Procurement regulatory entities

In the LAC region, public procurement agencies or public procurement regulatory and monitoring entities are central bodies in charge of the regulation and monitoring of a country’s public procurement system. This is different from the model commonly found in OECD countries, where these bodies are often a contracting authority. In the LAC context, it is uncommon for procurement regulatory entities to purchase on behalf of public sector entities, with the exception of framework agreements and reverse auctions. The most common model found in the region is for countries to centralise policy and monitoring and decentralise operations. Experience from the region has shown that having an agency with a dedicated policy and monitoring role can drive change by ensuring that new rules and regulations, developed as part of the modernisation of legal frameworks, are implemented.