trúnaðarboð

Trúnaðarboð is a Faroese term that translates to "confidential invitation" or "private bidding." It refers to a specific procurement process used in the Faroe Islands, particularly by public entities, where tenders or bids are solicited from a limited, pre-selected group of suppliers rather than being publicly advertised. This method is typically employed when the nature of the procurement is deemed sensitive, requires specialized expertise, or when a public tender process is considered impractical or unnecessary for other justifiable reasons.

The purpose of trúnaðarboð is to allow for a more targeted and often quicker procurement. By inviting only known and qualified potential suppliers, the process can streamline negotiations and ensure that the entities involved are familiar with the capabilities of the bidders. However, the use of trúnaðarboð is subject to regulations designed to ensure fairness and transparency, even within this limited scope. These regulations generally stipulate that the selection of invited bidders should be objective and that the process should still adhere to principles of equal treatment and non-discrimination. The specific criteria for when and how trúnaðarboð can be used are often detailed in public procurement legislation specific to the Faroe Islands.