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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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Leveraging Data Analytics in Procurement: Unlocking Efficiency and Strategic Value

Tracker Intelligence

It focuses on how public sector entities can enhance compliance and transparency. Prescriptive Analytics: Suggests optimal procurement strategies, for example, automating procure-to-pay processes or improving contract management protocols to offer strategic guidance. What is Data Analytics in Procurement?

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What is the FAR: Your Guide to the Federal Acquisition Regulation

Select GCR

Key Takeaways The Federal Acquisition Regulation (FAR) is the comprehensive set of rules that govern the procurement process of the US federal government, ensuring consistency, ethical practice, and efficiency across all executive agencies. These provisions and clauses are instrumental in ensuring fair and ethical procurement practices.

Ethics 52
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Friday Flash 10/11/2024

The Coalition for Government Procurement

GSA & VA Schedule Contracting Training for In-House Counsel, Oct. 29 The Coalition for Government Procurement is proud to once again host its “must attend” General Services Administration (GSA) and Veterans Affairs (VA) Schedule Contracting Training for In-House Counsel on October 29! To register, click here.

Price 52
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The Public Procurement Glossary

Tracker Intelligence

The contracting authority or government agency sets the rules, picks the best supplier, and ensures everything runs smoothly. It is all a part of supply chain management, making sure the right products and services get to the right place at the right time. It covers everything from tendering and bidding to contract management.

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Evolution of the Status Quo

The Procurement School

We can achieve cost confidence by utilizing progressive project delivery models that involve design and construction project partners very early, and by engaging in transparent collaboration. Trust is precious and essential, and it must be preserved, so be open and transparent about money up front.

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When should procurement be outsourced?

The Procurement School

Consistently, external auditor findings have shown the lack of professionalism in procurement to be a financial problem often accompanied with ethical dilemmas. Procurement service providers work closely with public sector procurement consultants to streamline processes, maintain transparency, and uphold ethical standards.