Public procurement policies

Public procurement policies govern how government agencies purchase goods, services, and construction work. They aim to ensure the process is transparent, fair, and cost-effective, preventing corruption and favoritism. These policies set rules for competition, bidding, and awarding contracts, often emphasizing efficiency and value for taxpayers. They also promote fairness for suppliers and support local industries or social goals, such as environmental sustainability or small business participation. Overall, public procurement policies ensure public funds are spent responsibly while achieving the best possible outcomes for society.