The document summarizes the program for a conference on public procurement held in Tallinn, Estonia on May 19, 2016. The conference included three panels that discussed issues around using "best price-quality ratio" versus "lowest price" criteria in public procurement to get best value for money. Panel 1 focused on whether there is a problem with using lowest price alone. Panel 2 discussed whether "best price-quality ratio" is an effective tool. Panel 3 looked at how to best implement procurement tools and what is needed for success. The wrap-up session aimed to identify key takeaways and next steps from a European perspective.