Ráðhúskvota

Ráðhúskvota is an Icelandic term that translates to "town hall quota." It refers to a system or policy where a certain percentage or amount of public procurement, contracts, or services is specifically allocated to local businesses or contractors within a municipality. The aim of such a policy is generally to support the local economy, foster business growth within the community, and ensure that public funds are reinvested locally.

The implementation and specifics of ráðhúskvota can vary significantly between different municipalities in Iceland. Some may set a fixed percentage for local procurement, while others might use a scoring system that gives preferential treatment to local bidders. The exact definition and application of the term are often determined by local ordinances and procurement regulations. Critics of ráðhúskvota sometimes raise concerns about potential impacts on competition, efficiency, and the possibility of increased costs for public projects if local businesses are less competitive. However, proponents argue that it creates a more resilient local economy and can lead to better community engagement and understanding of local needs.