The Public Sector Acquisitions, Leasing and Services Law (LASSP) is a set of regulations that governs the purchase and provision of goods and services for the public sector in Mexico. The law seeks to ensure that these transactions are carried out in a fair and transparent manner, with the aim of protecting the public interest. The law also promotes competition, efficiency and effectiveness in the acquisition of goods and services. In order to ensure that these objectives are met, the law is accompanied by a set of regulations that are known as the Regulations of the Public Sector Acquisitions, Leasing and Services Law.
Overview of the Public Sector Acquisitions, Leasing and Services Law
The Public Sector Acquisitions, Leasing and Services Law was first enacted in 1994 and is the primary legal framework for the purchase and provision of goods and services by the public sector in Mexico. The law sets out the general principles that must be followed when procuring goods and services, including the principles of fairness, transparency, efficiency and effectiveness. The law also sets out the procedures that must be followed when carrying out public sector purchasing and contracting.
Understanding the Public Sector Acquisitions, Leasing and Services Law Regulations
The Regulations of the Public Sector Acquisitions, Leasing and Services Law are a set of regulations that provide further detail regarding the implementation of the law. These regulations provide guidance on the different types of contracts that can be used, the procedures for tendering and awarding contracts, and the rules for the evaluation and selection of suppliers. The regulations also provide guidance on the use of public funds, the management of contracts, and the procedures for the resolution of disputes.
The regulations are regularly updated to ensure that they reflect the latest developments in public sector procurement and to ensure that the principles of fairness, transparency, efficiency and effectiveness are maintained. The regulations are also designed to ensure that the public sector is able to obtain the best value for money when purchasing goods and services.
The Regulations of the Public Sector Acquisitions, Leasing and Services Law provide an important framework for the purchase and provision of goods and services by the public sector in Mexico. The regulations ensure that public sector transactions are carried out in a fair and transparent manner, and that the public sector is able to obtain the best value for money when purchasing goods and services. The regulations are regularly updated to ensure that they reflect the latest developments in public sector procurement and to ensure that the principles of fairness, transparency, efficiency and effectiveness are maintained.
The Public Sector Acquisitions, Leasing and Services Law (Reglamento de la Ley de Adquisiciones, Arrendamientos y Servicios del Sector Público) is the governing regulatory framework in Guatemala for all procurement, leasing and services related to the country’s public sector.
Enacted in February of 2018, the law seeks to ensure an effective and efficient system of procurement, leasing and services among government institutions, while also providing greater transparency and control of public spending.
The law applies to all government institutions, including the central government, decentralized agencies, mixed capital companies, autonomous entities and municipalities. The regulations also apply to any individual or entity that wishes to provide goods, works and services to the public sector.
The law outlines the procedures and practices to be followed by all parties involved in a procurement or service contract, including suppliers, buyers and intermediaries. It is designed to create an equal and open market for procurement, leasing and service contracts, by regulating the acquisition of goods, the provision of services, and the management of the contracting and bidding process.
Additionally, the law emphasizes the importance of transparency and disclosure in the procurement process, establishing a new platform (SIMOSDEA) where all government contracts should be publicly registered. This platform is used to monitor and record the contracting process and to increase transparency in public procurement.
The Public Sector Acquisitions, Leasing and Services Law seeks to promote fair and competitive practices in the public procurement and leasing process, while also providing greater oversight of public sector expenditures. It is an essential piece of the country’s legal framework and its implementation has brought greater efficiency and integrity to government contracting.
