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Why Malaysia needs a new public procurement law

Open Contracting Partnership

Malaysia must set out clear principles for all public procurement procedures in a single piece of overarching legislation and create a robust and comprehensive public procurement law rooted in open contracting principles – putting transparency, competition, and efficiency at the forefront.

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Key Principles of Public Procurement: Transparency, Value, and Fairness

Tracker Intelligence

This guide examines the fundamentals of public procurement, including fairness, value for money, and transparency, and how they influence both ethical and effective procurement procedures. A transparent approach lowers procurement risk, prevents corruption, and fosters confidence between suppliers and public sector organisations.

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

Inter-American Development Bank

This holistic strategy—anchored in transparency, accountability, and technological integration—fosters a robust fiscal environment conducive to sustainable economic growth and enhanced public trust. This new way of managing contracts can fundamentally change the relationship of parties involved in public procurement.

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How to Bid on Government Jobs: A Practical Guide

Select GCR

Additionally, having a solid accounting system that adheres to generally accepted accounting principles is essential for maintaining compliance and ensuring successful contract management. Finding Government Contract Opportunities Finding the right government contract opportunities is a crucial step in the bidding process.

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The FAS realignment: Opportunities for “dead easy?”

Federal News Network

It also breaks down the long-standing regional contracting structure that supported the MAS program. Second, the realignment provides an opportunity to increase transparency for customer agencies and industry partners seeking to do business with FAS. Third, the alignment provides an opportunity to improve data management.

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What is a Prime Contractor?

Select GCR

Key Takeaways Prime contractors, central to federal contracts, manage and ensure compliance with government projects, hiring subcontractors and overseeing all aspects from start to finish. Additionally, prime contractors may need to flow down specific contract clauses to their subcontractors to ensure regulatory compliance.

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Procurement Act 2023 - Go-live date and update

VWV

Transparency The Regulations set out more detail on the transparency provisions and the requirements of the notices to be published throughout the full lifecycle of a procurement. Cabinet Office Guidance Documents The Cabinet Office has also published guidance documents on the Act - Procurement Act 2023 guidance documents.