The Public Sector Acquisitions, Leasing and Services Law regulates the acquisition, leasing or contracting of goods and services by the Mexican public sector. This law seeks to promote competition, efficiency, transparency and integrity in the public sector. Its regulations are aimed at ensuring the best use of public resources and the prevention of corruption.
Overview of the Public Sector Acquisitions, Leasing and Services Law
The Public Sector Acquisitions, Leasing and Services Law is a Mexican law that regulates the acquisition, leasing or contracting of goods and services by the public sector. This law seeks to promote competition and efficiency, transparency and integrity in the public sector. Its regulations are aimed at ensuring the best use of public resources and the prevention of corruption.
The law applies to all government entities and public organizations, including state and municipal governments, universities, and public companies. It also applies to all contracts and agreements between government entities and private entities, and to all contracts and agreements between public and private organizations.
The law also establishes the rules and procedures for public tenders and auctions, and for the selection and awarding of contracts. It sets out the rules for the evaluation and selection of bidders, as well as for the award of contracts and the payment of contract prices.
The law also establishes the procedures for the suspension, modification and cancellation of contracts, and for the termination of contracts. It also sets out the procedures for the resolution of disputes arising from contracts and agreements.
Regulations of the Public Sector Acquisitions, Leasing and Services Law
The regulations of the Public Sector Acquisitions, Leasing and Services Law are aimed at promoting competition, efficiency, transparency and integrity in the public sector. The regulations include:
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The obligation of all public sector entities to comply with the law and its regulations, and to ensure that all contracts and agreements comply with the law and its regulations.
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The obligation of all public sector entities to promote and facilitate competition in the acquisition, leasing or contracting of goods and services.
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The obligation of all public sector entities to ensure that all contracts and agreements are transparent and in compliance with the law and its regulations.
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The obligation of all public sector entities to ensure that all contracts and agreements are awarded in a fair and impartial manner.
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The obligation of all public sector entities to ensure that all contracts and agreements are awarded in a timely manner.
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The obligation of all public sector entities to ensure that all contracts and agreements are reviewed and evaluated in accordance with the law and its regulations.
The Federal Government of Mexico, in order to ensure the proper functioning of Mexican Public Sector acquisitions, leases and services, has developed a regulatory framework outlining their regulations: The “Reglamento de la Ley de Adquisiciones Arrendamientos y Servicios del Sector Público”. This legal instrument contains essential rules and regulations for both government bodies and entities and legal or natural persons who wish to participate in any acquisition, lease or service contract of the Mexican Public Sector.
The regulations of the “Reglamento de la Ley de Adquisiciones Arrendamientos y Servicios del Sector Público” are focused on the guarantee that all Mexican acquisitive, leasing and service activities will comply with the principles of transparency, honesty, objectivity and efficiency in the financial economy of the procurement activities of the Mexican Public Sector. This legal instrument establishes the rules of procedure and the terms and conditions necessary for the proper implementation of the Reglamento. These regulations cover topics such as the use of a transparent, competitive and public bidding process in the acquisition and contracting of goods, services and works; the acceptance of bids and the awarding of contracts; consulting and verification processes; the suspension and cancellation of procedures and contracts; and sanctions.
In addition, the “Reglamento de la Ley de Adquisiciones Arrendamientos y Servicios del Sector Público” also covers more specialized topics such as the use of electronic bidding processes; automatic acquisitions; the use of the open market and price negotiations in procedures; the use of a multiple supplier system; and the digital signature of procurement documents.
This legal instrument is mandatory for all Mexican Public Sector authorities and acquirers, and it is the responsibility of its users to comply with the established regulations and procedures in order to guarantee the effective management of the acquisition process and the optimum use of the Mexican public funds. This rule book is part of an extensive and widespread system of regulations and procedures aimed at ensuring the transparency and fairness of Mexican Public Sector procurements and service agreements.
