Uncitral Model Law: Reforming Electronic Procurement, Reverse Auctions, and Framework Contracts
6 Pages Posted: 26 Apr 2005
A Working Group of the United Nations Commission on International Trade Law (UNCITRAL) is working on potential reforms to UNCITRAL's Model Procurement Law and its Guide to Enactment. This article, written by several advisors to the U.S. delegation to the UNCITRAL Working Group, reviews the Working Group's progress on several important fronts. The Working Group has reached initial consensus on a number of difficult procurement issues, including electronic commerce, reverse auctions and framework contracts, and significant progress has been made in a number or other areas, including the procurement of services, the strengthening of procurement remedies (known in the United States as bid protests), and the utilization of socioeconomic policy tools.
Keywords: UNCITRAL, Model Procurement Law, developing nations
JEL Classification: K12, K33, H57
Suggested Citation: Suggested Citation