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Smart Public Procurement Can Contribute to Marofiscal Stability Smart public procurement spending can be a critical area for improving fiscal balances because it can improve the effectiveness of public expenditure by reducing waste. Better fiscal balances will contribute to greater macroeconomic stability.
Ivalua Spend Management Insights [ivory-search] A Balancing Act: Drive Sustainability while Managing Cost and Risk April 27, 2023 | | Supply Chain by Vishal Patel Cost, Risk, and Sustainability. The question is, how do you balance all three while maintaining continuous operations and generating revenue at the same time?
Leveraging arbitration’s strengths can ensure smooth integration of data privacy protection in our interconnected world, balancing individual rights with the ever-growing demand for data. Therefore, any proposed dispute resolution mechanism should permit balancing privacy rights and public interests.
As discussed below a recurring theme was the need to find a balance between having model clauses that were, on the one hand, innovative and likely to lead to faster and more efficient resolution of disputes in practice, while, on the other hand, containing sufficient quality and due process safeguards.
Key Takeaways Bidding on government contracts presents significant growth opportunities for businesses, especially small enterprises, with substantial revenue and credibility benefits. Detail your methodology to explain how you plan to maintain transparency and address issues promptly.
Reading the Evropaïki Dynamiki (ESP-ISEP) Judgment, one cannot but wonder if EU public procurement rules do not still impose an excessive degree of transparency in the debriefing of disappointed bidders. Public Procurement and the EU Competition Rules (Oxford, Hart Publishing, 2011) 358-9].
The question is, how do you balance all three while maintaining continuous operations and generating revenue at the same time? What’s more, since running an efficient supply chain involves a complicated balance of risk, sustainability, social governance and cost, technology is absolutely critical.
These sessions deliberated on the past, present and future of ISDS from an Indian and global perspective. Ashwita Ambast (Legal Counsel, Permanent Court of Arbitration) and Amit Sibal (Senior Advocate, Supreme Court of India) presented the state’s perspective on ISDS and how the mechanism could be reimagined. Where do We Stand?
These clauses, designed to provide temporary flexibility from strict fiscal targets during crises, aim to strike a balance between upholding fiscal rules and effectively responding to unexpected circumstances. Note: The graph presents the average score in each dimension for the 13 countries in the sample.
On one hand, the structural balance rule (SR) is the highest and stands at 79%. The fiscal balance (BBR) and debt rules (DR) also present high compliance rates, 69%, and 75%, respectively. ER stands for expenditure rule, BBR for fiscal balance rule, DR for debt rule, and SR for structural balance rule.
“What people are expecting is personalized, online, digital services for those things that can be digitized,” said Charlie Francis, Senior Consultant at Questica, which provides multi-user budgeting, performance measures, transparency and data visualization software for governments. It’s a way to tell the public, ‘We heard what you said.’”
AWS enables customers to get the most value from data by providing a comprehensive set of integrated tools and robust governance capabilities that balance access and control. Good governance is fundamental for responsible systems.
Although existing tools aim to streamline proceedings, they often overlook root causes of inefficiency, including the tendency of parties and counsel to focus on enforceability and prioritize the right to present their case at its fullest, fearing that efficiency compromises quality.
I am delighted to present to How to Crack a Nut readers an outline of my recently published book Framework Agreements, Supplier Lists and Other Public Procurement Tools: Purchasing Uncertain or Indefinite Requirements (Hart Publishing, 2023). The book covers this gap, mainly through legal contextual analysis with comparative perspectives.
Flexibility of Current Standards Building on this presentation, Justice Knowles discussed how the UK courts view these texts, and observed that so far, they have wisely considered that there may be more than needed. Justice Knowles suggested that there might be an area where transparency can play a role.
In any case, the FAR Council reasons that “the open-comment fields present the possibility of personal or private information being disclosed, if entered voluntarily by a participant.” As such, “review and redaction of comments would be necessary prior to publication to prevent the unintentional release of personal or private information.”
The goal is to ensure transparency in class arbitration proceedings involving stock market investors, corporations, officers, and major stakeholders (“Securities Disputes”), seeking to further protect the investors’ interests. 2.925/2023 (“ Bill ”) is intended to amend federal law no. 27-H in the Law no. 109 of the Law no.
Such broad priorities require new supplier strategies, new information and a delicate balancing act between competing objectives. Technology must be employed that supports securely sharing all relevant information between internal stakeholders and suppliers, and it must support effective planning and transparency for project teams.
Is greater transparency needed for revolution? The panel considered this question against the need to maintain confidentiality and balance competing common and civil law practices. This sentiment expresses the importance of this topic, one that captured the lively discussion of the panel, moderated by Jurgita Petkute (KNOETZL).
The 2024 Rules are presently available in English and Arabic , with a French version expected to be made available soon. The 2024 Rules aim at increasing efficiency, flexibility and transparency of arbitral proceedings conducted under the auspices of the CRCICA. The fees of the Arbitral Tribunal have increased by 15% to 35%.
Persuasion is a key element in any dispute, and to be able to present the case in the same language of any relevant document and relevant domestic legislation is a key factor. He also praised the balance achieved by the rules taking into consideration both states and investors’ interests.
Transparent criteria for evaluating social value proposals allow for fair competition among suppliers while keeping them liable for their commitments. European Union Procurement Directives These directives emphasise transparency, equal treatment, and the inclusion of sustainability goals in procurement decisions.
Emotion AI can generate detailed behavior reports presented in a user-friendly format with visual graphs and data points. On balance, emotion AI should be embraced, albeit within responsible and ethical boundaries. This technology finds applications in diverse areas, including image recognition and natural language processing.
He’s also a big proponent of ensuring the citizens absorbing rate increases clearly understand the value proposition of the additional cost, something he personally presented at more than 65 rate hearings during his tenure. I had two justifications I had to make every time I was presenting a rate increase,” says Hawkins.
Secondly, P&ID presented and relied on evidence that it knew to be false. This raises the question, should a tribunal intervene if it is clear that there is a lack of instructions (or weak instructions), such as a legal team’s failure to test the expert’s opinions, leading to a compromised presentation of the case?
On this point, Karel emphasised the different institutional approaches towards increasing transparency vis-à-vis arbitrator appointments, with counsel being responsible for learning the practice of each institution. Delays often stem from the excessive and misleading presentation of documents.
In December 2016, the AU passed the Pan African Investment Code (“PAIC”) —the first continent-wide model investment treaty—to promote sustainable development and “achieve overall balance of the rights and obligations between Member States and the investors under the Code.” See e.g., PSEG v Turkey , ICSID Case No. See Cargill v.
The balance between savings and values needs to be part of the conversation. Procurement service providers work closely with public sector procurement consultants to streamline processes, maintain transparency, and uphold ethical standards. He presented to the World Bank on social procurement strategies.
Guest Keynotes Nadia Malek,CPA , Desjardins delivered an incredible presentation, explaining that as procurement shifts from its cost-driven origins to a more strategic function, timing becomes a crucial factor. “As With its strategic advantage, procurement is poised to be the driving engine in our collective journey towards success!
Such due diligence should be proportionate to any additional specific risk posed by the use of AI, and could include site visits, clarification questions or supplier presentations. It presents as ‘for information only’ a request for information on the use of AI or machine learning in the context of the actual delivery of the contract.
By embedding these principles in IIAs, States are creating a legal foundation that can balance investor rights with the urgent need for environmental protection and social equity. Abolishing it without presenting a viable alternative would thus be detrimental. The availability of ISDS significantly influences investors’ decisions.
One could be forgiven for simplifying the goal of procurement to ensuring that public money is well spent , which could be further elaborated (following Schooner 2002 ) to encompass promoting integrity and value for money in the award of public contracts, and acting transparently to facilitate accountability. At first look, s.12(1)
With over 4,380 Blog posts published in almost 15 years of existence of the Blog, the diversity of topics and perspectives is impressive and constantly present, from posts authored by established arbitration practitioners to those authored by students aspiring to a career in arbitration.
When dealing with the latter, questions of transparency and the extent to which the arbitration will be private come into play. It’s a balance. André Tan Oh highlighted a further nuance: arbitrating against an entity which is state-run and publicly listed, versus fighting the administration itself.
1) sets an obligation on the administration to justify its decisions and that this motivation is not only in general, the expression of the transparency of administrative action, but it must also allow the individual to decide, with full knowledge of the facts, if it is useful for her to apply to a court.
On a more granular level, types of government contracts include: Joint ventures Set-aside contracts Fixed-price contracts Incentive contracts Each presents a specific method of engagement with the agency. However, they present a higher risk for contractors, who must cover all incurred costs within the fixed fee.
We are delighted to present the first issue of the ninth volume of the European Investment Law and Arbitration Review ( EILA Rev ). The other group suggested enhancements and more pronounced checks and balances of the existing arbitration system.
18] And, for DoD, Defense Federal Acquisition Regulation Supplement (“DFARS”) 216.203-4 limits the use of the FAR EPA clauses to DoD contracts that exceed the simplified acquisition threshold (presently $250,000 with exceptions), and performance is longer than six months. [19] commodity/industry-specific portions of the PPI or ECI). [22]
The PAP includes other directives and guidance that raise questions regarding equity and balance in the evaluation and negotiation of FSS pricing terms. Importantly, this process should be transparent, providing all stakeholders, including the public, the opportunity to provide feedback on any proposed revisions.
” This term combines humour and self-promotion, allowing candidates to present themselves in a light-hearted yet confident manner. The Canadian Public Sector Landscape The Canadian public sector is characterized by its commitment to diversity, inclusivity, and transparency.
Similar to previous years, Working Group IIIs work was presented to and finalized at the UNCITRAL Commissions 57th session , some of the outcome of which are presented below. 126-27), it will be crucial for stakeholders to maintain inclusive and transparent dialogue to build a more balanced and effective ISDS system.
40] The three notices to be posted are the “EEO is the Law” Poster , [41] the “EEO is the Law” Supplemental Poster , [42] and the Pay Transparency Nondiscrimination Provision. [43] So, how does a contractor/subcontractor balance these competing obligations? headquarters, satellite office, jobsite, etc.).
He presented an overview of the institution’s recent achievements: 100 new arbitrations in 2024 alone, and a significant partnership with JusMundi to publish selected arbitration awards—more on that later. If you couldn’t make it or had to leave early (we’ve all been there), here’s what you might have missed.
ICC Arbitration Featured Debate This House Believes Style Debate In the first session of the day, Juan Pablo Argentato (Managing Counsel, ICC)moderated two debates: one on the ICC Terms of Reference, and another on transparency in international arbitration. To conclude, Ms.
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