The purposes of this Act are —
(a) to simplify, clarify and modernize public procurement;
(b) to make public procurement procedures transparent;
(c) to require competition in the public procurement proportionate to the circumstance, value, complexity, nature or size of the procurement;
(d) to foster and encourage broad participation in public procurement procedures;
(e) to provide for increased public confidence in the public procurement procedures followed by a procuring entity;
(f) to ensure fair and equitable treatment of all persons participating in public procurement;
(g) to provide increased economy in public procurement procedures and ensure that the best value is obtained for public funds expended;
(h) to provide safeguards for the maintenance of the quality, integrity and transparency of public procurement.