The Public Procurement and Government Contracts guide provides expert legal commentary on key issues for businesses. The guide covers the important developments in the most significant jurisdictions.
Last Updated August 02, 2018
It is no secret that government and quasi-government bodies expend hundreds of millions of dollars on contracts with private companies. For this reason, the sale of goods and services to such bodies presents tremendous opportunities. However, at the same time, companies entering this marketplace face significant challenges and risks – many of which are unique to this type of contracting, ie, do not exist in the commercial transaction world. The constant evolution of the rules, regulations and procedures relevant to this sector amplifies these risks and challenges. Thus, practitioners in this field must keep themselves apprised of the latest developments. This Guide aims to provide practitioners with some tools to deal with the challenging field of public procurement. In particular, it addresses public sector procurement procedures in various jurisdictions, details the most common types of procurement and contract mechanisms, and describes the prerequisites for eligibility to bid on public sector opportunities. The Guide also tackles important issues such as whether unique compliance and ethics rules exist for public sector contractors, what recourse is available to disappointed bidders that want to challenge an award, and whether special regulations exist for handling disputes with customers. Finally, the Guide tackles what can be one of the more difficult areas of public procurement – cost and pricing issues.