Transparency in Procurement

Transparency in procurement refers to the openness and clarity in the process of acquiring goods or services by organizations, especially public entities. It means making information about bidding, contracts, and spending accessible to stakeholders and the public. This helps ensure fairness, reduces corruption, and builds trust. When procurement processes are transparent, everyone can see that decisions are made based on merit and value, rather than favoritism or hidden agendas. By fostering accountability, transparency allows for better management of resources and encourages competitive practices that ultimately benefit the community.