Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.


Status message

Start your free, no obligation 5-day trial to continue exploring with full access.

Public Procurement Simplified Across the EU

Jaclyn Jaeger | February 1, 2016

A new system adopted by the European Commission that went into force last week considerably reduces the administrative burden for companies that want to have a fair shake at winning a public contract.

The European Commission earlier last month adopted the new European Single Procurement Document (ESPD), establishing a single standard form that allows all businesses to electronically self-certify that they meet the necessary regulatory criteria or commercial capability requirements. Only the winning bidder will then be required to submit all documentation proving that it qualifies for the contract.

Regulation 2016/7 entered into force on Jan. 26. To facilitate the use of the ESPD, a free, web-based system is currently being developed for member states...

Buy this article for $49, or subscribe to Compliance Week for a month at $149 and get unlimited article access for 30 days.