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European Commission adopts procurement paper designed to reduce administrative work
January 21, 2016
European Commission adopts procurement paper designed to reduce administrative work
The European Commission has officially adopted the European Single Procurement Document (ESPD), a policy paper designed to make it easier for businesses to apply for public contracts. The ESPD allows companies to self-certify that they are eligible to apply for public contracts, greatly reducing the current administrative burden.
While the current system varies by country, in most cases suppliers are required to provide full documentation proving their abilities and financial status. Under the new system, only the winning bidder will be required to provide such documents. It is hoped that by lowering the amount of paperwork necessary, more small and medium sized enterprises (SMEs) will be able to participate in the bidding process.
Read more at Sustainable Procurement Resource Centre.
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