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15 April 2008 · Article

Public Sector contracting: innovation or bureaucracy?

Governments are the largest consumers in an economy — on average the public sector spends 45-65 percent of their budgets and 13-17 percent of their GDP on procurement.

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The effectiveness and efficiency of public sector procurement impacts the scope and quality of public services, as well as ensuring that taxpayers receive ‘value for money’. Overall perceptions of performance are not generally favorable, fuelled by media comments that range from ‘Corruption is rampant in 60 countries, and the public sector is plagued by bribery, says Transparency International’, through to the more general implications of incompetence each time there is a failed, high-profile project.

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TIM CUMMINS, CEO, IACCM


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