article thumbnail

Advancements in Transparency and Integrity through Blockchain in Public Procurements

Public Contracting Institute

This groundbreaking technology offers a new level of security, efficiency, and accountability, promising to revolutionize the way government agencies and public sector institutions conduct procurements. Efficiency Streamlines processes with smart contracts, reducing bureaucracy and paperwork.

article thumbnail

GAO Assesses Health of the Defense Industrial Base

GovCon & Trade

They can offer enormous efficiencies and competitive advantages to a bidder; however, without a well-crafted agreement, they can represent vectors of antitrust risk. Teaming agreements can pose risks as they generally require contractors to commit to not submit bids independently or with another party.

Bidder 147
professionals

Sign Up for our Newsletter

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

article thumbnail

SmallGovCon Week inReview: December 18-22, 2023

SmallGovCon

Avionics Equipment to Russia and Russian End Users Executives Charged with Bid Rigging, Territorial Allocation and Defrauding the U.S. And now in federal government contracting news this week, a big update about labor in federal construction projects.

article thumbnail

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

Tracker Intelligence

These barriers should be dealt with if the aim is to guarantee that public funds are expended in a transparent, lawful, and efficient manner. Fraud and Corruption Risks Bid rigging, favouritism, and a lack of transparency in processes undermine public confidence and effectiveness.