Philippines

Country Procurement Assessment Report 2012

Business & Finance, Marketing & Sales, Commercial Policy, Business Reference, Government & Business
Cover of the book Philippines by Asian Development Bank, Asian Development Bank
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Author: Asian Development Bank ISBN: 9789292543259
Publisher: Asian Development Bank Publication: December 1, 2013
Imprint: Asian Development Bank Language: English
Author: Asian Development Bank
ISBN: 9789292543259
Publisher: Asian Development Bank
Publication: December 1, 2013
Imprint: Asian Development Bank
Language: English

Proper public procurement practices directly reflect good governance. Transparent and effective procurement practices minimize expenditure and create opportunity. Procurement is an enormous component in the process by which governments build infrastructure, such as schools and hospitals. It involves the management of significant amounts of money and is therefore often the cause for allegations of corruption and government inefficiency. The difference between getting public procurement right and doing it wrong has the potential to be either highly rewarding, or highly damaging. In some nations, reforms implemented to improve the efficiency of public procurement have resulted in savings of 1% of a country's gross domestic product. One can see why public procurement is so significant to the development of a country and its people.

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Proper public procurement practices directly reflect good governance. Transparent and effective procurement practices minimize expenditure and create opportunity. Procurement is an enormous component in the process by which governments build infrastructure, such as schools and hospitals. It involves the management of significant amounts of money and is therefore often the cause for allegations of corruption and government inefficiency. The difference between getting public procurement right and doing it wrong has the potential to be either highly rewarding, or highly damaging. In some nations, reforms implemented to improve the efficiency of public procurement have resulted in savings of 1% of a country's gross domestic product. One can see why public procurement is so significant to the development of a country and its people.

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