Modification to the Regulation of the Public Procurement Law
January 28, 2020 · 1 min read
On January 21, 2020, Decree No. 821 was published in the Official Gazette that “Modifies Supreme Decree No. 250, of 2004, of the Ministry of Finance, which approves Regulation of Law No. 19,886, of Bases on Administrative Contracts of Supply and Provision of Services ”, known as“ Public Procurement Regulation ”.
The main objective of this reform was to introduce a new modality in the purchasing procedures governed by Law 19,886, called “Agile Purchase”, which considers the acquisition of goods or services for amounts equal to or less than 30 UTM, which will reduce the costs associated with minor purchasing processes and promote greater agility, simplicity and efficiency in these transactions.
The foregoing is especially relevant if it is considered that purchases of lesser amount represent the majority of transactions in the Public Market, which meant in 2019 80% of purchases, for an amount of US $ 936 million, equivalent to a 8% of the total amount traded that year.
In the previous context, the Barros & Errázuriz Public Law team developed a report with the analysis of the main modifications.
We invite you to review the document HERE
