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Author: Helen Doucette “Accept the bid from ABC Company” said the VP of Finance to the Director of Procurement. “I To accept the bid would put the organization at risk of being sued by all the other 6 compliant bidders for the value of this contract of $9 million plus up to 2 years of lost profit”, the Director replied. Stay or go?
Author: Graham Allen It is often said, “… working in public procurement is akin to being in a fish bowl with the cat watching.” This is an indication of the level of transparency and accountability required by public procurement professionals. Preparation Each procurement is technically a legal case waiting to happen.
Introduction: In the realm of Canadian public sector procurement, understanding the fundamental principles of contract law is essential for ensuring fair, transparent, and effective practices. This article delves into the core concepts of Canadian contract law and examines their practical applications within the context of procurement.
Procurement analytics is quickly becoming a core practice for efficient operations and effective sourcing in today’s rapidly changing business environment. Data-driven decision-making enables procurement teams to improve performance and align with wider organisational goals including corporate social responsibility and risk management.
The Public Procurement Glossary Public procurement can feel like a maze of unfamiliar terms and endless abbreviations. Thats exactly why this Public procurement glossary existsto make things simple. No fluff, no confusing jargonjust procurement terms and abbreviations explained in a way that actually makes sense.
Simply put, the Federal Acquisition Regulation (FAR) is the primary rulebook governing all federal government procurement processes. As you navigate this guide, expect to uncover the intricacies of FAR, how it’s structured, and what it means for contracting with the federal government. government procurement. What is the FAR?
The UK’s Digital Regulation Cooperation Forum (DRCF) has published a report on Transparency in the procurement of algorithmic systems (for short, the ‘AI procurement report’). Some of DRCF’s findings in the AI procurement report are astonishing, and should attract significant attention. This is extremely worrying.
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I need to do business with people that meet certain standards of ethics and conduct. government is going to be your contracting party and they’ll basically operate as a bit of a middleman between you, the contractor and that foreign government. procurementcontract. Export control laws.
This Wednesday, The Coalition for Government Procurement had the pleasure of hosting the 11 th Annual Joseph P. This fund, which has raised more than $140,000 over the years, has supported veterans as they pursue their education in government procurement law at the GW Law School. Caggiano Memorial Golf Tournament! Why Attend?
Celebrating a Dedicated Procurement Leader: Wishing Tom Sisti a Happy Retirement! It is with mixed emotions that The Coalition for Government Procurement announces the retirement of Executive Vice President & General Counsel, Tom Sisti. Furthermore, he worked as Procurement Counsel detailed to the U.S.
Announcing the Coalition’s Cyber Side Chat, September 12 The Coalition for Government Procurement is proud to present its first-ever Cybersecurity Symposium: The Cyber Side Chat on September 12! Gain valuable insights from leading government and industry cybersecurity and procurement professionals. To register, click here.
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In Memory of Marcia Madsen It is with heavy hearts that the staff and members of The Coalition for Government Procurement mourn the passing of our dear friend and colleague, Marcia Madsen. As anyone who had the privilege to work with her can attest, her work ethic was legendary.
Public procurement plays a significant role in economic and social growth by assuring that governments deliver vital services and infrastructure to their societies. This article will focus on tackling challenges in the public procurement process and suggests practical solutions for these challenges.
Contract Management is an essential element of the procurement lifecycle as it helps to mitigate risks, ensure compliance and achieve desired outcomes. It is a structured approach to overseeing contracts from initiation to execution and leads to either termination or renewal. Finally, legal needs to sign off on the contract.
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