Public procurement in Malaysia: is there a need for reform? a look at the objectives of public procurement principles with particular emphasis on transparency and accountability

Abstract

What is public procurement and why the need for regulation? Public procurement is the process by which public authorities (governments) procure works, goods or services from companies. In the United States, government procurement is governed by statutes namely the United States Code and mentioned in Article One of the United States Constitution. In the EU, statistics provide that 15-20% of global GDP is taken up by public procurement and this is a substantial portion of the EU