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Procurement Act 2023 - Transparency Regime

VWV

A key change in the new Procurement Act is the enhanced transparency regime. One of the most significant changes in the new Procurement Act is the transparency regime. For more detailed advice on how the new transparency regime will apply to your procurements, please get in touch at srickard@vwv.co.uk.

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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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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.

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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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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 continuous data flow strengthens public trust by minimizing corruption risks and reaffirming a commitment to transparency.

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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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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.