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Around the world, governments are embracing “green procurement” – environmentally sustainable strategies to reduce global greenhouse gas emissions and other forms of pollution. A ” catalogue ” of green procurement strategies in the European Union and the United States, prepared by the European Commission and the Office of the U.S.
South Korea has been a pioneer of green public procurement (GPP) since 2005 , when the Environment Ministry enacted legislation mandating government agencies to buy “green products” whenever possible. This allows organizations such as the Korea Institute of Procurement (KIP) to analyze the impact of the reforms.
Chile’s public procurement agency, ChileCompra, created its “ Public Contracting Observatory ” service in 2012 to detect, prevent, and fix irregularities in government contracting procedures. In the beginning], looking at and monitoring the processes was a voluntary initiative,” says ChileCompra’s Director, Verónica Valle. “We
The end of the Fiscal Year is upon us, which typically coincides with a flurry of procurement activity and then a wave of bid protests. As most of you know, there are three primary fora for bid protests: procuring agencies, the Government Accountability Office (GAO), and the Court of Federal Claims (COFC). FAR 33.103(e).
According to Deltek’s 2022 Government Contracting Industry Study , in 2021, “[m]edian profit margin was higher (15%) compared with what has been observed since 2012 (6-10%).” [10] 34] And DFARS 252.216-7000(e) gives the Contracting Officer the option of terminating the cost-increase-impacted portion of the contract/order. [35]
Effective communication between government officials and industry partners is of paramount importance in fostering a thriving procurement landscape. The comments herein do not necessarily reflect the views of The Coalition for Government Procurement. government should be careful in its procurement and use of these tools.
Since at least January 2012, the Federal Reserve System’s Federal Open Market Committee (“FOMC”) has maintained that a 2% inflation rate is optimal for maximizing employment and keeping prices stable. [6] However, the FOMC evaluates the 2% goal against the Personal Consumption Expenditures Price Index (“PCE”) (addressed below).
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