Remove Balance Remove Corruption Remove Procurement Contracts
article thumbnail

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

Inter-American Development Bank

Thus, smart public procurement can be defined as the strategic process of making the best decisions that minimize waste while enhancing the quality and efficiency of public spending. Better contracts and processes, for example, could reduce the risk of delays, quality problems or unexpected costs. Source: Authors’s elaboration.

article thumbnail

How exporting weapons becomes risky for contractors who make the exports

Federal News Network

government is going to be your contracting party and they’ll basically operate as a bit of a middleman between you, the contractor and that foreign government. procurement contract. I think the Justice Department has characterized sanctions as the new FCPA, the new Foreign Corrupt Practices Act. It is complicated.

Export 104
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

2024 Year in Review: Arbitration in India – Reset or Rewind?

Kluwer Arbitration

This proposal has raised concerns about undermining the legitimacy of the arbitration process and whether it strikes the right balance between party autonomy and the supervisory role of courts. First, the Guidelines note that arbitration should not be automatically included in procurement contracts, particularly large contracts.

Balance 52
article thumbnail

2024 in Review: India

Kluwer Arbitration

This proposal has raised concerns about undermining the legitimacy of the arbitration process and whether it strikes the right balance between party autonomy and the supervisory role of courts. First, the Guidelines note that arbitration should not be automatically included in procurement contracts, particularly large contracts.

Balance 52