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

Inter-American Development Bank

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?

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

The Procurement ClassRoom

Introduction In public procurement , effectiveness and efficiency are crucial for achieving optimal results using public resources judiciously. This discussion delves into the importance of these principles, examining both the goals to be achieved (effectiveness) and the optimal use of resources (efficiency).

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Why Malaysia needs a new public procurement law

Open Contracting Partnership

Among the reform areas identified was the country’s public procurement system. The strategy outlined in the NACP aimed to establish a dedicated public procurement law and revamp existing procurement practices. But at the heart of this transformation lies the principle of transparency.

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2024 – A year in review with the Public Procurement Group (PPG)

Scottish Government Procurement

As 2024 draws to a close, we take a look back at what has been achieved over the last year in Public Procurement in Scotland. We asked members of the Public Procurement Group (PPG) to summarise their sectors 2024 achievements. They show that the 16 billion of public procurement spend, we generated 13.8

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Applying Tirole's socially responsible agencies thesis to public procurement

Telles.eu

In his paper Tirole raises three main problems relevant for public procurement. These will now be looked into in turns on their relevance for public procurement. This is a concern that can be taken lock, stock and barrel from the central bank scenario to public procurement. Third, incentives issues.

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Tab for access: How New York City is increasing participation and access to government contracts

Open Contracting Partnership

For example, over the last several years, the City has transitioned to PASSPort , an end-to-end online procurement system that creates additional transparency and efficiencies in the procurement process. We sat down with City Chief Procurement Officer and MOCS Director Lisa Flores, to learn more about their work.

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Understanding Standard Bidding Documents in Public Procurement

The Procurement ClassRoom

Introduction This article is based on the review of standard bidding documents from several organizations including the World Bank , Millennium Challenge Corporation , the Public Procurement and Concession Commission of the Republic of Liberia , and Public Procurement Authority of Ghana.