphics/eupave-public-procurement-directives-position-paper-oct-2016.pdf.
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