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

Tracker Intelligence

For instance, a lack of clear, coherent tendering procedures or regulatory violations in the tender advertisement may affect the execution of government projects. By addressing these challenges, procurement teams can enhance transparency, ensure compliance, and deliver value for money. These include: Wastage of taxpayer money.

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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. Enhanced Transparency and Traceability Blockchain technology introduces an unprecedented level of transparency and traceability in procurement processes.