Remove Price Remove Public Procurement System Remove Sustainability
article thumbnail

How Kazakhstan is combating non-competitive procurement

Open Contracting Partnership

Why it matters An overreliance on non-competitive procedures makes the procurement market highly vulnerable to corruption and inefficient public spending. This undermines business confidence, leading to low competition and higher prices for goods and services. more than the same period in 2023.

article thumbnail

The 3 revolutions of public procurement in Africa

Open Contracting Partnership

Public procurement is like the heartbeat of public spending in most of Africa – by some estimates, it accounts for 17% of the GDP of African Countries. Procurement was long seen as a clerical administrative function, rather than a strategic lever. This was not always the case.

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

Six opportunities to promote resilience and decarbonization through fiscal policy

Inter-American Development Bank

Spending, taxation, public investment, debt management and financing policies can contribute to transform the behavior of different economic actors. The following is a summary of the main opportunities found in this new publication.

Finance 52
article thumbnail

In-Depth Analysis of Framework Agreements in Public Sector Procurement

Tracker Intelligence

These agreements take on even greater importance under the Procurement Act 2023, with greater emphasis on transparency, competition and sustainability. Framework agreements are prearranged contracts entered into by contracting authorities to simplify the procurement process. What Are Framework Agreements?

article thumbnail

Using AI for green procurement

Open Contracting Partnership

Introducing more sustainable procurement policies and processes presents an enormous opportunity for public authorities to not only contribute to reaching carbon emission reduction goals but also to drive sustainable societal and economic development. At present, the low adoption of green criteria is the main barrier.