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Smart Public Procurement for Better Public Spending in Latin America and the Caribbean

Inter-American Development Bank

Smart public procurement refers to making optimal decisions to minimize waste and enhance the quality, efficiency and sustainability of public spending when purchasing and contracting goods, works and services. What is Smart Public Procurement? Better fiscal balances will contribute to greater macroeconomic stability.

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Roundtable roundup: Best practices for crown corporation procurement

Bonfire

Roundtable participants said under a certain threshold (around $100K for services and $25K for goods) their client departments have full discretion on how to source. If the amount is over the threshold, sourcing is led by the procurement team, whether through a public bid, NOI, or limited tendering option.

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Leveraging AI to Transform Macroeconomic and Fiscal Policymaking in Latin America and the Caribbean

Inter-American Development Bank

The technology’s potential to enhance the precision of economic forecasts, optimize budget allocations, and streamline tax administration is immense. AI can introduce data-driven insights for more evidence-based and transparent budgeting. However, it also introduces complexities that demand forward-thinking fiscal strategies.

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Navy’s journey to new procurement system remains in peril

Federal News Network

The Navy ePS program is on track, on budget and hitting all of its milestones, and since the report came out, they’ve onboarded yet another tranche of users and migrated $1.6 Increase supports additional sustainment costs, which includes licenses for functionality releases and user accession. billion in contracts on.

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Friday Flash 08/30/2024

The Coalition for Government Procurement

Office of Management and Budget (OMB) is reviewing the final regulations, with release expected before the end of the year. Further, confirming the broad applicability of CMMC, DOD confirmed that these requirements will be applicable to contracts below the Simplified Acquisition Threshold (which currently sits at $250,000). The CMMC 2.0

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Friday Flash 09/06/2024

The Coalition for Government Procurement

Attendees will gain insights into policy shifts, the budget outlook, and the overall procurement state of play in 2025 and beyond. percent for Federal civilian employees next year, consistent with the President’s fiscal year 2025 budget. The theme of this year’s two-day conference will be “ 2025 Federal Market: What’s Next?

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Friday Flash 02/09/2024

The Coalition for Government Procurement

Within six months, the Office of Management and Budget would have to require the implementation of the Framework by federal agencies. Agencies are directed to focus attention on maximizing small business participation below the simplified acquisition threshold. Register now by clicking here.