Wednesday, March 12, 2008

Corruption Prevention in Procurement

Corruption thrives on secrecy. Transparency and accountability have been recognised as key conditions for promoting integrity and preventing corruption in public procurement. However, they must be balanced witho ther good governance imperatives, such as ensuring an efficient management of public resources − “administrative efficiency” − or providing guarantees for fair competition. In order to ensure overall value for money, the challenge for decision makers is to define an appropriate degree of transparency and accountability to reduce risks to integrity in public procurement while pursuing other aims of public procurement.
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TRANSPARENCY IN PUBLIC PROCUREMENT

Transparency in the context of public procurement is considered one of the most effective deterrents to corruption. It is a precondition for ensuring public officials’ accountability. Through the creation of the Procurement Transparency Group (PTG), transparency is aimed at allowing the public widest possible access to information that would enable them to participate in public procurement. It further enables them to examine how the powers vested in procurement officials in Procuring Entities exercise their authority on the basis of set guidelines of public procurement activities.