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The Importance of Ethical Procurement Practices in Public Sectors

The Procurement School

In conducting research for this article, I found many definitions of ‘Ethics’. For example, a Buyer was tasked with ordering scientific equipment and lab supplies for a university in Africa. Obtaining a procurement certification or a purchasing certificate can be a wise decision for those aspiring to excel in public procurement.

Ethics 98
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Procuring AI is a risky activity. We need more regulation to make it work in the public interest

Open Contracting Partnership

As the introduction to this series stresses , there are “already identified lessons and best practices in purchasing IT & software and many of the best practices apply” to AI procurement too. In my view , it is not reasonable or realistic to expect public buyers to develop these tools by themselves. So maybe this is nothing new.

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Thoughts on what is fair and reasonable?

Federal News Network

Specifically, the PAP states that “[t]he term “fair and reasonable” is generally considered to mean a price that is fair to both parties in a transaction , not higher than what the competitive market would bear or a price that a prudent and competent buyer would pay for a product or service under competitive market conditions.”

Price 70
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Bidding The Right Way

Tendersinfo

As government bids follow a definite procurement process it is important for Bid Managers to meet all the deadlines and eligibility criteria of Government Procurement. Identify the Pain Areas of the Buyer It is of utmost importance to comprehend the requirements and recognize the torment spaces of the buyer.

Bidding 52
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Chile’s procurement monitoring system now open to the public

Open Contracting Partnership

With the help of automated analytical tools, the agency has been able to focus its prevention and control efforts on transactions with the highest risk, and in turn, harness the power of data to institutionalize better purchasing practices among government entities that conduct procurement through the Mercado Publico online platform.

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Procuring AI without understanding it. Way to go?

How to Crack a Nut

The one finding that should definitely not go unnoticed is that, according to DRCF, ‘ Buyers can lack the technical expertise to effectively scrutinise the [algorithmic systems] they are procuring, whilst vendors may limit the information they share with buyers ’ (at 9). This is extremely worrying.

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Government Contracts Cost and Pricing: The Truth in Negotiations Act, or Whatever the Kids Are Calling It These Days (Part 3)

Government Contracts & Investigations

3] TINA defines cost or pricing data to mean all facts that, as of the relevant date, a prudent buyer or seller would reasonably expect to affect price negotiations significantly. [4] 42] Review the purchase order history and the complete buyer’s file ( e.g. , quotes, negotiation summary, correspondence, purchase orders (PO), etc.)