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One could be forgiven for simplifying the goal of procurement to ensuring that public money is well spent , which could be further elaborated (following Schooner 2002 ) to encompass promoting integrity and value for money in the award of public contracts, and acting transparently to facilitate accountability.
A bid security may be a fixed monetary sum or a percentage of the bid price, usually less than 5%. If the bidders are eligible and qualified, and their prices are reasonable, there is a greater probability that a contract will be signed.
Such delays may damage the Procuring Entity ’s reputation and are a waste of scarce public resources; additionally, contracts are not awarded on time and this results in poor delivery of publicgoods and services. For more complex goods and works requirements, there may be negotiations before contract award.
In reports to public broadcasters NDR and WDR, he explained how these incentivizing operations run and provided drug price lists that illustrated how Germany pharmacists were inflating the price of life-saving chemotherapy drugs, often doubling their cost.
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