article thumbnail

Justice Department expands its procurement fraud strike force

Federal News Network

It’s not like India or Russia where bribery and corruption is the norm. The majority of federal government procurement is not a set and attacked by bid rigging, price fixing and fraud schemes. Tom Temin And by the way, do you also look at state and local level corruption when that happens? Collusion and so forth.

Collusion 101
article thumbnail

Advancements in Transparency and Integrity through Blockchain in Public Procurements

Public Contracting Institute

By leveraging blockchain’s capabilities, these entities can significantly mitigate corruption risks, streamline operations, and foster a more transparent procurement environment. Integrity Provides an immutable record, reducing fraud and corruption.

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. Detecting and preventing fraud The risks of fraud, such as bid rigging prevention in procurement and favouritism, can be mitigated using AI-powered analytics.