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). of GDP, according to FISLAC calculations.

Public Procurement 52

Public Procurement Procurement Strategic Planning Balance 52

The Procurement School

OCTOBER 22, 2024

Mandatory bonding and the financial liquidity required to finance large projects can result in high bid cost. Buyers should examine risk management alternatives to bonding and plan to offer quicker payment terms to improve money flow and lower bid cost.

Participation 52

Participation Procurement Strategies Procurement Buyers 52

VWV

OCTOBER 15, 2024

The Government has now launched a National Procurement Policy Statement stakeholder survey, inviting input from the public sector and suppliers regarding procurement priorities. It is also worth pointing out that the NPPS does not apply procurements by devolved authorities who will have their own procurement policy documents.

Procurement 52

Procurement Supplier Tender Procurement Strategies 52