There is increasing evidence that open contracting delivers.
Academic research shows that improved openness and transparency is good for public integrity, value for money and competition. A study of more than 3.5 million government contracts across Europe determined that every additional item of information shared about a tender decreases the risk of a single bid contract. This matters because single bid contracts are both a governance risk and over 7% more expensive than the norm. Publishing five more pieces of information about each contract in Europe would add up to 3.6 billion Euros in savings.
Results from countries that are implementing open contracting show that openness combined with monitoring works. In Peru, a study from Columbia University looked at the impact of transparency and monitoring of contracts on the procurement process of infrastructure projects and found that monitoring decreased spending by 50%. Similar results have been found in Afghanistan.
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<p>There is increasing evidence that open contracting delivers.</p>
<p>Academic research shows that improved openness and transparency is good for public integrity, value for money and competition. A study of more than 3.5 million government contracts across Europe determined that every additional item of information shared about a tender decreases the risk of a single bid contract. This matters because single bid contracts are both a governance risk and over 7% more expensive than the norm. Publishing five more pieces of information about each contract in Europe would add up to 3.6 billion Euros in savings.</p>
<p>Results from countries that are implementing open contracting show that openness combined with monitoring works. In Peru, a study from Columbia University looked at the impact of transparency and monitoring of contracts on the procurement process of infrastructure projects and found that monitoring decreased spending by 50%. Similar results have been found in Afghanistan.</p>
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