What is one of the main purposes of public procurement regulations?

One of the main purposes of public procurement regulations is to promote fairness and transparency in the procurement process. These regulations are implemented to ensure that all potential vendors have equal access to the opportunity to compete for government contracts. By establishing clear guidelines and procedures, these regulations help to prevent favoritism or discrimination, ensuring that decisions are made based on objective criteria rather than subjective judgment.

Fairness in procurement means that all bidders receive equal treatment, and transparency ensures that the process is open to public scrutiny. This not only builds trust in the procurement system among taxpayers but also encourages healthy competition, leading to better quality services and goods. Ensuring fairness and transparency is essential for maintaining the integrity of public procurement, as it safeguards against corruption and provides a level playing field for all participants.