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THOUGHT LEADERSHIP: COMMERCIAL TRANSPARENCY IN GOVERNMENT CONTRACTS

April 23, 2019 | (11:00AM)
USA (United States of America)
Every year, governments worldwide sign contracts worth trillions of dollars. Citizens should know what is in those contracts, so that they can hold governments accountable. They can only do so if the contracts are published. However, there are cases in which full publication of all the information in government contracts is against the public interest because it may reduce the quality or increase the price of procurements. To date, there is little guidance and very mixed practice regarding when it is in the public interest to publish or to redact information that is potentially commercially valuable.