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Public procurement spending accounted for an average of 30% of total public spending across the region [1] and as much as 74% of that spending is wasted due to inefficiencies [2] , according to data from FISLAC , an analytics platform developed by the IDB’s Fiscal Management Division (FMM).
Author: Helen Doucette “Accept the bid from ABC Company” said the VP of Finance to the Director of Procurement. “I To accept the bid would put the organization at risk of being sued by all the other 6 compliant bidders for the value of this contract of $9 million plus up to 2 years of lost profit”, the Director replied.
Some of DRCF’s findings in the AI procurement report are astonishing, and should attract significant attention. The report is not specifically about public procurement of AI, but its content is relevant to assessing the conditions surrounding the acquisition of AI by the public sector. This is extremely worrying.
4 The Court rejected the government’s contention that because OTs are not procurementcontracts subject to the Federal Acquisition Regulation (“FAR”), they are necessarily removed from the Court’s bid protest jurisdiction. Examining the text and legislative history of the OT statutes at issue (i.e.,
4 The Court rejected the government’s contention that because OTs are not procurementcontracts subject to the Federal Acquisition Regulation (“FAR”), they are necessarily removed from the Court’s bid protest jurisdiction. Examining the text and legislative history of the OT statutes at issue (i.e.,
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