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Procurement decisions may also be influenced by emergencies, such as the need for the prompt delivery of goods and services to address disasters like earthquakes or hurricanes. The level of competition in the market can also influence the choice of procurement method.
These reactions can lead to strict risk management and purchasing policies with overly complicated bid documents and onerous requirements that are imposing on potential SME bidders. Additionally, a simplistic risk transfer strategy may reduce market interest, and the number of bids submitted.
Competition in public procurement is not limited to financial competition; it is a key source of innovation and guarantees the fair allocation of public contracts. If not resolved quickly, these issues could lead to higher costs, less innovation and missed opportunities to improve public services.
As an international leader in procurement, Craig has executed major procurement reforms and brought innovative methods to the organizations he’s worked at, including the City of Lethbridge and the Cayman Islands government. Paywalls can shrink your bidder pool. Having ownership gives you more control over the platform.
Public procurement encourages collaboration between government and private enterprises, in turn allowing public authorities to achieve sustainable and circular practices. The following blog will provide a more detailed exploration of creating sustainable procurementstrategy, their benefits and challenges during implementation.
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