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Procurement Economics

Public purchasing is a significant expenditure - up to 18% of European GDP, or €3 trillion. Intelligent purchasing by all levels of government can leverage this expenditure to stimulate innovation in the private market, improving the efficiency and reducing the costs of their services. Such public procurement supports the European Commission’s Single Market Strategy by promoting competition and trade, increasing efficiency and quality, and promoting price reduction. Updated procurement legislation such as European Directives 2014/24/EU, 2014/25/EU, and 2014/81/EU grant procurers greater flexibility in choosing their procurement type and design.

However, national translations of European law, alongside environmental and social purchasing policies, create complex policy drivers unique to each purchaser. To help contracting authorities move toward reaching their goals within these contexts, we provide assistance in developing solutions that are economically sound and grounded relevant law.