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Latest Info on Colombia gov spend, Public Purchasing, Govt budget & Public spending

Public Procurement in Colombia

Public Procurement in Colombia represents a core pillar of public financial management and economic governance. Through public procurement, the Colombian government acquires goods, works, and services required for public administration, infrastructure delivery, social protection, and sectoral development.

Government procurement in Colombia connects public institutions with domestic and international suppliers through a legally structured and digitally enabled system. For national firms, government tenders in Colombia represent a major source of commercial opportunity. For international contractors and consultants, Colombia offers one of the most advanced and data-rich procurement environments in Latin America.

This page provides a complete, data-accurate overview of Colombia’s public procurement system based entirely on the official country profile reference.

Country & Economic Overview

CountryColombia
RegionLatin America and the Caribbean
Population52.9 million (2024)
Income LevelUpper middle-income economy
Base CurrencyUnidad de Valor Real
Conversion Rate to USD 4,072.6 (2024)
Gross Domestic Product (GDP)USD 350 billion (2024)
Gross National Income (GNI) USD 342 billion (2024)
GNI per CapitaUSD 6,950 (2024)

Colombia is an active participant in international economic and development institutions, including the Caribbean Development Bank (CDB), Inter-American Development Bank Group (IDB/IADB), IFAD, IMF, UNCTAD, and the WTO.

Public Procurement Governance Framework

Public Procurement Agency (PPA)Colombia Compra Eficiente
PPA Websitehttps://www.colombiacompra.gov.co/
Central Purchasing BodyColombia Compra Eficiente
Is PPA a CPB?Yes
Relevant MinistryNational Planning Department
CPB Websitehttps://community.secop.gov.co/STS/Users/Login/Index
Sectors Covered by CPBAgriculture, Education, Energy & Extractives, Information & Communication, Public Administration, Social Protection, Transportation, Water / Sanitation / Waste

Colombia Compra Eficiente acts as the regulatory authority, system operator, and central purchasing body for national public procurement.

Legal & Regulatory Framework

  • Primary procurement legislation includes Law 80, Law 1150, Law 1712, Law 2069, and Decree 1082 of 2015
  • MEAT (Most Economically Advantageous Tender): Article 2.2.1.1.2.2.2, Decree 1082 of 2015
  • Bid securities: Article 7, Law 1150
  • Public bid openings: Article 24, Law 80
  • Domestic preference: Article 21, Law 80
  • SME participation: Article 34, Law 2069
  • Complaint resolution period: Article 68, Law 80 (15 days)
  • Contract award disclosure: Article 10, Law 1712
  • Tender thresholds and direct contracting limits: Article 2, Law 1150
  • Bid validity periods for goods, works, and services: Article 2.2.1.1.2.1.3, Decree 1082 of 2015

Procurement Procedures & Thresholds

Open ProceduresRegulated under Decree 1082 of 2015
Direct Contracting ThresholdsArticle 2, Law 1150
Advertisement PeriodsDecree 1082 of 2015, Chapter 2
Average Days from Advertisement to Award20 days
Average Bid Evaluation Time7 days


E-Procurement System Overview

System NameSECOP
Websitehttps://www.colombiacompra.gov.co/colombia-compra/secop
Launch Year2011
Ownership ModelGovernment owned and operated
Supported FunctionseProcurement Plan, ePublishing, eTendering, eQuotation, ePurchasing (P2P)
Supported LanguagesSpanish (Castilian)
Supported CurrencyColombian Peso
OCDS Data Portalhttps://www.colombiacompra.gov.co/transparencia/gestion-documental/datos-abiertos
Tender Documents DownloadableYes


Procurement Market Characteristics

Annual Tenders313,978
Annual Tender ValueUSD 4,599,702,382
Annual Contracts255,471
Annual Contract ValueUSD 4,573,909,229

Contract awards by category include:

  • Goods: 2,135 awards (USD 32,897,285)
  • Works: 57 awards (USD 44,261,887)
  • Services: 222,586 awards (USD 2,092,530,426)

Domestic awards total 255,295 contracts valued at USD 4,547,635,347, while international awards number 133,827 with a reported value of USD 6,796,077,327,417.

Transparency, Complaints & Oversight

  • Number of cancelled procurement procedures: 37
  • Complaint resolution period: 15 days
  • Public procurement data published through SECOP and Power BI dashboards

Sustainability & Green Public Procurement

  • Green public procurement strategy and roadmap: Yes
  • Green procurement applied in sectors including agriculture, education, energy, ICT, transport, water, and public administration
  • Green procurement practices mandatory under public procurement law
  • Specific sustainability criteria and supplier guidance published by the Ministry of Environment
  • Green certifications required for suppliers

Social & Ethical Procurement Considerations

  • SME awards: 10,975 contracts valued at USD 187,983,803
  • No mandatory quotas specified for women-owned or disadvantaged-group businesses
  • No explicit legal obligation for international labour standards listed

Key Challenges & Practical Insights for Bidders

  1. High volume of procurement activity requires strong compliance capacity
  2. SECOP data-driven transparency increases audit and documentation expectations
  3. Direct contracting remains prevalent alongside open procedures
  4. Suppliers benefit from understanding sustainability and SME-related provisions

Public Procurement in Colombia is one of the most transparent, data-intensive, and digitally advanced procurement systems in the region. Suppliers that align with legal, technical, and sustainability requirements are best positioned for success.


Flag of Colombia

Flag of Colombia

Emblem of Colombia

Emblem of Colombia

Capital
Bogota
ISO 3166 Code
CO
Population
47,948,500
Area, Sq KM
1,197,411
Currency
Peso
GDP, Billion USD
3,78,415
Language
Spanish
GDP Growth Rate, %
5.0
Inflation, Avg CP, %
4.50
Interest Rates, %
-
Unemployement Rate, %
9.3
Exchange Rate, 1 USD Equals
2537.93
International dial code
57
Time ZONE
GMT-05:00
Internet TLD
.co

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