This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
The team at the Mayor’s Office of Contract Services (MOCS) have a vision for a more open, transparent and inclusive procurement process. Its important for us to be accountable to them and understand they are the end user and beneficiary of our procurement. What is the role of transparency in your approach?
Procurement decisions may also be influenced by emergencies, such as the need for the prompt delivery of goods and services to address disasters like earthquakes or hurricanes. The level of competition in the market can also influence the choice of procurement method. What is a Solicitation Tool?
Procurement as a Strategic Driver of Digital Transformation Public procurement wields immense influence over markets, technology adoption, and the direction of societal progress. The Role of AI in Procurement AI offers powerful tools to improve efficiency, accuracy, and transparency in procurement processes.
If public sector bodies and organisations follow clear procurement regulations, they can help uphold high standards of accountability, while still achieving the best results for the general public. A transparent approach lowers procurement risk, prevents corruption, and fosters confidence between suppliers and public sector organisations.
Everyone is acting independently, without a lot of transparency, which leads to a lot of duplication. At the Small Business Administration, BICs account for 45.6% Governmentwide, agencies avoided $16.7 billion in costs through category management in fiscal 2024, nearly 29% above their goal for the year. Governmentwide, 13.6%
Working with the Ukrainian government, especially the Ministry and Agency for Restoration as well as our friends in the RISE Ukraine Coalition , we were delighted to unveil the demo version of a Digital Reconstruction Ecosystem for Accountable Management (DREAM) in June, to lead on making the reconstruction digitally coordinated and accountable.
To make matter worse, misapplication of Other Transaction Authority (OTA) and FAR 6-302 sole source rules has undermined transparency, and prevent fair and open competition. that prohibits SETA contractors from using their insights and influence to gain an unfair advantage or worse, commit fraud. Congress must enforce FAR 9.5
government is the largest purchaser in the world, significantly influencing the purchasing landscape. Additionally, having a solid accounting system that adheres to generally accepted accounting principles is essential for maintaining compliance and ensuring successful contract management.
Life-Cycle Cost One “green procurement” strategy is to take the full life-cycle costs of a product – including, potentially, its costs to the broader society due to greenhouse gas emissions – into account when assessing the product for award. the environmental characteristics of the subject matter.”
This involves a high level of responsibility and accountability, as prime contractors must manage both the resources and subcontractors effectively to fulfill their obligations. They are accountable for managing all aspects of the project, ensuring that it is completed on time and within budget.
Consumers also expect transparency – in product origin, quality standards, and how organizations are improving their environmental and sustainability efforts. . Digital Champions rate Smart Logistics as a top supply chain priority as it accounts for more than half of their overall supply chain cost-savings.
Visibility into ‘unit costs’ (for example, the cost-per-student of a solution) helps budget and product owners demonstrate a connection between the demand for an application and how this demand influences cost. This will result in more accurate cost forecasting, and drive viable business models and pricing strategies.
They also stressed the importance of transparency and continuous feedback and focused on the tangible benefits of eased workloads and enhanced efficiencies. This capability is particularly transformative for government agencies, where quickly retrieving and correlating information can influence policy-making and public service delivery.
Scope of Application Differently from traditional investment agreements, the stated purpose of the SIFA is not only to foster foreign direct investment (“FDI”) (Article 1), but also to do so in a manner that integrates environmental and labour standards, transparency, and corporate social responsibility.
For the public sector, a transparent and stakeholder-focused sustainability strategy leads to an increased likelihood of citizen behavioural change, with resulting societal benefits. Meath County Council in Ireland is utilising AWS technology for the purposes of gathering public health data to influence behavioural change.
Procurement is thus seen as a mechanism of ‘regulation by contract’ whereby the public buyer can impose requirements seeking to achieve broad goals of digital regulation, such as transparency, trustworthiness, or explainability, or to operationalise more general ‘AI ethics’ frameworks.
Earlier analysis has also shown that there are pervasive risks of regulatory capture and commercial determination of the process of public sector digitalisation stemming from reliance on standards and benchmarks created by technology vendors or by bodies heavily influenced by the tech industry.
Countries often involve legislative power in activation and accounting. Influence on Compliance: a clearly defined activation timeline is pivotal in post-escape clause compliance. This enhances objectivity and transparency, strengthening the credibility of escape clause implementations.
While there are many similarities, the nuances of public legislation and free trade requirements create a procurement environment that is more regulated, demands a greater level of transparency, and requires vigilance to stay on top of the constantly changing landscape. In both sectors, demonstrating value for money spent is a key obligation.
While the Memo is directed at agencies and does not impose new requirements on contractors directly, those providing AI products and services could soon see it influence contract requirements, source selection evaluation criteria, and contract terms. Requests for transparent pricing across the AI lifecycle.
Over the past two decades, a growing number of Latin American and Caribbean (LAC) countries began adopting fiscal rules to limit overspending influenced by election cycles, public pressure, and other political economy factors, helping the region strengthen its fiscal solvency and sustainability.
So far, AI has already obtained credible influence in the way public procurement tenders can be drafted and submitted. The forms and procedures may differ between countries, but the crucial elements of transparency, expediency and adherence to regulations, remain global.
Factors which influence outsourcing: Smaller public entities, in terms of budgets, typically do not fund staffing resources for procurement. Having KPIs and /or a service level agreement contributes to the accountability in the contractual commitments. Outsourcing is getting attention.
Implementing an HHS-wide strategy to support greater enforcement and accountability. While the Memo is directed at agencies and does not impose new requirements on contractors directly, those providing AI products and services could soon see it influence contract requirements, source selection evaluation criteria, and contract terms.
The second measure is to implement a Global Minimum Tax on corporates so that the accounting profits of multinationals are subject to an effective minimum tax rate of 15%. It should be noted that the calculations are influenced by the absence of data by company and are only available at country level as of 2017 for five jurisdictions.
Finally, the Committee contemplated adjustments in contracting to account for the infrastructure needed for continuous AI model training. He viewed the federal procurement process as offering an opportunity to influence standards/frameworks for AI development/deployment.
The majority adopted a broad interpretation: “transparency, stability and the protection of the investor’s legitimate expectations play a central role in defining the FET standard” (para. I have only found a few exceptions: the majority in the NAFTA Bilcon award (paras. 444-45, 448-49, 455ff., 470, 589) and the CAFTA Lopez award (paras.
In that same year, disputes with Brazilian state entities accounted for at least 36 new arbitrations. Transparency is the general rule in all arbitrations with state parties. In 2022, the country with the largest docket registered at ICSID and the PCA combined was Peru, with 8 cases. Yet, BRAMIA is not a universal solution.
In that same year, disputes with Brazilian state entities accounted for at least 36 new arbitrations. Transparency is the general rule in all arbitrations with state parties. In 2022, the country with the largest docket registered at ICSID and the PCA combined was Peru, with 8 cases. Yet, BRAMIA is not a universal solution.
Second, the realignment provides an opportunity to increase transparency for customer agencies and industry partners seeking to do business with FAS. The new structure also can enhance transparency with regard to guidance impacting the MAS program. Third, the alignment provides an opportunity to improve data management.
I continue exploring the use of public procurement as a tool of digital regulation (or ‘AI regulation by contract’ as shorthand)—ie as a mechanism to promote transparency, explainability, cyber security, ethical and legal compliance leading to trustworthiness, etc in the adoption of digital technologies by the public sector.
The potential breach of the duty of good administration could be on grounds that the contracting authority is taking irrelevant information into account in the assessment of the relevant tender. 57(8)(i)(ii) PCR2015 and sch.7 7 13(2)(b) PA2023). And then enforcing them!
The availability of ISDS significantly influences investors’ decisions. (IBA Report, p. This treaty contains an ISDS clause providing for arbitration. And, as numerous arbitral tribunals have observed, investors committing serious violations of their host states’ laws may lose the right to resort to ISDS.
The Government Accountability Office (GAO) also plays a significant role in addressing protests and corrective actions related to federal procurement. Moreover, the event in Anchorage signifies a collaborative effort between the SBA and tribal business owners to promote transparency, responsiveness, and mutual understanding.
The Government Accountability Office (GAO) also plays a significant role in addressing protests and corrective actions related to federal procurement. Moreover, the event in Anchorage signifies a collaborative effort between the SBA and tribal business owners to promote transparency, responsiveness, and mutual understanding.
Key Takeaways Federal contractors must adhere to the Federal Acquisition Regulation (FAR), which ensures fair, transparent, and efficient procurement processes. Governed by a comprehensive set of laws and regulations, this process ensures fairness, transparency, and accountability.
Before moving to private industry, Kingsberry served as chief information officer for the federal Recovery Accountability and Transparency Board. In that role, he led successful efforts to provide transparency on stimulus spending and oversight of fraud, waste and abuse.
Just days later, on March 5, 2024, House Chairman Comer and Ranking Member Raskin introduced the Federal AI Governance and Transparency Act. This bipartisan bill would focus government resources on increasing transparency, oversight, and responsible use of federal AI systems and centrally codifying federal governance of agency AI systems.
Denton highlighted in his opening remarks, the timing of this year’s Conference coincided with the United Nations General Assembly, an auspicious reflection of the ICC’s history as a steadfast institution providing neutral, transparent, inclusive, and accountable multilateral platforms for the past 100 years and the century to come.
The Memo mandates that the agencies ensure that their staff is adequately trained to assess and oversee the AI, as well as provide additional human oversight and accountability when the AI is not permitted to act due to a rights- or safety-impacting issue that requires human mitigation.
The government has promoted public participation in procurement monitoring, which is vital to combating corruption and improving efficiency, but few independent civil society organizations and individuals had the information, skills and influence to track contracting effectively.
Unless and until Mongolia embraces a stable business environment that transparently creates and predictably implements laws and regulations, investors will likely find Mongolia too risky and opt for more competitive countries. In 2020, the mining sector accounted for 21.6%
Significantly, FSS Blanket Purchase Agreements (BPAs), which leverage individual agency requirements, now account for over 53% of the dollar value of orders under the program. Importantly, this process should be transparent, providing all stakeholders, including the public, the opportunity to provide feedback on any proposed revisions.
Finally, the Committee contemplated adjustments in contracting to account for the infrastructure needed for continuous AI model training. He viewed the federal procurement process as offering an opportunity to influence standards/frameworks for AI development/deployment.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content