Public procurement
Public procurement is a set of rules and procedures governed by the Public Procurement Act, by which public contracts, concessions and tenders are awarded. Public procurement can be seen as a tool for the acquisition of goods, services or construction work, such that it corresponds to the financial and budget possibilities of the public sector.
Public procurement procedures are also intended to ensure the highest possible quality of acquired goods and services. Public procurement aims to prevent excessive and non-transparent use of public funds and enable the purchase of goods, services and construction work in an economical and efficient manner. The outcome of public procurement is the award of a contract to the successful tenderer that provides the best possible value (in terms of quantity, scope and quality) for the money spent.
