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Smart public procurement refers to making optimal decisions to minimize waste and enhance the quality, efficiency and sustainability of public spending when purchasing and contracting goods, works and services. Better fiscal balances will contribute to greater macroeconomic stability. What is Smart Public Procurement?
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?
The interplay between these principles ensures the responsible and transparent management of public funds, crucial for meeting community needs while optimizing economic benefits. It aims to achieve best value for money by balancing life-cycle costs and quality to meet user needs beyond just the lowest initial price.
Public procurement needs to be more transparent, efficient, and accountable to tackle the major social and economic challenges faced by governments across the world. Transparency on legal and regulatory frameworks To make e-GP systems work effectively, it’s essential to have supportive legislative arrangements in place.
Louis struggle with resource constraints and grapple with the significant challenges cities face in balancing budgets, maintaining public services and managing infrastructure needs. Regularly updating financial models and engaging in long-term fiscal strategy development can provide a clearer roadmap for sustainability.
As the largest portion of the economy that is directly in government’s hands, public procurement is now at the forefront of interventions in digitizing government business, and advancing inclusive development, sustainability, and open government. This was not always the case.
Detail your methodology to explain how you plan to maintain transparency and address issues promptly. Balancing competitive pricing with maintaining profitability is critical when bidding on government contracts. A successful technical approach outlines methodologies and demonstrates how the proposed solutions meet customer needs.
Securing a contract involves preparing a competitive proposal that meets the solicitation document’s requirements, developing effective pricing strategies that balance competitiveness with profitability, and potentially navigating subcontracting and partnerships.
CTA April 28, 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? Those are three hot topics in the enterprise today. When I say technology, I’m not talking about spreadsheets,” White said.
Companies will face a variety of short and long-term challenges, such as balancing the effects of downward prices, output cuts, movement of demand to alternative energy sources, heavy capital investment for new capacity, complex government regulations and rising operating costs.
Transparency in the adoption of cloud is just so crucial. This may involve adapting regulatory frameworks, supported by workforce training and infrastructure changes to make sure the cloud can be deployed securely and sustainably. It’s important to explain the advantages, the value to the patient, the solutions and the risks.
Although we have come a long way, the gaps still exist and to realize inclusive economies and sustainable development globally, we must #InspireInclusion. This International Women’s Day, we’re flipping the script and debunking some of these myths one by one.
Sustainability Focus: Many social value frameworks incorporate environmental sustainability, such as reducing carbon footprints or promoting green practices through supply chains. It also aligns with global goals like reducing greenhouse gas emissions and promoting sustainable development.
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. This enhances objectivity and transparency, strengthening the credibility of escape clause implementations.
Aligning suppliers to overall Procurement and broader business strategy is critical to create sustained long-term value. . Integrated or Holistic Supplier Management creates sustained value. Sustainability initiatives to reduce scope 3 carbon emissions . Embarking on a sustained value journey.
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.
Sustainable development requires resources, which foreign states can access through foreign investment. This post will also show that ISDS can become an effective tool to ensure a sustainable future. As demonstrated in this post, these critiques are misguided. IBA Report, p.
Current Challenges in ISDS Kenneth Beale addressed the developments around sustainability, climate change and the Energy Charter Treaty with respect to ISDS. Where do We Stand?
Sustainability. By 2025, many Directors will be Millennials and will drive to find renewable disposition and consumption approaches to resources while balancing ways to drive revenue. Other areas cited in the article are Innovation, Collaboration, Transparency, Information, and People. Think of the brand Tom’s shoes.
There’s never been a better time to explore creative solutions for stretching budgets further and turning federal infrastructure funding into transformative investments in efficient and sustainable water management. We need to have transparency. Driving efficient and sustainable water management requires a new mindset.
As the lynchpin to suppliers, they play a pivotal role in combatting the effects of inflation, ensuring supply continuity, complying with regulatory requirements, improving sustainability and other top business priorities. The biggest gains in sustainability typically come from working with suppliers rather than finding new ones.
The vision is to go beyond supporting “just” a transparency and reporting portal to have a digital ecosystem that integrates real-time damage assessments, budgets, project planning, procurement and delivery. After the launch, the systems were transferred to the balance of the state in the form of a state-owned enterprise.
GTI-WP/2020:01, Budapest: Government Transparency Institute. It establishes a robust methodology to explore what impacts can be measured and also explores the channels through which transparency is indeed impactful – e.g. who are the stakeholders and enablers that are the actual drivers of change using increased transparency.
Sobota affirmed that a big concern about the use of AI is precisely “the black box effect”, i.e., the lack of transparency on the sources and operations of generative AI. the Paris Agreement) and the eventual need to encourage and sustain, for instance, fossil fuel investments.
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)
The choice seems easy to make, as it tends to increase domestic resource mobilization, but the revenue expected needs to be balanced with the cost of administering the complexity and increasing data processing demand of a global tax, requiring investments in technology and capacity building inside their tax administrations.
Equally, companies are hungry for new technologies that can help them achieve sustainability. 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. He queried whether we are “failing” the global south again.
The administration of the tax would require a single tax return (consolidated balance sheet of the mega MNE) to be filed with the tax authorities of the country where the ultimate parent company is domiciled, and the information would be shared with the other countries. Another significant measure is the application of unitary taxation, i.
In addition, a dedicated Sustainable Public Procurement (SPP) Competence Center was established in the LPPO to lead implementation and to support contracting authorities and suppliers in their adoption of green criteria. In 2023, the LPPO added a set of key sustainability performance indicators to its procurement dashboard.
Ivalua Spend Management Insights [ivory-search] Navigating CSRD Regulation: What Procurement, Supply Chain, and Finance Leaders Need to Know June 12, 2023 | | Sustainability by Vishal Patel In an effort to drive sustainability and combat climate change, the European Union has introduced the Corporate Sustainability Reporting Directive (CSRD).
Photo credit: Flickr While carrying out research on the impact of digital technologies for public procurement governance, I have realised that the deployment of artificial intelligence to promote sustainability through public procurement holds some promise. It is difficult enough to have access to information on ‘live’ tender procedures.
Key Principles Of Public Procurement Transparency: Clear and Open Processes Public contracts aren’t handed out in secret. Governments aim to support ethical, sustainable businesses while getting the best value. This makes the procurement process faster, transparent and easier to track.
The tribunal stated Colombia acted transparently, publicizing the páramo delimitation, to the point that Red Eagle itself took the chance to participate in such delimitation. This decision not only safeguards Colombia’s sovereignty but also underscores its commitment to environmental conservation and sustainable development.
Central to the event were the themes of generative AI, sustainability, security, and—importantly for Europe—digital sovereignty. 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.
For significant inflation, especially over a sustained time period where there may be multiple adjustments, the superior approach seems to be an Agency-designed clause which relies upon a cost index. ]” [26] I take this as an implied acknowledgment that, generally, FAR 52.216-4 is suited to minor, not major, cost fluctuations. Wiltel, Inc.,
The EU submission The EU submission notes that current WTO rules are not effective in tackling industrial subsidies, especially due to a lack of transparency in some Members’ interventions in the market.
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.
With end-to-end supply chain transparency and data creating a virtual digital twin of global logistics operations, use cases in the transportation sector target frictionless delivery experiences. Over time, AI-assisted decision-making sharpens routes, saves fuel costs, and prevents breakdowns through predictive maintenance.
Latin America and the Caribbean are at a crossroads of environmental sustainability and inclusive development; and public governance plays a critical role in a fair green transition, especially given existing inequalities, limited fiscal capacity, and deteriorating public trust.
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.
The EO directs Independent Regulatory Agencies to clarify responsibilities, conduct due diligence and monitor third-party AI services they use, and to clarify expectations and requirements related to the transparency and explainability of AI models.
“A marketer’s advertisement features a picture of a laser printer in a bird’s nest balancing on a tree branch, surrounded by a dense forest. Setting clear and achievable sustainability goals is a way to avoid greenwashing. Transparency and honesty are cornerstones of avoiding greenwashing. Make a change.” ( § 260.4 (d)
The other group suggested enhancements and more pronounced checks and balances of the existing arbitration system. Spain which have sustained the Achmea objection and declined jurisdiction. Many were keen to forecast the end of ISDS in the short term or at least the gradual phase-out of investment treaty arbitration.
Luke Nottages Aggravating Australias Arbitration Ambivalence: Zephs ISDS Claims explored how individual cases, like Zephs claims against Australia, reflect broader regional attitudes toward arbitration, underscoring the need to address both investor concerns and State sovereignty to foster balanced ISDS mechanisms. Angela Ray T.
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