The COVID-19 crisis upended markets and assumptions in public procurement, and posed an almost existential threat to traditional procurement systems. Seismic changes in economic relationships – governments were no longer monopsonists, government officials failed as economic intermediaries between suppliers and the public, and supplies that were traditionally treated as private (such as medical equipment) suddenly became “public” goods under worldwide demand. Traditional trade rules were rendered irrelevant, as the goal was no longer simply to open individual procurements but rather to open borders to intense global demand. Although the disruption was revolutionary, ironically the solution is to return to first principles of transparency and integrity to preserve governments’ fragile legitimacy in a crisis.
Article
COVID-19: Lessons Learned in Public Procurement. Time for a New Normal?
GW Law Faculty Publications & Other Works
Document Type
Article
Publication Date
2020
Status
Accepted
Disciplines
Abstract
GW Paper Series
2020-53
SSRN Link
https://ssrn.com/abstract=3685860
Citation Information
1 Concurrences No. 3 3-2020 1 pp. 46-58 (Sept. 2020)