Challenges and prospects of sustainable procurement in Bangladesh’s public sector project

Abstract

Public procurement refers to how public sector organizations use funds provided by taxpaying citizens to purchase products, services, and labor. Transparency, accountability, and obtaining value for money for residents and tax payers serve as the cornerstones of public procurement. The role of environmental issues is a concern for both the public and commercial sectors, and they have been on the international agenda for several decades. Recently, bigger subjects like sustainability have come into emphasis on Bangladesh’s public sector project. Although sustainable procurement practices are widespread in many industrialized nations, organizations that practice sustainable procurement meet their own demands for goods, services, and utilities while simultaneously working to maximize net benefits for both themselves and the global community.