Public contracting refers to the process by which government entities procure goods, services, or construction from private companies. This process is designed to ensure transparency, fairness, and competition, allowing taxpayers to receive the best value for their money. Public contracts often follow specific regulations and guidelines to promote accountability and prevent corruption. The public contracting process typically involves issuing a request for proposals (RFP) or invitation to bid, where interested companies submit their offers. After evaluating these proposals, the government selects a contractor based on criteria such as cost, experience, and quality. This system helps maintain public trust and efficient use of resources.