Remove Bid Rigging Remove Bidding Remove Supplier
article thumbnail

Food Supplier Can't Shake Off $5M DOD Bid-Rigging Claim

Government Contracts

A food supplier must face a U.S. Department of Defense agency's efforts to recoup the purported $5 million lost to an ex-employee's bid-rigging scheme, after a contract appeals board ruled the contractor was required to provide fair, unrigged prices.

article thumbnail

DOJ Asks High Court To Review Nixed Bid-Rigging Conviction

Government Contracts

Supreme Court to review the overturning of a former Contech executive's bid-rigging conviction, saying the appeals court was wrong to focus on a supplier relationship between companies that also compete for contracts. Department of Justice has asked the U.S.

article thumbnail

DOJ Asks 4th Circ. For Another Shot After Bid Rigging Flip

Government Contracts

Department of Justice has asked the Fourth Circuit to reconsider a panel's ruling that overturned a former Contech executive's bid-rigging conviction, saying the panel was wrong to focus on a supplier relationship between Contech and a competing contractor.

article thumbnail

Addressing Challenges In Public Procurement: Overcoming Barriers to Efficiency And Compliance

Tracker Intelligence

Fraud and Corruption Risks Bid rigging, favouritism, and a lack of transparency in processes undermine public confidence and effectiveness. Tracker Intelligence uses sophisticated procurement tools and integrates centralised systems, which decreases the time and effort needed for buyers and suppliers.

article thumbnail

Advancements in Transparency and Integrity through Blockchain in Public Procurements

Public Contracting Institute

It does so by offering an immutable, transparent record of transactions, which helps to eliminate common issues such as bid rigging, kickbacks, and other forms of corruption. Fostering Trust and Collaboration Blockchain’s decentralized nature breaks down barriers to trust and collaboration within the procurement ecosystem.

article thumbnail

GAO Assesses Health of the Defense Industrial Base

GovCon & Trade

To cure the problems identified, GAO recommends that the Secretary of Defense ensures the DoD does the following: Provide clear direction on which major defense suppliers should be prioritized for conducting M&A assessments. Assess whether its M&A office has sufficient resources to carry out its mission.