Regulated public procurement
The need for regulation of public procurement is clear, and nowhere more so than in the construction industry. The public sector annually invests vast sums in construction and engineering projects, making it an extremely significant construction client.
Regulation seeks to ensure that its procurement policy operates fairly towards suppliers, while at the same time ensuring that its expenditure represents an efficient allocation of public resources.
An ancillary ambition, which has perhaps not yet been wholly achieved, is to simplify tender participation.