Remove Contract Management Remove Supplier Remove Transparency
article thumbnail

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

Tracker Intelligence

Having a solid understanding of public procurement principles enables procurement professionals and suppliers to confidently navigate public sector procurement. A transparent approach lowers procurement risk, prevents corruption, and fosters confidence between suppliers and public sector organisations.

article thumbnail

Understanding the new Procurement Act 2023: What suppliers need to know - Part 1

VWV

The Procurement Act 2023 (the Act) introduces a range of reforms aimed at simplifying and enhancing transparency in the procurement process, which should be good news for suppliers. Part 2 will cover the debarment list; contract award process and what options are available to suppliers if things go wrong.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

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.

article thumbnail

Advancements in Transparency and Integrity through Blockchain in Public Procurements

Public Contracting Institute

In the era of digital transformation, blockchain technology emerges as a beacon of hope for enhancing transparency and integrity in public procurements. By leveraging blockchain’s capabilities, these entities can significantly mitigate corruption risks, streamline operations, and foster a more transparent procurement environment.

article thumbnail

Ivalua Recognized as A Leader in Supplier Value Management Platforms, Q1 2022 report

ivalua

Redwood City, CA – March 24th, 2022 – Ivalua, a global leader in spend management, today announced that it has been named a leader in The Forrester Wave : Supplier Value Management Platforms, Q1 2022. In today’s dynamic and uncertain environment, strong supplier relationships are a key competitive advantage. About Ivalua.

article thumbnail

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.

article thumbnail

Aker BP Goes Live with Ivalua to Digitalize Source-to-Contract (S2C) and Supplier Management

ivalua

Ivalua, a global leader in spend management , and KPMG Norway today announced that Aker BP has gone live with Ivalua’s S2C and Supplier Relationship and Risk Management (SRM) solutions to streamline its direct and indirect procurement operations. About Ivalua Ivalua is a leading provider of cloud-based Spend Management software.