Remove Bid Rigging Remove Innovation Remove Participation
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SmallGovCon Week in Review: Jan. 28-Feb. 2, 2024

SmallGovCon

The SBA Revamps the Federal Contracting Program for Small, Disadvantaged Businesses Procurement Innovation Lab to tackle ‘big A’ acquisition at DHS New FAS Catalog Platform is a “game-changer” for vendors using GSA Advantage Former Federal Employees Sentenced for Conspiracy to Steal Proprietary U.S.

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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. By recording each transaction on a distributed ledger, blockchain allows all authorized participants in the network to access the same information in real-time.

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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. This limits competition and discourages innovative enhancement. Simplifying tender criteria and creating supplier-friendly policies encourage participation and innovation.