Public Procurement

Public procurement refers to the process by which government agencies and public sector entities acquire goods, services, and works from external suppliers through a formal, competitive bidding process to ensure the efficient use of taxpayer funds.

Why it matters

It acts as a critical instrument for implementing government policy and achieving socio-economic objectives like supporting small businesses and promoting sustainable practices.
Transparent procurement processes are essential for maintaining public trust, preventing corruption, and ensuring value for money in state expenditure.
It serves as a major driver of economic activity, influencing market competition and industrial development across various sectors.

How it is asked

Focus on the principles of transparency, accountability, and competitive bidding, as well as the role of e-procurement platforms in minimizing human discretion and systemic leakages.

In the syllabus

In the news

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