Mitigating procurement risks: A framework for good governance in public contracting

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Abstract

This paper seeks to explore internal and emerging limitations set within the public procurement system. It suggests institutional structures to oversee such a process, more than just technical fixes (Enayati & Özaltin, 2024). It also aims to move beyond the technologies themselves by bringing governance, standards, and principles into public procurement. The present paper is descriptive-analytic and was conducted based on a review of literature and research reports. It also employs a qualitative interpretive methodology for analysis of international organization reports and identifies various types of public procurements, such as procedural and contextual systemic risks. The paper draws a number of inferences, and the most important among them is that risks are not single but multidimensional. This means that we cannot tackle these risks effectively simply by tackling technical reform. The paper promotes the principles of transparency, integrity, accountability, and the rule of law as core requirements and benchmarks for the reduction of risks in public procurement.

Keywords: Risk Management, Governance, Public Procurement, Accountability

Authors’ individual contribution: Conceptualization — K.S.A., R.R., F.T., and K.M.D.; Methodology — K.S.A., R.R., F.T., and K.M.D.; Writing — Original Draft — K.S.A., R.R., F.T., and K.M.D.; Writing — Review & Editing — K.S.A.; Supervision — K.S.A.; Project Administration — K.S.A.

Declaration of conflicting interests: The Authors declare that there is no conflict of interest.

JEL Classification: K10, K15, K19, K24

Received: 04.10.2025
Revised: 12.01.2025; 02.02.2026
Accepted: 17.02.2026
Published online: 19.02.2026

How to cite this paper: Aboelazm, K. S., Raafat, R., Tawakol, F., & Dganni, K. M. (2026). Mitigating procurement risks: A framework for good governance in public contracting. Risk Governance and Control: Financial Markets & Institutions, 16(1), 126–137. https://doi.org/10.22495/rgcv16i1p11