Topic outline

    1
    2
    3
    4
    5
    6
  • Open Contracting and it's Benefits


    Every year, governments spend huge sums of money through contracts, on everything from pencils and paper to building major infrastructure projects such as airports or hospitals. Open contracting is the bricks and mortar of public benefit, where taxpayers’ money gets converted into schools, roads and hospitals, into things that ordinary people really care about.

    This global spending amounts to over US$9.5 trillion each year, a massive 15% of global GDP. That is a pile of one dollar notes stretching from the earth to the moon – and back.1

    Open contracting is the practice of publishing and using accessible information throughout the procurement cycle to ensure that the vast sums of public money are spent honestly, fairly, and effectively.

    The Open Contracting approach uses government transparency to foster participation between public bodies, business and civil society with the collaborative aim to boost the integrity, fairness and efficiency of public contracting.

    • Governments can use open contracting to obtain relevant information on contract performance; the use of open contracting can also encourage value-based procurement decisions, and mitigates the risk of awards being reversed, or projects being terminated, due to faulty processes. 
    • For businesses, open contracting data can unlock a better understanding of opportunities in markets, which in turn may support small and medium enterprises in deciding whether or not to compete for public contracts.
    • For civil society, open contracting can support more targeted, informed engagement and tracking of project delivery. 

    In short, open contracting can deliver better value for money and offers a range of benefits to different stakeholders.

  • The Five Main Impacts of Open Contracting: Part 1

     OPEN CONTRACTING CATALYSES THE IMPROVEMENT OF PUBLIC SERVICE DELIVERY AND MEANS THAT GOVERNMENTS ACHIEVE MORE VALUE FROM INVESTMENTS

    EXPAND THE SECTIONS BELOW TO FIND OUT HOW

  • The Five Main Impacts of Open Contracting: Part 2

    OPEN CONTRACTING ENABLES GENDER EQUITY, BETTER & PROFITABLE BUSINESSES AND HUGE REDUCTIONS IN CORRUPTION

    EXPAND THE SECTIONS BELOW TO FIND OUT HOW

  • Value for money & Value for many: Video on open contracting

    Take a couple minutes to watch this video