A comparative study on public procurement procedures in the European Union, the United States and Latin America

Abstract

Public procurement refers to the purchase and sale of goods, works or services that are sold by a public body financed like the university. Public procurement makes use of the money from taxes that had been collected and used to boost the economy and its growth. In public universities, the acquisition is for the development of infrastructure and other acquisitions at a time when the number of students is increasing. The comparison of the policies of each region of the EU, the United States and Latin America shows that the existing systems are mostly of several stages or procedures according to each country or region. As in the EU it is a basic policy on classification and general regulation established by the EU, followed by the country, the region and local entities, while in the US. UU. There is a federal regulation, state and local regulations of the body that is responsible for carrying out public procurement rules. In Latin American countries, we see that the rules are established by each country based on their governance structure. All these rules and regulations mean different impact and control for universities and these rules define the preparation of the budget and the policies that universities would have to follow in case they are financed with public funds. That said, the regulations and having a uniform regulation throughout the region help in promoting equal opportunities for growth unlike what happens in Latin American countries. The article analyzes the public procurement policies in the EU, USA. UU and Latin America, for the development of the research, the following collection instrument was worked on: Review and initial collection of information through the document analysis technique, addressing the aspects of public procurement policies and regulations in several countries.