Mitigating risks in public procurement

Purpose - This study aims to examine the challenges and risks in public procurement, focusing on Greece’s context within the EU framework. It seeks to provide guidance on mitigating potential risks throughout different stages of public procurement by leveraging the knowledge of Greek professionals and existing literature. The research explores the implementation of the national public procurement plan in Greece, aiming to accelerate contract awards, reduce bureaucracy, promote competition and encourage cost-effectiveness among contracting authorities. Design/methodology/approach - The study uses a qualitative approach, combining a literature review with expert interviews. Greek professionals with extensive experience in public procurement were consulted to gather insights on current practices, challenges and risk mitigation strategies. The research also analyzes EU public procurement strategies and their implementation in Greece. This mixed-method approach allows for a comprehensive understanding of the public procurement landscape, integrating theoretical frameworks with practical insights from industry experts. Findings - The research reveals significant improvements in Greece’s public procurement sector despite persistent irregularities and challenges. Key findings include the need for increased transparency, professionalization of sector staff, support for SMEs and enhanced digitization. The study identifies specific risks at various stages of the procurement process and proposes mitigation strategies. It also highlights the importance of implementing the national public procurement plan to streamline processes, reduce bureaucratic hurdles and promote competition and cost-effectiveness. Social implications - Effective public procurement management has far-reaching social implications. By improving the quality and efficiency of public spending, it can enhance public services and infrastructure, ultimately benefiting citizens’ quality of life. Increased transparency and fair competition can foster trust between citizens and government, promoting a culture of accountability. Supporting SMEs in public procurement can stimulate economic growth and job creation. Furthermore, promoting sustainability and innovation through procurement practices can contribute to broader societal goals such as environmental protection and technological advancement. Originality/value - This study provides a unique perspective on public procurement challenges and risk management in Greece within the EU context. By combining insights from experienced Greek professionals with a comprehensive literature review, it offers practical, context-specific guidance for risk mitigation in public procurement. The research contributes to the growing body of knowledge on public procurement reform in EU member states, particularly those facing similar challenges to Greece. Its findings and recommendations can inform policy-making, improve procurement practices and enhance the overall effectiveness of public spending in Greece and potentially other EU countries.