Open Contracting Data Standard

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Open Contracting Data Standard

November 17, 2014

The Open Contracting Data Standard (OCDS) lays out a common format for governments to use when publishing contracting data and sets out to shine a light on how trillions of dollars of public money are spent.

Corruption adds an estimated $2.3 trillion to the cost of government contracts every year. This new standard is a big step forward in the fight to eliminate fraud and waste in public procurement, enabling contracts to be published online in a transparent, consistent and user-friendly format so that anyone can monitor them.Anne Jellema, Web Foundation CEO

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