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Smart Public Procurement for Better Public Spending in Latin America and the Caribbean

Inter-American Development Bank

Smart public procurement refers to making optimal decisions to minimize waste and enhance the quality, efficiency and sustainability of public spending when purchasing and contracting goods, works and services. Better fiscal balances will contribute to greater macroeconomic stability. What is Smart Public Procurement?

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A Balancing Act: Drive Sustainability while Managing Cost and Risk

ivalua

Ivalua Spend Management Insights [ivory-search] A Balancing Act: Drive Sustainability while Managing Cost and Risk April 27, 2023 | | Supply Chain by Vishal Patel Cost, Risk, and Sustainability. The question is, how do you balance all three while maintaining continuous operations and generating revenue at the same time?

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Effectiveness and Efficiency in Public Procurement: Key Pillars for Optimal Resource Management

The Procurement ClassRoom

The interplay between these principles ensures the responsible and transparent management of public funds, crucial for meeting community needs while optimizing economic benefits. It aims to achieve best value for money by balancing life-cycle costs and quality to meet user needs beyond just the lowest initial price.

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10 success factors for implementing e-procurement system

Open Contracting Partnership

Public procurement needs to be more transparent, efficient, and accountable to tackle the major social and economic challenges faced by governments across the world. Transparency on legal and regulatory frameworks To make e-GP systems work effectively, it’s essential to have supportive legislative arrangements in place.

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How city governments can navigate the fiscal cliff

American City & Country

Louis struggle with resource constraints and grapple with the significant challenges cities face in balancing budgets, maintaining public services and managing infrastructure needs. Regularly updating financial models and engaging in long-term fiscal strategy development can provide a clearer roadmap for sustainability.

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The 3 revolutions of public procurement in Africa

Open Contracting Partnership

As the largest portion of the economy that is directly in government’s hands, public procurement is now at the forefront of interventions in digitizing government business, and advancing inclusive development, sustainability, and open government. This was not always the case.

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How to Bid on Government Jobs: A Practical Guide

Select GCR

Detail your methodology to explain how you plan to maintain transparency and address issues promptly. Balancing competitive pricing with maintaining profitability is critical when bidding on government contracts. A successful technical approach outlines methodologies and demonstrates how the proposed solutions meet customer needs.

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