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Feds Cement Plea Deals In Ready-Mix Bid Rig Case

Government Contracts

A Georgia concrete company and an executive accused of participating in a price-fixing and bid-rigging scheme have reached plea agreements with the federal government, according to notices filed Tuesday.

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Asphalt Co. Exec Avoids Prison, Fined $100K For Bid Rigging

Government Contracts

The president of an asphalt paving company who pled guilty to participating in a scheme with other asphalt companies to rig bids for projects in Michigan for roughly eight years avoided prison time and was orderedTuesday to pay a $100,000 fine.

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SmallGovCon Week in Review: Jan. 28-Feb. 2, 2024

SmallGovCon

Government Software and Databases Agencies are losing out on software savings, GAO finds Government Contractors Agree to Pay $3.9

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Justice Department expands its procurement fraud strike force

Federal News Network

And most people that participate believe that it’s fundamentally honest. The majority of federal government procurement is not a set and attacked by bid rigging, price fixing and fraud schemes. There’s no such thing Tom as a bid rigging Crime of passion. Are we still in that place? Dan Glad Absolutely.

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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. Tracker Intelligence brings opportunities for procurement on board, thereby supporting SMEs in procurement to participate easily.