State entities falling within Parts A1 and A2 of the State Treasury are required to conduct their procurements through Fjársýslan in accordance with the Regulation on the Procurement Arrangements of the State. Fjársýslan manages tender procedures in cooperation with the contracting authority and provides advice on the preparation and implementation of procurements.

Where a framework agreement managed by Fjársýslan is in place, procurements are carried out in accordance with its terms, either through direct call-offs or mini-competitions, as applicable. In such cases, contracting authorities may carry out the procurement under the framework agreement without the involvement of Fjársýslan.

Municipalities and other public entities may conduct their own procurement activities or engage other providers of procurement services. They may seek assistance from private-sector service providers and may also request procurement support from Fjársýslan.