Buyers Procurement Contracts Public Procurement 
Inter-American Development Bank
OCTOBER 31, 2024
Public procurement spending accounted for an average of 30% of total public spending across the region [1] and as much as 74% of that spending is wasted due to inefficiencies [2] , according to data from FISLAC , an analytics platform developed by the IDB’s Fiscal Management Division (FMM). What is Smart Public Procurement?
The Procurement School
NOVEMBER 16, 2023
Vendors would not trust the Director; fellow procurement professionals would treat the Director differently and there would be a possibility of being sued by the disgruntled compliant bidders. For example, a Buyer was tasked with ordering scientific equipment and lab supplies for a university in Africa. The money was sent.
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Inter-American Development Bank
MARCH 9, 2023
Public procurement accounts for around 13-20% of global GDP , so it has the potential to be an important tool for governments to promote gender equality. Women-led businesses are currently underrepresented in public procurement awards. It can also have benefits for governments.
Tracker Intelligence
JULY 20, 2022
The popularity of government contracting is a testament to how beneficial the process can be for your business. But beyond the financial rewards, what does your business stand to gain from getting involved in public procurement with the government? The popularity of government procurement contracts has persisted ever since.
Curbing Corruption in Government Contracting
OCTOBER 5, 2020
Public procurement constitutes about one-third of government spending or 13 trillion USD per year. Corruption in public procurement can lead to: 1) Overpriced public procurement contracts contributing to larger budget deficits. GTI-R/2020:02, Budapest: Government Transparency Institute.
The Procurement School
JANUARY 22, 2024
Author: Graham Allen It is often said, “… working in public procurement is akin to being in a fish bowl with the cat watching.” This is an indication of the level of transparency and accountability required by public procurement professionals. Preparation Each procurement is technically a legal case waiting to happen.
How to Crack a Nut
APRIL 4, 2023
Some of DRCF’s findings in the AI procurement report are astonishing, and should attract significant attention. The report is not specifically about public procurement of AI, but its content is relevant to assessing the conditions surrounding the acquisition of AI by the public sector. This is extremely worrying.
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