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Public procurement as an engine for economic growth: As the global economies grapple to flourish through conventional approaches, they have failed to pay earnest attention to the potential capability of growth imminent in mainstreaming micro and small enterprises in public procurement systems. This remains the untapped golden mine for magnanimous sustainable development in the world. Economic strategists should recast their strategic attention and thinking towards this sleeping giant economic catalyst for unimaginable results.
Public entities are custodian of public trust. The taxes they expended to acquire goods, works and services or any combination thereof should be done more thriftily. There are substantial competitive gains accruing effective disposal of assets not only in the corporate sector, but public as well. It remains absurd to note that most public entities remain negligent and/or completely not concerned about economical divestiture from the assets under their jurisdictions. The consequent outcome of this phenomena are huge losses accruing such decisions. This research sought to identify possible causes of such occurrences. It has endeavored to generate insightful strategies that could assist entities in competitive business environment, both in the public sector and the private sector establishments to manage their assets disposal activities. In conclusion, asset disposal can be considered as the key to sustainable internal sources of revenue to the public entities for enhanced service delivery.
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