article thumbnail

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. The interplay between these principles ensures the responsible and transparent management of public funds, crucial for meeting community needs while optimizing economic benefits.

article thumbnail

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.

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

Public procurement (entry for an Encyclopaedia)

How to Crack a Nut

I was invited to provide an entry on ‘public procurement’ for the forthcoming Elgar Encyclopedia of European Law co-edited by Andrea Biondi and Oana Stefan. things going on in procurement. Public Procurement I. Below is my draft entry with perhaps an eclectic choice of content.

article thumbnail

Updated Scottish Government Procurement Strategy 2025 – 2028

Scottish Government Procurement

It is closely aligned with the road map and vision for public procurement as laid out within the Public Procurement Strategy for Scotland and sets out how we will deliver on our priorities and maximise the impact of our procurement spend.

article thumbnail

A focus on people: Delivering better public procurement

Open Contracting Partnership

Procurement technology itself is ripe for innovation and testing new solutions that are human-centered. Procurement shapes local economies Beyond service delivery, public procurement profoundly impacts local economies. trillion annually on goods, services, and labor. In the U.S., governments spend $4.4

article thumbnail

7 Secrets to Quicky Become Proficient in Public Procurement

The Procurement ClassRoom

Introduction Many of us begin working as newly appointed public procurement practitioners with no idea of what to do or where to start. Over the years, I’ve come to the conclusion that to quickly achieve proficiency in public procurement management, there are seven things you need to do.

article thumbnail

Unlocking opportunities: How Ekiti State, Nigeria is enabling women businesses through better procurement practices

Open Contracting Partnership

But these businesses rarely take part in public procurement due to long-standing cultural barriers, overly bureaucratic processes and the sense that to win public contracts, they must have the right connections. The bidding process was also restructured to lower the barriers for such businesses to register and submit bids.