ARTICLE · 05 JUNE 2018

Changes To The Public Procurement Law In Panama

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Public Procurement in Panama is regulated by Law 22 of 2006. Since its promulgation, the Law dictates the rules, principles and procedures applicable to public contracts entered into by the Central Government, ...

PanamaGovernment, Public Sector

Luis Horacio Moreno IV

Public Procurement in Panama is regulated by Law 22 of 2006 ("Law 22"). Since its promulgation, the Law dictates the rules, principles and procedures applicable to public contracts entered into by the Central Government, autonomous entities or semiautonomous entities, municipalities, the Social Security Agency, financial intermediaries, and Panamanian companies where the Panamanian government has a stake of 51% or more.

Recently, Law 22 was subject to mayor changes, mainly motivated by the need of a more organized, complete and uniform legal framework for public procurement and the desire to achieve more efficiency and more transparency in procurement processes.

Among the most significant changes to Law 22 are the following:

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