12. STATE CONTRACTING
The legal regime of government procurement in Colombia is mainly contained in the General Statute of Public Administration Contracting or Law 80 of 1993, including its respective amendments, of which Law 1150 of 2007 stands out, which allows natural or legal persons, both national and foreign, to participate in government contracting processes in Colombia through the mechanisms explained in this chapter.
Under this, the Colombian State seeks the fulfillment of state purposes, the continuous and efficient rendering of public services, and the effectiveness of the rights and interests involved. Consequently, obtaining profits from private parties, whose protection is guaranteed by the State, fulfills a social function subject to certain obligations, principles, procedures, and requirements that must be followed in public procurement processes, described next.
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