Offering Party
From Open Risk Manual
Revision as of 16:06, 6 February 2024 by Wiki admin (talk | contribs) (Created page with "== Definition == '''Offering Party''' is the role of an Agent that acts on the economic operator side during a Procurement process. == Notes == As per the European Pr...")
Definition
Offering Party is the role of an Agent that acts on the economic operator side during a Procurement process.
Notes
As per the European Procurement Directives the notion of economic operators should be interpreted in a broad manner so as to include any persons and/or entities which offer the execution of works, the supply of products or the provision of services on the market, irrespective of the legal form under which they have chosen to operate. Thus, firms, branches, subsidiaries, partnerships, cooperative societies, limited companies, universities, public or private, and other forms of entities than natural persons should all fall within the notion of economic operator, whether or not they are ‘legal persons’ in all circumstances.
