Public Procurement and Competition Law

Public procurement refers to the process by which government agencies purchase goods, services, or works from private companies. Competition law in this context ensures that these contracts are awarded fairly and transparently, promoting a level playing field for all bidders. It aims to prevent corruption, favoritism, and monopolistic practices, ensuring the best value for taxpayers. By adhering to competition law, public procurement processes encourage healthy competition, foster innovation, and support economic growth, while maintaining integrity in public spending.