Tenders in Iceland

Public procurement in Iceland

Key facts for bidders, checked against official sources (2026-10). General information, not legal advice. Always confirm the rules in the tender documents and on the official portal.

Main procurement law

Act on Public Procurement, No. 120/2016 (2016) — implements the EU public procurement directives

Regulator

Ministry of Finance and Economic Affairs

Official portal

Útboðsvefur (public tenders website)

WTO procurement agreement

Iceland is covered by the WTO Agreement on Government Procurement (GPA): above set value thresholds, suppliers from other GPA parties must be treated like local ones.

Foreign bidders

Iceland applies the EU procurement directives through the EEA Agreement, so suppliers from EEA states compete on equal terms. Notices for contracts above the EEA thresholds must be sent to the EU Publications Office (TED) first.

Notice languages

Icelandic

Currency

ISK

Good to know

Iceland is not an EU member. Since 1 August 2024, Fjársýsla ríkisins (Financial Management Authority) has taken over the central purchasing work of Ríkiskaup, which was dissolved.

Trade snapshot

GDP (2025)

US$38.6 billion

Exports (2025)

US$15.5 billion in goods and services

Imports (2025)

US$16.3 billion in goods and services

Trade share (2025)

82% of GDP

Average tariff (2022)

1.6% (applied, trade-weighted, all products)

Source: World Bank, World Development Indicators (CC BY 4.0).

Iceland on FreeTender right now

34 open notices; the busiest sectors are construction & infrastructure (11), facility management & cleaning (6), it & telecom (5), transport & logistics (4) and water & environment (3).

Most active buyers: Fjársýsla ríkisins (7), Vegagerðin (6), Landsvirkjun (4), Faxaflóahafnir sf. (3), Veitur ohf. (2).

Sources: government.is · island.is · utbodsvefur.is

About tenders in Iceland

Public bodies and private organisations in Iceland publish tenders to procure goods, works and services. On FreeTender you can browse open opportunities by sector, read the full notice and key dates, and go to the official source to verify and apply. Set up a free alert to be notified as soon as new Iceland tenders that match your keywords are published.

Browse Iceland tenders by sector