Public procurement is the activity where public authorities acquire work, goods, or services from their suppliers. It serves as a catalyst for job creation, economic growth, and investment, fostering an innovative, resource-efficient, and socially-inclusive economy. The provision of high-quality public services relies on streamlined and effective procurement practices. Enhancing public procurement gives taxpayers more value for their money.
For businesses, public procurement provides valuable opportunities for growth, stability, collaboration, and recognition, making it a useful avenue for them to expand their operations and achieve strategic objectives.