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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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Modernizing Public Infrastructure: The Power of Strategic Procurement

The Procurement ClassRoom

However, one critical element often overlooked in these discussions is public procurement. Far from being a mere bureaucratic task, procurement is the mechanism through which governments acquire the infrastructure and technology needed for this transformation.

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Procurement Methods vs. Solicitation Tools: What Every Procurement Professional Needs to Know

The Procurement ClassRoom

Throughout the evolution of project and public procurement management, terms and expressions in the field have increasingly been used interchangeably. Procurement decisions may also be influenced by emergencies, such as the need for the prompt delivery of goods and services to address disasters like earthquakes or hurricanes.

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Advancements in Transparency and Integrity through Blockchain in Public Procurements

Public Contracting Institute

In the era of digital transformation, blockchain technology emerges as a beacon of hope for enhancing transparency and integrity in public procurements. Key Takeaways Aspect Impact of Blockchain Transparency Ensures real-time visibility and traceability of transactions.

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Enhancing Competition in Public Procurement: Lessons from the NAO Report

Tracker Intelligence

Competition in public procurement is not limited to financial competition; it is a key source of innovation and guarantees the fair allocation of public contracts. If not resolved quickly, these issues could lead to higher costs, less innovation and missed opportunities to improve public services.

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The Role Of Social Value In Public Procurement: Driving Community Impact

Tracker Intelligence

Public procurement these days is not just about acquiring goods and public services at low costs. Social value is a transformative approach shaping how public contracts are awarded and executed. What Is Social Value In Public Procurement? Why Does Social Value Matter In Public Procurement?

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Impact of PPN 02/24 on AI Use in Public Procurement

Tracker Intelligence

As these systems begin to play a more important role, the government needs to uncover the risks associated with using artificial intelligence in procurement, and what steps need to be taken to manage these risks effectively. The UK Cabinet Office published the Procurement Policy Note (PPN 02/24). What is PPN 02/24?