Mastering the Public Procurement Process: A Supplier’s Key to Success
Public procurement is a critical aspect of government operations, crucial for delivering public services efficiently and with high standards of transparency and trustworthiness. Since it involves the acquisition of goods and services, by necessity, it depends on external sources. For those who supply public entities with goods and services, understanding the procurement process is not just beneficial but essential for their success. Here a few important reasons why:
Access to Opportunities
Public procurement represents more than 15% of the global GDP. Governments are among the largest buyers of goods and services. Government contracts can provide a steady and significant source of revenue. Understanding the procurement process allows suppliers to tap into this vast market. By being aware of upcoming tenders and the requirements for participation, suppliers can position themselves to win lucrative deals.