Public procurement is a fundamental, crucial component of democratic
governance, poverty reduction, and sustainable development. Governments around the world spend an estimated US$9.5 trillion in public contracts every year, which in many developing countries represents approximately 15-22 percent of GDP. From building roads and power stations, to purchasing pharmaceuticals and securing trash-collection services, efficient use of public resources contributes to better delivery of services. The Principles of procurement is to ensure that the procurement is made in a fair and transparent manner, the object of procurement brings value for money to the procuring agency and the procurement process is efficient and economical.