Epco Short Flashcards
What does EPCO stand for?
Eurosystem Procurement Coordination Office
How many projects were coordinated by EPCO?
155 projects coordinated (procurement/studies/contracts)
What is the maximum duration of joint contracts estimated by EPCO?
988 € Million of total estimated value of joint contracts (max. duration)
What was the total amount spent in EPCO contracts?
139.6 € Million of spent in EPCO contracts
What are the net estimated benefits/cost avoidance reported by EPCO?
24.6 € Million of net estimated benefits / cost avoidance (lower bound)
What was the satisfaction rate of Central Banks regarding EPCO?
95% Central Banks’ satisfaction rate
How many lead central banks were involved in driving procurement cooperation?
10 Lead Central Banks driving procurement cooperation
Fill in the blank: EPCO has agreements with _______ economic operators.
55
True or False: EPCO reported a satisfaction rate of over 100%.
False
What was the total estimated value of joint contracts coordinated by EPCO?
988 € Million
What is the primary purpose of EPCO?
To support joint procurements among Central Banks
EPCO stands for Eurosystem Procurement Coordination Office.
What are the expected outcomes of joint procurement through EPCO?
Achieve better conditions, reduce procurement efforts, and promote innovative solutions
Key benefits include better prices, rights, obligations, and resource management.
What is a Lead Central Bank in the EPCO framework?
A Central Bank that takes the lead in the joint procurement project
National procurement rules apply to the procurement led by the Lead Central Bank.
What does TIOLI stand for?
‘Take-it-or-leave-it’
This option allows the Lead Central Bank to open the local contract as it is.
What is the role of Participating Institutions in the EPCO process?
Other Central Banks or NCAs that may join the contract
They can participate in the procurement coordinated by the Lead Central Bank.
What is the ‘Standard’ EPCO procedure?
The Lead Central Bank coordinates requirements with other interested Central Banks
This ensures that the needs of all participating entities are considered.
Fill in the blank: The EPCO framework is designed to achieve _______ solutions.
[innovative / sustainable / efficient / good quality]
True or False: The EPCO framework only benefits a single Central Bank.
False
The framework is intended for joint procurement involving multiple Central Banks.
What is a reason for a Central Bank to use EPCO?
Resource issues in the Committee or Business Area
Delegating procurement services can help address these issues.
What does EPCO stand for?
Eurosystem Procurement Coordination Office
Name a main business domain of EPCO.
- Information & Communication Technology & ESCB Projects
- Market Data Services
- Banknotes Related Items
- Travel Services
- Other Goods and Services
What types of services are included in Information & Communication Technology & ESCB Projects?
- Software & related services
- Equipment & maintenance
- Research, advisory consultancy and training services
What services fall under Market Data Services?
- Credit ratings and research data
- Financial/market data and platforms
- Market and reference data, tools and training services
What are the categories of items related to Banknotes?
- Equipment and complementary items
- Transportation & packaging
- Research and consultancy services
What services does EPCO offer in the Travel Services domain?
- Travel Security Services
- Hotel Programme
- Airline services
Fill in the blank: EPCO provides _______ services that include consultancy and subscriptions to business information services.
Other Goods and Services
True or False: EPCO offers training services as part of its business domains.
True
What are the EPCO Services?
EPCO Services support the Lead Central Banks in joint projects, offering large expertise
EPCO stands for European Central Bank Procurement Organization, which aids in various procurement activities.
What is the purpose of Joint Requirements Surveys?
To collect Central Banks’ needs and volumes, benchmarking with conditions from other Central Banks/third parties, market information, and establishment of ‘Expert Groups’
Expert Groups provide key input to define business requirements.
What does Legal Support & Quality Assurance involve?
Review of joint tender and contract documentation, advice on ‘joint’ related aspects, verification of inclusion of Central Banks mandates, and organisation of participation
This ensures compliance with legal and quality standards for joint projects.
What kind of support is provided in Joint Negotiations?
Support in defining negotiation strategy, tailor-made consultancy, and participation in negotiations invoking ‘joint Eurosystem purchasing power’
This support aims to strengthen the bargaining position of Central Banks.
What does Contract Implementation Support include?
Preparation of contract usage guidelines, assessment of best contract solutions, clarifications on implementation issues, and contract monitoring
This support helps ensure effective execution of contracts.
What is the role of Support in Tender Preparation?
Advice in defining procurement strategy, review of tender documentation, and participation in evaluation groups
This ensures that tenders are well-prepared and meet necessary criteria.
What does the Communication Channel function as?
Hub of information for central banks/NCAs on joint tenders and contracts, preparation and collection of mandates, and organisation of participation
This facilitates better communication and collaboration among Central Banks.
What support is offered in Contract & Vendor Management?
Support in contract modification and renewal, performance assessment, escalation of issues, and reporting
This ensures ongoing management and improvement of vendor relationships.
