Public Procurement Service Revises Excellent Procurement Goods Regulations... Expanding Support for Innovative Procurement

[Asia Economy Reporter Jeong Il-woong] The Public Procurement Service (PPS) has revised the regulations for excellent procurement products, which will take effect from September 1.

According to the PPS on the 16th, the regulation revision focuses on expanding the technological innovation of excellent products, supporting the overcoming of job crises, and alleviating the burdens on industries producing excellent products related to disasters, with the aim of expanding the entry of innovative products into the excellent procurement products category.

First, through the regulation revision, the PPS plans to significantly expand the scope of special review for excellent products to include ‘innovative prototype products’ and R&D innovative products purchased by the PPS, thereby lowering the market entry barriers for innovative products to become excellent products.

Additionally, to assist promising products with high growth potential expected to create new markets in entering the procurement market, a separate evaluation system will be established where the technology-to-quality evaluation ratio is set at 6 to 4, and the innovation evaluation score is expanded from 10 points to 30 points.

The revised regulations also include newly established grounds for extending the designation period of excellent products to overcome national economic crises caused by disasters, economic recessions, and mass unemployment.

Lee Hyun-ho, Director of the New Technology Service Bureau at the PPS, stated, “In preparation for the post-COVID-19 era, it is necessary to proactively discover innovative products and products in future growth engine sectors in the government procurement market.” He added, “In this context, the recent regulation revision will support public innovation procurement, contribute to job creation, and alleviate the burdens on excellent product industries.”

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