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The law and economics of framework agreements : designing flexible solutions for public procurement / Gian Luigi Albano, Caroline Nicholas.

By: Albano, Gian Luigi [author.].
Contributor(s): Nicholas, Caroline [author.].
Material type: materialTypeLabelBookPublisher: Cambridge, United Kingdom ; New York : Cambridge University Press, 2016Edition: First paperback edition.Description: xiii, 342 pages ; 24 cm.Content type: text Media type: unmediated Carrier type: volumeISBN: 9781107434981 (paperback).Subject(s): Public contracts | Government purchasing -- Law and legislation
Contents:
Machine generated contents note: Part I. Framework Agreements: Basic Definitions, Main Economic Forces and International Experience: 1. Introduction; 2. Basic taxonomy of framework agreements; 3. Some key economic dimensions in framework agreements; 4. The economic analysis of framework agreements; 5. International experience in framework agreements procedures; 6. International experience on framework agreements operated by centralised purchasing agencies; Part II. Fostering Competition and Preventing Collusion in Framework Agreements: 7. Promoting effective competition and enhancing outcomes in framework agreements; 8. Integrity concerns in framework agreements; 9. Addressing risks of collusion; Part III. The Design of Framework Agreements: 10. The design of framework agreements; 11. Framework agreements for centralised procurement; 12. Policy and regulatory issues.
Summary: "Framework agreements have arisen in response to the well documented and high costs of public procurement procedures. The agreements have significant potential to improve procedural efficiency in public procurement, but are complex to operate. Inadequate preparation and implementation can also frustrate their potential both to tackle waste, abuse and corruption and to enhance value for money. In this enlightening book, Gian Luigi Albano and Caroline Nicholas look at the key decisions required for designing and using framework agreements and address both legal and economic issues to give the reader a clear understanding of the planning, variables and flexibility needed for efficient implementation. This book will be of interest to policy makers, lawyers and public procurement practitioners who want to deepen their understanding of the legal and economic issues surrounding framework agreements"-- Provided by publisher.Summary: "Public procurement policy is commonly grounded in terms of promoting best value for money and avoiding corruption, waste and abuse. Well-documented experience of failures in this regard, the enormous economic power of public procurement, and the expansion of world trade and efforts to liberalise it, have led to the development of formal rules governing public procurement at both the international and national levels. Many of those rules, in addition to requiring that procurement officials follow open competition (considered to be the most effective way of securing best value for the government), stipulate "honesty and integrity in source selection, and equality of opportunity for would-be contractors", together with requirements for internal controls, such as documenting decisions and formal approval processes"-- Provided by publisher.
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(D)25.9 K884 .A43 2018 (Browse shelf) Available 1000099296

Includes bibliographical references and index.

Machine generated contents note: Part I. Framework Agreements: Basic Definitions, Main Economic Forces and International Experience: 1. Introduction; 2. Basic taxonomy of framework agreements; 3. Some key economic dimensions in framework agreements; 4. The economic analysis of framework agreements; 5. International experience in framework agreements procedures; 6. International experience on framework agreements operated by centralised purchasing agencies; Part II. Fostering Competition and Preventing Collusion in Framework Agreements: 7. Promoting effective competition and enhancing outcomes in framework agreements; 8. Integrity concerns in framework agreements; 9. Addressing risks of collusion; Part III. The Design of Framework Agreements: 10. The design of framework agreements; 11. Framework agreements for centralised procurement; 12. Policy and regulatory issues.

"Framework agreements have arisen in response to the well documented and high costs of public procurement procedures. The agreements have significant potential to improve procedural efficiency in public procurement, but are complex to operate. Inadequate preparation and implementation can also frustrate their potential both to tackle waste, abuse and corruption and to enhance value for money. In this enlightening book, Gian Luigi Albano and Caroline Nicholas look at the key decisions required for designing and using framework agreements and address both legal and economic issues to give the reader a clear understanding of the planning, variables and flexibility needed for efficient implementation. This book will be of interest to policy makers, lawyers and public procurement practitioners who want to deepen their understanding of the legal and economic issues surrounding framework agreements"-- Provided by publisher.

"Public procurement policy is commonly grounded in terms of promoting best value for money and avoiding corruption, waste and abuse. Well-documented experience of failures in this regard, the enormous economic power of public procurement, and the expansion of world trade and efforts to liberalise it, have led to the development of formal rules governing public procurement at both the international and national levels. Many of those rules, in addition to requiring that procurement officials follow open competition (considered to be the most effective way of securing best value for the government), stipulate "honesty and integrity in source selection, and equality of opportunity for would-be contractors", together with requirements for internal controls, such as documenting decisions and formal approval processes"-- Provided by publisher.

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