Public procurement

Public procurement (including public-private partnerships and concessions) is an integral part of an effective public administration and public financial management, as it is one of the key means by which public money is spent in order to provide public services.‌

Good public procurement requires:

• A regulatory framework that contains policies and procedures to guide the work of contracting authorities and helps ensure economy, efficiency, transparency, accountability and access to justice in public procurement.

• Institutional structures, operational capacities and market conditions that allow the effective implementation of the regulatory framework.

• Sound and efficient public procurement operations that deliver value for money.