ABSTRACT
Considerable emphasis has been placed on observing the principles of transparency and accountability, competitiveness and value for money during the procurement process of public-private partnerships. 1
The principles of transparency and accountability reveal the skeleton of public procurement regulation. They have direct influence on two fronts: i) the behavioral patterns of the state, public bodies and contracting authorities and ii) the emergence and structure of a sui generis market place which should have a certain level of competitiveness. The regulation of public procurement, through the principles of transparency and accountability provides for a pedestal of the legal, economic and policy interface between public and private sectors. The principles of transparency and accountability emanating from public procurement regulation also have a transferable nature within public administrations of Member States. Although generic at first sight, their application unfolds desirable effects in the spheres of law and policy, effects which have long-lasting influences.
