Procurements by the public sector represent an enormous part of GDP in the European Union. According to a 2010 study conducted on behalf of the European Commission around 17,30% of the EU GDP, or about 2,16 trillion EUR, is spent on public procurements.
Open availability of procurement data represents a significant opportunity for all stakeholders: it facilitates access to procurement markets for aspiring bidding companies, the increased competition provides better value for money for governments in times of austerity, and the transparency on public spending improves democratic...

