27-10-2021
Integrity Pacts promote better value for money and prevent delays in public procurement; examples in Hungary, Italy and Portugal show how
When procuring public goods or services, governments simply cannot afford to waste time or money. With limited funds at hand, we expect authorities to achieve the best possible value for money and do it on time.
If they fail, they risk the quality and quantity of public goods and services.
Providing value for money is central to public procurement. In the most narrow sense, it means monetary savings but is also closely linked to other quality aspects of contracting, such as timeliness. When project delays are prevented, value is created for the public, which gets to enjoy the provided goods or services according to the envisioned schedule, as well as for the contractor, which avoids incurring penalties and additional costs.
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