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Striking Balance among Diverse Oversight Concerns in Defence Acquisition
Transparency in public procurement bears an immediate cost both for government and bidders. However, it is a key element to support fundamental principles of the public procurement system, especially competition and integrity. The drive for transparency must therefore be tempered by making transparent what sufficiently enables corruption control. If the level of transparency is adequately defined, the benefits will outweigh the cost, especially when comparing the initial cost of transparency with the potential negative consequences of corruption.
- Published: July 2010
