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Why Malaysia needs a new public procurement law

Open Contracting Partnership

Among the reform areas identified was the country’s public procurement system. The strategy outlined in the NACP aimed to establish a dedicated public procurement law and revamp existing procurement practices. However, the real challenge lies in translating these principles into effective practices.

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Assessing the Procurement Act 2023: What's in Store for UK SMEs?

Spend Network

The Procurement Bill recently received Royal Assent on 26 October , becoming the Procurement Act 2023. This legislation represents one of the most substantial overhauls of the UK's public procurement system in decades. While now law, the Act's provisions still need to be fully in force.

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What the New UK Procurement Bill Means for Suppliers

Spend Network

The UK's upcoming Procurement Bill , designed to reshape the post-Brexit public procurement system, is entering its final legislative phase. The House of Lords is reviewing amendments proposed by the Commons, with the next session scheduled for October 24, 2023.

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Panel on Trust and Cooperation at the global Revolution Conference 2024

Bestek Procurement

Join us for an insightful panel discussion on "A Question of Trust and Cooperation," where we will delve into the crucial role of trust in public procurement systems and the legal frameworks that support them.

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Understanding Standard Bidding Documents in Public Procurement

The Procurement ClassRoom

Faulty information in these documents can lead to bids that do not meet the actual needs of the procuring entity , compromising the integrity and effectiveness of the procurement process. However, most project and Public Procurement Systems have three main categories: Goods , works and Consulting Services.

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

Open Contracting Partnership

Results: The number of women-led businesses registered in the official state public procurement system increased by 43% from 2021 and 2022 to a total of 158 businesses, winning a total of 47 contracts, up from a mere 7 in 2020.

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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.