Public Contracting Policy (PCP)

Public Contracting Policy (PCP) is a set of rules and procedures that government agencies follow when purchasing goods and services from external vendors. Its goal is to ensure transparency, fairness, and competition, so that public funds are used wisely and projects are awarded to capable and qualified providers. The policy helps prevent corruption, favoritism, and waste, while promoting open bidding processes and accountability. Overall, PCP ensures that government contracting is conducted ethically, efficiently, and in a manner that benefits the public and maintains trust in public institutions.