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Procurement Methods vs. Solicitation Tools: What Every Procurement Professional Needs to Know

The Procurement ClassRoom

This article seeks to disentangle these overlapping terms by examining the tools and methods that are often used interchangeably. While it aligns with Liberia’s approach, the Model Law places greater emphasis on transparency, the documentation of justification for using restricted bidding, and minimizing disruptions to competition.

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Updating the UNCITRAL Model Procurement Law for “Green Procurement”

Public Procurement Intl

To make it easier to incorporate “green procurement” into procurement planning, the UNCITRAL model law might be amended to: Article 7 – Flexible Communications: Make it easier to change means of communication during the course of a procurement. system) hinge on vendors’ “green” initiatives has long been a very controversial approach.

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Smart Public Procurement for Better Public Spending in Latin America and the Caribbean

Inter-American Development Bank

Public procurement spending accounted for an average of 30% of total public spending across the region [1] and as much as 74% of that spending is wasted due to inefficiencies [2] , according to data from FISLAC , an analytics platform developed by the IDB’s Fiscal Management Division (FMM).

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Modernizing Public Infrastructure: The Power of Strategic Procurement

The Procurement ClassRoom

In his article “ The Future of Public Infrastructure is Digital “, Bill Gates envisions a world where infrastructure is smarter, more efficient, and digitally integrated. The Role of AI in Procurement AI offers powerful tools to improve efficiency, accuracy, and transparency in procurement processes.

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TaxBit’s Aaron Jacob: New FASB Guidance Encourages Digital Asset Adoption

ExecutiveBiz

Aaron Jacob , head of accounting solutions at TaxBit , said new crypto asset accounting guidance from the Federal Accounting Standards Board is expected to encourage the adoption of digital assets as it provides more clarity on accounting, reporting and disclosure of such assets.

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Decision Intelligence: Data Ethics

GovLoop

By definition, data ethics refers to the norms of behavior that promote appropriate judgments and accountability when acquiring, managing or using data. Transparency: Data should be acquired with consent from data subjects who should be explicitly informed where their data is being stored, for how long and the purpose of accessing it.

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Understanding Minor Deviations in Public Procurement

The Procurement ClassRoom

In this article, I will focus on minor deviations and the circumstances under which a minor deviation may be declared during bid evaluation. The article is based on my personal professional experience and regulations or guidelines from several procurement entities in the public and project settings. phocadownload/Determination/pdf.