The cost of public procurement would have been at least 1.7 billion euros in the 2012-2016 period, practically 10% of the total amount. However, the contracts included in the public sector register only amount to 2% of GDP, when both the OECD and other agencies estimate that public procurement in Spain reaches almost 20% of GDP.
The report released by the CNMC also demonstrates “little competition in public procurement”. For example, tenders with few participants are frequent: in almost 24% of state contracts there is a single participant and in 65% of the contracts there are three or fewer participants.
The CNMC made its calculations after analyzing more than 36,000 contracts from the Central Administration and extrapolates the conclusions of its study to the public sector as a whole. According to the report, there is “little competition in public procurement” in Spain.
Full Content: El Periodico
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Mylan and CVS Avoid Class Action in EpiPen Price-Gouging Allegations
Jul 2, 2024 by
CPI
Belgian Competition Authority Approves Largest Hospital Merger with Conditions
Jul 2, 2024 by
CPI
Commercial Metals Faces Antitrust Lawsuit Over Alleged Market Manipulation
Jul 2, 2024 by
CPI
New Zealand to Mandate Tech Platforms to Pay for News Content
Jul 2, 2024 by
CPI
New Regulations Hit Europe: Circle Receives MiCA Approval to Issue Stablecoins
Jul 2, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Private Equity Roll-Up Schemes
Jun 28, 2024 by
CPI
The FTC’s Focus on Private Equity is Warranted
Jun 28, 2024 by
CPI
Unraveling the Roll-Up: Private Equity’s Misunderstood Investment Strategy
Jun 28, 2024 by
CPI
Antitrust Focus on Private Equity Funds and Serial Acquisitions
Jun 28, 2024 by
CPI
Private Equity Roll-Ups Amidst Heightened Antitrust Enforcement
Jun 28, 2024 by
CPI