Peru Government Procurement
July 13, 2021
As an open economy with stable pro-market regulations, Peru has become the center of attention in South America for foreign investors. It is known for its transparent institutional framework, prudent economic policies, and favorable competitiveness indicators.
Peru’s government spending is projected to increase by roughly 25% between 2021 and 2024. In the next few years, four key areas for government procurement will be transportation, telecommunications, healthcare, and education. There are three types of government procurement processes in which foreign companies can participate: the public bidding process, Public Private Partnerships, and Government to Government contracts.
This report provides an overview of the Peruvian government procurement process as a Virginia exporter. It includes recommendations based on type of procurement, a step-by-step guide to the process, and future trends and opportunities for Virginia companies.