Research on the Remedy System in China’s Government Procurement Contract Awarding Phase
Journal of Investment and Management
Volume 7, Issue 2, April 2018, Pages: 59-69
Received: Apr. 5, 2018; Accepted: Apr. 23, 2018; Published: May 15, 2018
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Authors
Fu-Guo Cao, The School of Law, Central University of Finance and Economics, Beijing, P. R. China
Jiang-Yu Huang, The School of Public Finance and Taxation, Central University of Finance and Economics, Beijing, P. R. China
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Abstract
Government procurement regulations require efficient implementation and remedy systems to achieve the goals of public procurement and protect the suppliers’ business opportunities. In the phase of awarding public procurement contracts, the establishment of a more independent and professional organization will increase the authority, credibility, and efficiency of dispute resolution in complaint processing. In order to protect the rights and interests of the participants, the public procurement suspension procedures should be further improved; the application of the Alternative Dispute Resolution (ADR) system such as mediation, arbitration, etc, should be encouraged. When a supplier claims damages for losses due to illegal activities, it should use a more diversified dispute resolution mechanism. The remedy system in the awarding phase of public procurement contracts can enable China’s public procurement system to better meet the needs of the Government Procurement Agreement (GPA) and enable Chinese companies to participate in international competition fairly and effectively. China should establish professional and independent complaints resolving institutions. Improve the suspension procedures for the dispute settlement in the Public Procurement contract awarding phase.
Keywords
Remedy System, Contract, Award Phase, Government Procurement, China
To cite this article
Fu-Guo Cao, Jiang-Yu Huang, Research on the Remedy System in China’s Government Procurement Contract Awarding Phase, Journal of Investment and Management. Vol. 7, No. 2, 2018, pp. 59-69. doi: 10.11648/j.jim.20180702.13
Copyright
Copyright © 2018 Authors retain the copyright of this article.
This article is an open access article distributed under the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/) which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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