Directive 2014/24/EU is a European Union directive that aims to regulate public procurement processes across EU member states. It sets out the legal framework for public sector procurement, ensuring transparency, competition, and fair access to public contracts. The directive applies to the acquisition of goods, services, and works by public authorities, with an emphasis on achieving cost efficiency and innovation while preventing discrimination and promoting equal treatment of all suppliers.
Key Benefits
– Increased Efficiency and Transparency in Public Procurement: Directive 2014/24/EU introduces rules that streamline processes and improve transparency, ensuring that public procurement is conducted more efficiently and openly. This promotes fair competition and reduces administrative burdens.
– Enhanced Competition and Market Access: By standardizing procedures across member states, the directive encourages more suppliers to participate in tenders, fostering competition and broadening market access for businesses across the EU.
– Promotion of Innovation and Environmental Sustainability: The directive includes provisions for innovation partnerships and the consideration of environmental and social factors in procurement decisions, supporting sustainable development and stimulating innovative solutions.
– Simplification of Rules for SMEs: Special measures are included to make it easier for small and medium-sized enterprises (SMEs) to bid for contracts, such as dividing contracts into lots to match their capacities, thus fostering economic growth at all levels.
– Improved Compliance and Legal Clarity: The directive enhances legal certainty by providing clearer definitions and rules, reducing the likelihood of disputes and ensuring consistent application of procurement laws across the EU.
Related Terms
– Increased Efficiency and Transparency in Public Procurement: Directive 2014/24/EU introduces rules that streamline processes and improve transparency, ensuring that public procurement is conducted more efficiently and openly. This promotes fair competition and reduces administrative burdens.
– Enhanced Competition and Market Access: By standardizing procedures across member states, the directive encourages more suppliers to participate in tenders, fostering competition and broadening market access for businesses across the EU.
– Promotion of Innovation and Environmental Sustainability: The directive includes provisions for innovation partnerships and the consideration of environmental and social factors in procurement decisions, supporting sustainable development and stimulating innovative solutions.
– Simplification of Rules for SMEs: Special measures are included to make it easier for small and medium-sized enterprises (SMEs) to bid for contracts, such as dividing contracts into lots to match their capacities, thus fostering economic growth at all levels.
– Improved Compliance and Legal Clarity: The directive enhances legal certainty by providing clearer definitions and rules, reducing the likelihood of disputes and ensuring consistent application of procurement laws across the EU.
References
For further insights into these processes, explore Zycus’ dedicated resources related to Directive 2014/24/EU:
- Addressing the Digital Transformation Mandate: A Procurement Perspective
- (Chapter 4) Adventures of Ivan the CPO: 10 Technology Tools Every Procurement Team Needs In 2018
- The Why, What & How of Contract Management: Part 5 – Implementation Best Practices
- Hackett Purchase to Pay Benchmark Report
- Revolutionizing Procurement: A Leap with Artificial Intelligence
White Papers
Master the UK Procurement Act 2023: Ensure Compliance & Drive Procurement Excellence
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Consolidated Invoice
A Consolidated Invoice is a single invoice document that aggregates multiple individual transactions or services provided over a certain period,
Compliance Scorecard
A Compliance Scorecard is a structured tool used within procurement processes to evaluate and ensure that all sourcing activities adhere
Contract Addendum
A contract addendum is a formal document that modifies or adds terms to an existing contract without altering its original
Contract Authoring
Contract Authoring refers to the process of creating, drafting, and preparing contracts for agreement and execution. It involves outlining terms,
Contract Review
Contract Review is the structured analysis and evaluation of contract terms to ensure compliance, mitigate risks, and align with organizational
Bid Response
A Bid Response is a formal reply by a supplier or vendor to a Request for Proposal (RFP) issued by
