The European Commission will launch a consultation Thursday to get feedback on modernizing the European Union's public procurement policy.
The Commission says it wants to simplify the existing legislation to make it easier for businesses to bid for public contracts and to create a pan-European procurement market that would save public money.
Goods and services procured by public authorities currently account for around 17 percent of the E.U.'s GDP. However, in addition to the European institutions' own procurement, there is a huge knock-on effect. The Commission alone has 35,000 computers, but any standard formats are likely to be adopted by businesses.
In December the Commission announced it will spend
The public consultation will take the form of a green paper and aims to ensure that proposals will be informed by the views of a wide range of stakeholders. The Commission is due to make its legislative proposals on the E.U. public procurement rules in 2012.