Public contracts are agreements made between government entities and private companies to provide goods or services. These contracts are essential for the functioning of public services, such as construction, maintenance, and supply of materials. They ensure that taxpayer money is spent efficiently and transparently. To secure a public contract, companies typically go through a bidding process, where they submit proposals outlining their qualifications and pricing. The government evaluates these bids based on criteria like cost, quality, and experience. This process helps promote competition and ensures that the best value is obtained for the public, while also adhering to regulations and standards.