Opening Doors, Opening Markets: Empowering Small Businesses with Public Procurement
Authors Open Contracting Partnership
With the support of
The global public procurement market is estimated to be US$13 trillion annually. Public procurement can be a fundamental mechanism for driving private sector innovation and investment, fostering the development of new markets, and reshaping existing economic sectors.
The Open Contracting Partnership (OCP), an independent nonprofit organization, is transforming procurement from an overlooked, underfunded, paper-based chore to a digital, data-driven government service that can be an engine for economic inclusion, innovation, and sustainability. This brief by OCP takes a close look at the evidence of the impact of open contracting on small businesses, and identifies recommendations and best practices to encourage more small businesses to participate in public procurement.