Public Procurement Service Expands One-Stop Electronic Contract Application Items from 3 to 107

The Public Procurement Service announced on the 27th that it will significantly expand the number of product names in the multi-supplier contract automation system applying the one-stop smart electronic contract method from 3 to 107.

This system streamlines the contract procedure by handling the review and approval process collectively, reducing the maximum 10-step process to 3 steps (contract request → submission of negotiated price → contract draft), thereby resolving administrative inefficiencies in the multi-supplier contract signing process.

Additionally, by automatically processing evaluation and negotiation standard price calculations within the system, the time required for contracts, which previously averaged 50 days, is shortened to within 5 days, enhancing the efficiency of multi-supplier contract operations.

Moon Kyung-rye, Director of the Fair Procurement Bureau at the Public Procurement Service, stated, “We will help reduce the time and costs that procurement companies need to invest to conclude multi-supplier contracts by expanding the product names to which the multi-supplier contract automation system is applied. Ultimately, the goal is to enable all product names to conclude multi-supplier contracts using this system.”

This content was produced with the assistance of AI translation services.