publicprocurement
Public procurement is the process by which government agencies and other public sector bodies acquire goods, services, and works from external suppliers. It covers planning, sourcing, contract award, and contract management, with the aim of obtaining value for money while upholding principles of fairness, transparency, competition, and integrity.
The procurement cycle typically includes needs assessment and budget planning, specification development, market consultation, advertisement of
Principles commonly embedded in public procurement include non-discrimination, equal treatment, transparency, proportionality, accountability, and the presumption
Impact and reform: public procurement aims to deliver value for money, stimulate competition, reduce corruption, and