Up to 70 percent of a state’s national budget is on average channelled through procurement contracts in one way or another. Government spending related to the provision of goods, public works or services adds up to more than US$4 trillion worldwide each year.
Losses due to corruption in this area are estimated at normally between 10 and 25 percent. In some cases losses may reach 40 to 50 percent of the contract value.
Why it matters
The area of public contracting is often perceived as a grey and remote area strictly under the jurisdiction of government authorities and the private entity contracted to provide goods and services. However the outcomes of the process are very real and directly affect the well-being of society at large.
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