Procurement Procedure
From Open Risk Manual
Revision as of 20:06, 3 May 2022 by Wiki admin (talk | contribs)
Definition
Procurement Procedure is formal and defined sequence of steps that is followed by organizations in their Procurement activities.[1]
Flexible Procedures
- Pre-commercial Procedure (PCP)
- Innovation Partnership
- Competitive Dialogue
- Competititve Procedure with Negotiation
Alternatives
- Alternatives to the purchase and ownership of products (lease or lease/purchase arrangements)
- Alternative contractual arrangements, such as energy performance contracting (EPC)
EU Materiality Threshold
If a public procurement contract is valued above the EU threshold[2] the EU Procurement Directives apply. A notice must be placed in the Official Journal and the rules for each stage must be followed.
