Public Procurement Act 2021: obtaining government contracts

Public Procurement Act 2021: obtaining government contracts


Introduction
The government has been criticised both locally and internationally in relation to the transparency and procedure surrounding the procurement of government contracts. Partly as a result of this criticism, the government has enacted the Public Procurement Act 2021 (PPA), which seeks to modernise the government's use of public funds in its procurement process and add a heightened level of transparency.
The PPA repeals and replaces the Financial Administration and Audit Act 2010, which was criticised as it did not retain the brief regulations on procurement that existed prior to its enactment. This meant that, ostensibly, there were no regulations in place and the common law had to be relied on. This was not a satisfactory state of affairs and militated against transparency and economic development. The PPA brings about much-needed reform to cure the unsatisfactory state of affairs.

Related Keywords

Bahamas , The , Bahamian , , Public Procurement Department , Financial Administration , Public Procurement Act , Audit Act , Public Procurement , Public Procurement Board , Procurement Review Tribunal , Information Act , பஹாமாஸ் , தி , பஹாமியன் , பொது ப்ரொக்யூர்மெஂட் துறை , பொது ப்ரொக்யூர்மெஂட் நாடகம் , தணிக்கை நாடகம் , பொது ப்ரொக்யூர்மெஂட் , பொது ப்ரொக்யூர்மெஂட் பலகை , தகவல் நாடகம் ,

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