Public Contracts Regulation

Public Contracts Regulation refers to the rules and guidelines that govern how government organizations and public authorities procure goods, services, and works from private companies. These regulations aim to ensure transparency, fairness, and competition in the bidding process, helping to prevent corruption and promote efficiency. They set out procedures for advertising contracts, evaluating bids, and awarding contracts, ensuring that public funds are spent responsibly and that businesses are treated fairly. Essentially, these regulations help maintain integrity and accountability in public spending.