Remove Finance Remove Procurement Strategies Remove Public Procurement
article thumbnail

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?

article thumbnail

Simplifying Public Sector Procurement: Strategies to Increase Sme Participation

The Procurement School

The intention is to encourage consideration of ways to simplify and open opportunities for SMEs to efficiently participate in more public procurements. The suggestions apply to all segments of competitive bidding, including the SME segments of Supplier Diversity, Indigenous and Social Procurement.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Scottish Procurement Vlog – 2024

Scottish Government Procurement

I’d like to welcome Mr. McKee as the Minister for Public Finance and as the Minister responsible for procurement. I’m sure the Minister is looking forward to reconnecting with the Scottish procurement community. Obviously we’ve got some breaking news.

article thumbnail

Our 2030 vision: Better procurement for people and planet

Open Contracting Partnership

Public procurement should be all about people. That’s why we are leading our new strategy with a bold ambition that puts people right at the center of our work and impact. Our world runs on public contracts. Public procurement covers $13 trillion of spending every year, one in every three dollars spent by our governments.

article thumbnail

Six opportunities to promote resilience and decarbonization through fiscal policy

Inter-American Development Bank

This objective implies two major challenges for finance ministries. Spending, taxation, public investment, debt management and financing policies can contribute to transform the behavior of different economic actors. C as possible.

Finance 52
article thumbnail

Procurement Act 2023: What’s next and why you should act now

VWV

In the case of direct awards, procurements are treated as having commenced if a contracting authority has notified a supplier of its intention to direct award. Understanding the NPPS Under section 13 of the Act, contracting authorities must consider the NPPS in their procurement processes. What can you do to prepare?

article thumbnail

Scottish Procurement Vlog – March 2025

Scottish Government Procurement

Where Ill be taking a look back at some of the recent developments and a quick look forward at what’s coming up across the public procurement community. First up, the Minister for Public Finance, Ivan McKee, recently brought together the leadership of public bodies, elected and operational leadership of Local Government.