ProZorro saves US$1.9 bln of budget funds

The ProZorro public e-procurement system has allowed Ukraine saving UAH 50.15 billion, or US$1.9 billion, of budget funds since August 1, 2016, due to use of the system of all state customers.

A total of 1.97 million procurements have been conducted. The average number of bidders was 2.34 for each tender, ProZorro reported.

Read alsoFate of Prozorro: Will transparent public procurement surviveMost tenders via ProZorro were conducted by the Kyiv City State Administration (over 172,000), the Ministry of Infrastructure (83,000), the Ministry of Education and Science (70,000), the Dnipropetrovsk Regional State Administration (59,000), and the Mariupol Regional State Administration (47,000).

As UNIAN reported earlier, ProZorro e-procurement system was distributed in Ukraine to all government customers from August 1, 2016 for purchasing goods worth more than UAH 200,000 ($7,657) and services exceeding UAH 1.5 million ($57,427). Price is the key criterion for winning a tender via ProZorro, while the economy of public funds is achieved through market competition.

In 2017, Ukraine conducted public procurement worth UAH 500.3 billion ($19.2 billion) via ProZorro.

Ukrainian President Petro Poroshenko earlier said the ProZorro public e-procurement system allowed Ukraine saving UAH 27 billion ($1 billion) in 2017.