Fazekas, M., Dávid-Barrett, E., Abdou, A., Basdevant, O. (2020). The Corruption Cost Tracker: Quantifying the costs of corrupt contracting and the savings to be made from reform. GTI-R/2020:02, Budapest: Government Transparency Institute.
Public procurement constitutes about one-third of government spending or 13 trillion USD per year. It is highly vulnerable to corruption with estimates of losses amounting to 10-20%. Corruption in public procurement can lead to: 1) Overpriced public procurement contracts contributing to larger budget deficits. 2) Unfinished, sub-standard delivery …