Public Procurement Policy

Public procurement policy refers to the rules and guidelines that governments use to purchase goods, services, and construction works from private companies. Its goal is to ensure the process is fair, transparent, and efficient, promoting competition and value for public money. These policies set standards for how contracts are advertised, awarded, and managed, aiming to prevent corruption, favoritism, or unfair practices. By establishing clear procedures, public procurement policies help governments obtain quality services and goods while fostering trust and accountability in public spending.