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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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Understanding Minor Deviations in Public Procurement

The Procurement ClassRoom

A minor deviation would be declared on a requirement if it does not result in a disadvantage against the procurement entity such as reducing the quality of the required goods , works or service, or violate the rights of other bidders. Thus, deviations from the evaluation requirement could either be material/major or immaterial/minor.

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UN’s first ever resolution on public procurement: what makes it strong and what’s still missing

Open Contracting Partnership

At 2 am on Saturday morning, the day after the 10th Conference of the States Parties to the UN Convention against Corruption (UNCAC) was meant to end in Atlanta, exhausted negotiators finally adopted a resolution on “ Promoting transparency and integrity in public procurement in support of the 2030 Agenda for Sustainable Development ”.

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Effectiveness and Efficiency in Public Procurement: Key Pillars for Optimal Resource Management

The Procurement ClassRoom

Introduction In public procurement , effectiveness and efficiency are crucial for achieving optimal results using public resources judiciously. The interplay between these principles ensures the responsible and transparent management of public funds, crucial for meeting community needs while optimizing economic benefits.

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Revolutionizing public procurement in Uganda: the power of citizen contract monitoring

Open Contracting Partnership

Challenge: Uganda’s public procurement authorities lack adequate resources and manpower to monitor many major contractors across the country’s more than 100 districts, leading to abandoned projects, missing deliverables and time and cost overruns. The results The numbers tell a compelling story.

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Understanding Standard Bidding Documents in Public Procurement

The Procurement ClassRoom

Introduction This article is based on the review of standard bidding documents from several organizations including the World Bank , Millennium Challenge Corporation , the Public Procurement and Concession Commission of the Republic of Liberia , and Public Procurement Authority of Ghana.

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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. Single Source : In some cases, procurement may rely on a single known supplier , especially when no alternative options exist, or time constraints make broader competition impractical.