Epco Short

Question 1

What does EPCO stand for?

Answer 1

Eurosystem Procurement Coordination Office

Question 2

How many projects were coordinated by EPCO?

Answer 2

155 projects coordinated (procurement/studies/contracts)

Question 3

What is the maximum duration of joint contracts estimated by EPCO?

Answer 3

988 € Million of total estimated value of joint contracts (max. duration)

Question 4

What was the total amount spent in EPCO contracts?

Answer 4

139.6 € Million of spent in EPCO contracts

Question 5

What are the net estimated benefits/cost avoidance reported by EPCO?

Answer 5

24.6 € Million of net estimated benefits / cost avoidance (lower bound)

Question 6

What was the satisfaction rate of Central Banks regarding EPCO?

Answer 6

95% Central Banks’ satisfaction rate

Question 7

How many lead central banks were involved in driving procurement cooperation?

Answer 7

10 Lead Central Banks driving procurement cooperation

Question 8

Fill in the blank: EPCO has agreements with _______ economic operators.

Answer 8

55

Question 9

True or False: EPCO reported a satisfaction rate of over 100%.

Answer 9

False

Question 10

What was the total estimated value of joint contracts coordinated by EPCO?

Answer 10

988 € Million

Question 11

What is the primary purpose of EPCO?

Answer 11

To support joint procurements among Central Banks

EPCO stands for Eurosystem Procurement Coordination Office.

Question 12

What are the expected outcomes of joint procurement through EPCO?

Answer 12

Achieve better conditions, reduce procurement efforts, and promote innovative solutions

Key benefits include better prices, rights, obligations, and resource management.

Question 13

What is a Lead Central Bank in the EPCO framework?

Answer 13

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.

Question 14

What does TIOLI stand for?

Answer 14

‘Take-it-or-leave-it’

This option allows the Lead Central Bank to open the local contract as it is.

Question 15

What is the role of Participating Institutions in the EPCO process?

Answer 15

Other Central Banks or NCAs that may join the contract

They can participate in the procurement coordinated by the Lead Central Bank.

Question 16

What is the ‘Standard’ EPCO procedure?

Answer 16

The Lead Central Bank coordinates requirements with other interested Central Banks

This ensures that the needs of all participating entities are considered.

Question 17

Fill in the blank: The EPCO framework is designed to achieve _______ solutions.

Answer 17

[innovative / sustainable / efficient / good quality]

Question 18

True or False: The EPCO framework only benefits a single Central Bank.

Answer 18

False

The framework is intended for joint procurement involving multiple Central Banks.

Question 19

What is a reason for a Central Bank to use EPCO?

Answer 19

Resource issues in the Committee or Business Area

Delegating procurement services can help address these issues.

Question 20

What does EPCO stand for?

Answer 20

Eurosystem Procurement Coordination Office

Question 21

Name a main business domain of EPCO.

Answer 21

• Information & Communication Technology & ESCB Projects
• Market Data Services
• Banknotes Related Items
• Travel Services
• Other Goods and Services

Question 22

What types of services are included in Information & Communication Technology & ESCB Projects?

Answer 22

• Software & related services
• Equipment & maintenance
• Research, advisory consultancy and training services

Question 23

What services fall under Market Data Services?

Answer 23

• Credit ratings and research data
• Financial/market data and platforms
• Market and reference data, tools and training services

Question 24

What are the categories of items related to Banknotes?

Answer 24

• Equipment and complementary items
• Transportation & packaging
• Research and consultancy services

Question 25

What services does EPCO offer in the Travel Services domain?

Answer 25

* Travel Security Services * Hotel Programme * Airline services

Question 26

Fill in the blank: EPCO provides _______ services that include consultancy and subscriptions to business information services.

Answer 26

Other Goods and Services

Question 27

True or False: EPCO offers training services as part of its business domains.

Answer 27

True

Question 28

What are the EPCO Services?

Answer 28

EPCO Services support the Lead Central Banks in joint projects, offering large expertise ## Footnote EPCO stands for European Central Bank Procurement Organization, which aids in various procurement activities.

Question 29

What is the purpose of Joint Requirements Surveys?

Answer 29

To collect Central Banks' needs and volumes, benchmarking with conditions from other Central Banks/third parties, market information, and establishment of 'Expert Groups' ## Footnote Expert Groups provide key input to define business requirements.

Question 30

What does Legal Support & Quality Assurance involve?

Answer 30

Review of joint tender and contract documentation, advice on 'joint' related aspects, verification of inclusion of Central Banks mandates, and organisation of participation ## Footnote This ensures compliance with legal and quality standards for joint projects.

Question 31

What kind of support is provided in Joint Negotiations?

Answer 31

Support in defining negotiation strategy, tailor-made consultancy, and participation in negotiations invoking 'joint Eurosystem purchasing power' ## Footnote This support aims to strengthen the bargaining position of Central Banks.

Question 32

What does Contract Implementation Support include?

Answer 32

Preparation of contract usage guidelines, assessment of best contract solutions, clarifications on implementation issues, and contract monitoring ## Footnote This support helps ensure effective execution of contracts.

Question 33

What is the role of Support in Tender Preparation?

Answer 33

Advice in defining procurement strategy, review of tender documentation, and participation in evaluation groups ## Footnote This ensures that tenders are well-prepared and meet necessary criteria.

Question 34

What does the Communication Channel function as?

Answer 34

Hub of information for central banks/NCAs on joint tenders and contracts, preparation and collection of mandates, and organisation of participation ## Footnote This facilitates better communication and collaboration among Central Banks.

Question 35

What support is offered in Contract & Vendor Management?

Answer 35

Support in contract modification and renewal, performance assessment, escalation of issues, and reporting ## Footnote This ensures ongoing management and improvement of vendor relationships.