Why is public notice a requirement in procurement processes?

The requirement for public notice in procurement processes is primarily designed to ensure fair and open access to the bidding opportunity for all potential vendors. This principle is fundamental to maintaining transparency and integrity within public procurement. By publicly announcing procurement opportunities, all interested parties are given an equal chance to participate, which contributes to a competitive bidding environment.

A fair and open procurement process helps to prevent favoritism and corruption, allowing various suppliers, including small and minority-owned businesses, the opportunity to compete. This practice also fosters accountability as the procurement process becomes observable by the public, reducing the chances of bias in vendor selection. Thus, public notice serves as a critical mechanism to uphold ethical standards in procurement, ensuring that all qualified suppliers have the opportunity to compete fairly for contracts.