útboðið
Útboðið is an Icelandic term primarily referring to a competitive bidding process or tendering procedure used by governmental agencies, municipalities, and private organizations to procure goods and services. The process aims to ensure transparency, fairness, and competitiveness in selecting suppliers or contractors. Útboðið can involve different procurement strategies, such as open tenders, restricted procedures, or negotiated procedures, depending on the value and nature of the contract.
In Iceland, regulations governing útboðið are aligned with European Union standards, particularly concerning public procurement, to
The process typically begins with a public announcement or invitation of bids, followed by a submission period
Útboðið plays a crucial role in fostering transparency and accountability in Icelandic procurement. It is used
Overall, útboðið is a vital component of Iceland’s procurement framework, ensuring public and private sector projects