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Blockchain Technology and AI in Public Procurement

The Procurement ClassRoom

Integrating blockchain and artificial intelligence (AI) into public procurement processes holds significant promise for enhancing efficiency, effectiveness, and transparency, potentially reducing corruption. This minimizes human intervention, the primary source of corruption in public procurement.

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10 success factors for implementing e-procurement system

Open Contracting Partnership

Public procurement needs to be more transparent, efficient, and accountable to tackle the major social and economic challenges faced by governments across the world. Transparency on legal and regulatory frameworks To make e-GP systems work effectively, it’s essential to have supportive legislative arrangements in place.

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A red light for corruption: How the Dominican Republic is using open data, better processes & collaboration to fight corruption

Open Contracting Partnership

Approach: The new director of the procurement agency led the development of a data-driven corruption risk monitoring system and worked with a reform team to strengthen the institutional capacity of government buyers, improve cross-agency coordination and increase collaboration with civil society. Efficiency is key.

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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. This reduction would not only lead to lower interest expenses but also stimulate GDP growth by fostering a more efficient economy.

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10 ways that governments incentivize cloud use to accelerate digital transformation

AWS Public Sector

They create an enabling culture for innovation and promote transparency and trust in digitized services. In the Philippines, the Department of Information and Communications Technology (DICT) published the country’s Cloud First Policy to drive cloud adoption and “foster flexibility, security, and cost-efficiency.”

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Open government procurement drives innovation using the cloud

AWS Public Sector

The Efficiency of Open Procurement report, commissioned by Amazon Web Services (AWS) , concludes: “Closed and opaque approaches to procurement are flawed. It operates with a regulatory framework based on transparency, efficiency, accessibility, and nondiscrimination. They reduced contracts from six years to nine months.

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Procurement Methods vs. Solicitation Tools: What Every Procurement Professional Needs to Know

The Procurement ClassRoom

While it aligns with Liberia’s approach, the Model Law places greater emphasis on transparency, the documentation of justification for using restricted bidding, and minimizing disruptions to competition. The IFB or Bidding Documents are then employed as solicitation tools to engage suppliers and ensure a transparent process.