The Lead Central Banks are the key pillar of EPCO joint procurement activities.

On a voluntary basis and subject to their nomination by the ECB Governing Council, they act as contracting authority in charge of carrying out a joint tender procedure for its benefit and for the benefit of the central banks participating in the individual procurement.

When performing this role, they implement the procurement in accordance with the procurement rules to which the leading central bank is subject, always in respect of the relevant procurement rules and principles.

When launching a joint procurement under the EPCO umbrella, the leading central bank, specifies in the tender documents the nature of the joint activity, as well as the potential participating institutions and the structure of the contractual relationships.