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Public procurement is defined as the process by which governments and organizations acquire goods, works and services using public funds. It has both social and economic impacts on a country as huge amounts of money are involved. Studies show that a minimum of $400 billion per year is lost to bribery in government procurement globally. Corruption is a significant risk, especially at the vendor selection and bid stages. Reform is needed to increase accountability, transparency and reduce opportunities for graft.
Public procurement is defined as the process by which governments and organizations acquire goods, works and services using public funds. It has both social and economic impacts on a country as huge amounts of money are involved. Studies show that a minimum of $400 billion per year is lost to bribery in government procurement globally. Corruption is a significant risk, especially at the vendor selection and bid stages. Reform is needed to increase accountability, transparency and reduce opportunities for graft.
Public procurement is defined as the process by which governments and organizations acquire goods, works and services using public funds. It has both social and economic impacts on a country as huge amounts of money are involved. Studies show that a minimum of $400 billion per year is lost to bribery in government procurement globally. Corruption is a significant risk, especially at the vendor selection and bid stages. Reform is needed to increase accountability, transparency and reduce opportunities for graft.
be understood to be a process by which governments and organizations acquire goods, works and services using public funds.
World Bank Economic Report on Ghana, 2003
Implicitly, public procurement therefore has both
social and economic impact on the country. Further studies from developing countries show that huge amount of money is involved in government procurement hence need for accountability and transparency and the fact that the money comes from the public.
World Bank, 1995
PwC Global Economic Crime Survey 2014
Procurement fraud is the second most frequently
reported form of global economic crime behind asset misappropriation, according to a study. The PwC Global Economic Crime Survey 2014 showed 29 per cent of organisations had experienced procurement fraud, and it was most common at the vendor selection stage, followed by the bid process
Peter Eigen, Transparency International
Governments around the world spend about USD
4 trillion each year on the procurement of goods and services, a minimum of USD 400 billion per year is lost due to bribery.
Berita Harian, 2007
According to Malaysia former Prime Minister,
Datuk Seri Abdullah Ahmad Badawi, the existing procurement process and awarding of government contracts is full of opportunities for corruption.
(Arrowsmith, 2010).
Public procurement refers to the government
activity of purchasing the goods and services which it needs to carry out its functions.
Odhiambo and Kamau (2003)
According to Odhiambo and Kamau (2003),
public procurement is broadly defined as the purchasing, hiring or obtaining by any other contractual means of goods, construction works and services by the public sector.
Hommen and Rolfstam (2009)
Hommen and Rolfstam (2009) noted that public
procurement is the acquisition (through buying or purchasing) of goods and services by government or public organizations.
Effect of Knowledge of Tender Process On Access To Government Procurement Opportunities by Women, Youths and People Living With Disability in Ol-Kalou Sub-County, Kenya