Public Contracts

Public contracts are formal agreements between government entities and private companies or individuals to provide goods, services, or construction work. These contracts ensure the government acquires what it needs efficiently, fairly, and transparently. Typically, the government publicly invites companies to bid for the contract, and the award goes to the most suitable or cost-effective proposal. Public contracts help deliver public services like roads, healthcare, or IT systems, and are governed by specific rules to promote honesty, accountability, and value for taxpayers.