How to ensure value for money in government project contracts

Transparency and accountability in managing large and complex contracts will go a long way in ensuring value for money. PHOTO | SHUTTERSTOCK

The Kenya Vision 2030 development blueprint recognises that a well-functioning public procurement system is critical to achieving the national development goals. Making up between 15 percent and 20 percent of GDP, public procurement contributes to greater competitiveness by stimulating trade and fostering foreign direct investment.

Transparency and accountability in the management of large and complex contracts in Kenya is wanting. Lack of frameworks for compliance monitoring and guidelines for managing such contracts, poor contract planning is creating avenues for fraudulent deals.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.