Bogota Foreign Investment Guide

12. Public Procurement Regime

What is inside?

Preliminary stage

  1. Migratory Regime
  2. International Investment Agreements & Trade Treaties
  3. Foreign Investment Incentives
  4. Foreign Investment & Currency Exchange Regime
  5. Business Creation
  6. Tax Regime
  7. Intellectual Property

Investment stage

  1. Financial Regime
  2. Labor System
  3. Real Estate Acquisition and Leasing
  4. Customs Regime and Free Trade Treaties

On operation

  1. Public Procurement Regime
  2. Mergers and Acquisitions (M&A) Processes
  3. Competition Regime
  4. Environmental Regime
  5. Green Investments
  6. Investment in Dynamic Ventures
  7. Cross-Border e-Commerce
  8. Conflict Resolution Mechanisms

Business close stage

  1. Corporate Insolvency Law

The public procurement regime in Colombia has been revised and adapted to incorporate best contracting practices, enhance the use of information technology for accessing and publicizing selection processes, and implement measures aimed at preventing corruption.

In most cases, the selection processes will establish two types of requirements:

  • Qualifying: these allow to know which proposals are qualified to move forward in the process. 
  • Scorable: these determine the weighting of the proposals.

Those allowed to contract with the State can be individuals or legal entities, either national or foreign. Likewise, plural proposals are anticipated through collaborative contracts, known as consortia or temporary unions.

In Colombia, there are currently five ways for selecting contractors who wish to engage with the State:

  • Public bidding.
  • Abbreviated selection.
  • Minimum amount process.
  • Merit-based bidding.
  • Direct contracting.

On the other hand, there is the Public-Private Partnership (PPP), which is the ideal mechanism to attract private capital through contracts between a state entity and a private actor (company or individual), with the aim of developing and operating public goods and services. Projects can originate from either a public initiative or a private initiative.

If you would like to learn more about the topics mentioned, including the State contracting regime for foreigners, disabilities, and incompatibilities; the Single Registry of Proponents (RUP); the requirements for State contracts; and many other related subjects, we invite you to download the complete chapter.

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Legal notice

In compliance with the provisions of Article 10 of Decree 1377 of 2013, regulatory of Law 1581 of 2012, THE CORPORATION FOR DEVELOPMENT AND PRODUCTIVITY BOGOTA REGION-REGION DINAMICA -INVEST IN BOGOTA (hereinafter INVEST IN BOGOTÁ), as the data controller of the personal data obtained through the different management and information and contact channels offered through its web portal or other means of contact, requests investors, entrepreneurs, allies, journalists, suppliers, users, and in general, any natural person holding personal data who has been a user of the services and/or products offered by INVEST IN BOGOTÁ,authorization to continue with the processing of your personal data in accordance with the privacy policies that have been established under the parameters of Law 1581 of 2012 on Personal Data Protection in Colombia. The information and personal data provided to INVEST IN BOGOTÁ may be processed, collected, stored, used, circulated, deleted, shared, updated and/or transmitted, in accordance with the terms and conditions of the privacy policies established by the corporation, as applicable, mainly for promotional, commercial, administrative, contact and in general, to enable the provision of its services and the disclosure of its products and services. In accordance with the procedures contained in Law 1581 of 2012 and Decree 1377 of 2013, holders may exercise their rights to know, update, rectify and delete their personal data by sending their request the email pqrf@investinbogota.org if you prefer, by contacting in Bogota to telephone 317 7806 158 nationwide or thePOL-DE-05. V06. Personal Data Treatment Policy.pdf may be consulted on the Invest in Bogotá website.