Open Contracting has become part of public financial management the government uses to generate revenues through the issuance of licenses to operate public services, and in the sale of public property. As one of the measures in which the government spends its money, all levels of government whether at the national or at the local levels enter into contracts to deliver goods, works, and services to citizens. These public contracts are given to all economic sectors and agreements are made ranging from the small procurement of goods to large capital spending for development of major infrastructural projects to take place. However, public contracting has been identified as the government activity in the advanced and less advanced countries most vulnerable to wastefulness, mismanagement, inefficiency, and corruption oftentimes, the governments dishes out little or no information about (a) the planning of public contracts, (b) how public contracts are formed (e.g. whether by negotiation or through a competitive tender process); (c) the content of the agreements; (d) the progress of their performance or (e) the relevant government oversight mechanisms. This lack of information can make it difficult for civil society – and sometimes even for auditors and parliaments – to assess whether the government is getting good value for money or whether the parties to the contract are fully complying with their obligations.
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