Fewer bidders can make public contracts harder for businesses and taxpayers

Governments spend the equivalent of about 13% of economic output on public procurement across OECD countries, but a new analysis warns that weak competition can limit the value…

Governments spend the equivalent of about 13% of economic output on public procurement across OECD countries, but a new analysis warns that weak competition can limit the value they receive and make it harder for suppliers to enter the market. The Organisation for Economic Co-operation and Development points to contracts attracting only one bid, non-competitive ... Read more The post Fewer bidders can make public contracts harder for businesses and taxpayers appeared first on Market Business News.