NCMA’s December 2012 flagship publication, Contract Management, published the article Comparative Best Practices in Public Sector Contracting — How the FAR Excels in the Socioeconomic Perspective. The piece provides a brief breakdown of five major procurement regimes including the the European Union’s Procurement Directives used by the European Union and the U.S.’s Federal Acquisition Regulation. However, China’s procurement regime was not mentioned. This is important two reasons:
There are many reasons for a shortened timeframe including a well-trained workforce and a growing economy. I suspect that one reason is the improvement in Chinese procurement practices and policies, but it is difficult to find information on on this topic. If the Chinese have improved in this area, it would be helpful for Americans to understand how. A comprehensive study on Chinese procurement practices and policies could be integrated into a class titled Comparative Procurement Regimes studying American, European and Chinese procurement models. This class would be very helpful in training the next generation of contracting professionals in the same way a comparative government helps you understand your own government.
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