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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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Tightened Payment Terms for Public Procurement Suppliers

Spend Network

The UK government's new tightened payment terms for suppliers in public procurement contracts signals a vital move that will have far-reaching impacts across the business landscape when bidding for contracts.

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Public Procurement: Delivering Value to a Community While Making Profit

Tracker Intelligence

When the government purchases goods and services from private businesses, the process is known as public procurement. Public procurement matters because it boosts growth, investment, and jobs. In short, public procurement allows local businesses to serve their communities and taxpayers well.

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The Public Procurement Journey: Tools for Modern Challenges

ivalua

There will be unique challenges public procurement teams will need to address to ensure the bill delivers on its full promise. Chief among these challenges is the need to modernize procurement processes and tools. . Ready to arm your Public Procurement Professionals with the tools they need for modern challenges?

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Women-Owned Business Certification Programs “Sello Empresa Mujer”: An Effective Tool to Promote Women’s Participation in Public Procurement

Inter-American Development Bank

Public procurement accounts for around 13-20% of global GDP , so it has the potential to be an important tool for governments to promote gender equality. Women-led businesses are currently underrepresented in public procurement awards. It can also have benefits for governments.

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The Corruption Cost Tracker: Quantifying the costs of corrupt contracting and the savings to be made from reform

Curbing Corruption in Government Contracting

Public procurement constitutes about one-third of government spending or 13 trillion USD per year. Corruption in public procurement can lead to: 1) Overpriced public procurement contracts contributing to larger budget deficits. GTI-R/2020:02, Budapest: Government Transparency Institute. Full PDF

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How Government Contracting (Government Procurement) Offers Opportunities for Innovation

Tracker Intelligence

The popularity of government contracting is a testament to how beneficial the process can be for your business. But beyond the financial rewards, what does your business stand to gain from getting involved in public procurement with the government? The popularity of government procurement contracts has persisted ever since.