According to the Open Government Guide, people are keeping a close watch on government spending. Statistics show that government spending is getting out of hand and reaching $9.5 trillion in US. This sum equates to an astounding 15 percent global GDP yearly on infrastructure deals. Most of these are accomplished through government deals or governmental contracts. Taxpayers should pay closer attention to this process because it is their money at work providing funding sources to schools, roads, and hospitals.
Getting started with the governmental contact process should be streamlined in order to provide more full disclosure to the public. In other words, it is important for the government to show the money flow to the public. The Open Contracting Data Standard provides that gateway to unlock that data and spur further action in the right direction.
The Open Contracting Data Standard is supportive of Governmental, Civil, Private Sector, and Journalism. Here are the steps to begin opening contracting.
- Strongly Commit To Process
- Asses Readiness
- Understand Technical Aspects
- Implement Contract Data
- Monitor Process
- Innovate Contract Standards
- Allocate Ideas
There is big money in governmental contracts. Unfortunately, this leads to unscrupulous individuals taking advantage of the entire process. Therefore, it is imperative to have the right tools available to monitor the entire process. Our company has developed a number of tools and resources to get you started off successfully in the right direction. Don’t hesitate to contact us directly for more information.