This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Smart public procurement refers to making optimal decisions to minimize waste and enhance the quality, efficiency and sustainability of public spending when purchasing and contracting goods, works and services. What is Smart Public Procurement?
At 2 am on Saturday morning, the day after the 10th Conference of the States Parties to the UN Convention against Corruption (UNCAC) was meant to end in Atlanta, exhausted negotiators finally adopted a resolution on “ Promoting transparency and integrity in public procurement in support of the 2030 Agenda for Sustainable Development ”.
A crucial question is how to translate that finance into more effective projects and investments on the ground and prevent leakages against governance risks. They must be powered by open, transparent, comprehensive real-time data on public contracts – from the spending all the way to the implementation. Now, an estimated 6.5
It’s why all city leaders, not just those in finance, must be well-versed in the different types of budgetary concerns and how to navigate them. Recommendations for city governments In the face of looming fiscal challenges, city governments must adopt strategic measures to ensure financial stability and sustainability.
There’s never been a better time to explore creative solutions for stretching budgets further and turning federal infrastructure funding into transformative investments in efficient and sustainable water management. Here are 4 a-ha moments from their conversation that should be on the mind of every finance professional.
Blog » Procurement on the Thames: Ivalua’s London Summer Symposium June 26, 2023 | | Thought Leadership by Eloise Barnum As businesses navigate through supply chain disruptions, high inflation, and sustainability initiatives, procurement, and supplier management has taken center stage in driving change. See you soon!
The Handbook should be read in conjunction with Scottish Procurement Policy Notes , legislation, guidance and other supporting documents, such as the Scottish Public Finance Manual (SPFM).
the subcommittee’s ranking member, noted that her sustained push for a regulatory framework for digital assets has “some parallels” with the need for oversight on AI in housing. “We “But they also have the potential to bake in existing inequities and to reduce accountability and even limit opportunity.” Cynthia Lummis, R-Wyo.,
We want to enable one billion people to live in more equitable, prosperous and sustainable communities by 2030 by improving US$2 trillion in public procurement spending. We want to unlock its power to improve economic inclusion and sustainability, rebuild integrity and trust, and deliver the quality public services that we all deserve.
It’s an appropriate workplace for the woman spearheading efforts to increase transparency and oversight of public spending in Rwanda, by digitalizing the platform running the country’s public procurement and professionalizing its workforce and processes.
As the largest portion of the economy that is directly in government’s hands, public procurement is now at the forefront of interventions in digitizing government business, and advancing inclusive development, sustainability, and open government. This was not always the case.
This objective implies two major challenges for finance ministries. Spending, taxation, public investment, debt management and financing policies can contribute to transform the behavior of different economic actors. C as possible. The following is a summary of the main opportunities found in this new publication.
Challenge : The City of Des Moines in Iowa wanted to leverage procurement to improve equity and sustainability, but knew its current procurement processes and tools were insufficient. Current, closed, and awarded bids can now be found online, increasing transparency throughout the process. What a barrier that was for so many people!”
Key Differences Between Public and Private Sector Procurement There are a few key differences between public and private sector procurement, including their objectives, the tendering process, supplier selection, regulations and frameworks, transparency in awarding contracts, and even the payment process.
Sustainability. Embracing sustainability as a goal and metric that you scorecard suppliers on is a good place to start to get ready for this trend that will become a staple in how successful companies do business. Most companies we see today have their finance departments bogged down with spreadsheets.
AI can introduce data-driven insights for more evidence-based and transparent budgeting. AI-driven procurement processes can also improve fair competition, transparency, and cost-effectiveness for government acquisition programs. Make sure to select newsletters option, after choosing the fiscal policy and management topic. al 2022.
The goal is to sustainably create value and share that value with the Group’s entire ecosystem.”. Aurélie LUCAS tasked JB to provide sustainable, locally sourced #loveprocurement t-shirt, delivered on stage via an environmentally friendly bike delivery! Audrey Izard, L’Oréal . More pictures of actual trees to follow! .
The vision is to go beyond supporting “just” a transparency and reporting portal to have a digital ecosystem that integrates real-time damage assessments, budgets, project planning, procurement and delivery. This is not only a transparency portal, it’s a coordination portal, changing the power dynamics of how reconstruction is done.
The Resourcing Question The draft statute identifies three possible sources of financing: member contributions, service fees and donations (Article 8(1)). With public finances under strain, many governments may have to prioritise. Reliance on donations raises several issues. 37, and January 2024 Session Report , paras. 43 and 85).
Over the past two decades, a growing number of Latin American and Caribbean (LAC) countries began adopting fiscal rules to limit overspending influenced by election cycles, public pressure, and other political economy factors, helping the region strengthen its fiscal solvency and sustainability.
Constituents must trust that their need for essential services can be met with transparency, without sacrificing their privacy and security. Employees of federal agencies seek equitable, inclusive workplaces, flexibility in where and how they work, transparent communications, and training in the latest technologies. DLA is the U.S.
In this week’s Procurement Leaders webinar recap, we address leveraging the tremendous power of data with Alex Saric, Ivalua’s Chief Marketing Officer and Johan Duba, CTO of Finance at Booz Allen Hamilton. Worth a watch: Webinar replay here.
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.
Senior tax policymakers from across the region attended the event organized by the IDB, the World Bank and the G-20 Brazilian presidency, represented during the event by Ministry of Finance and Receita Federal do Brasil (RFB), the country’s federal tax agency. Strengthening institutions, rule of Law, and protecting property rights.
Most notable in Pillar 1 is the generation of an income transfer mechanism which meets the progressive criteria outlined in the United Nations Sustainable Development Goals. New features of the proposal It is important to acknowledge that is a very innovative proposal. Another significant measure is the application of unitary taxation, i.
Sobota affirmed that a big concern about the use of AI is precisely “the black box effect”, i.e., the lack of transparency on the sources and operations of generative AI. the Paris Agreement) and the eventual need to encourage and sustain, for instance, fossil fuel investments.
During the training, Jason, Liam, and Alex will cover the following topics and more: Pricing – Transactional Data Reporting (TDR)/Commercial Sales Practices (CSP); Domestic Preferences; Supply Chain; Enforcement/Mandatory Disclosure/Ethics; Sustainability Requirements/Policy; and Bid Protests Update. Open Government National Action Plan.
Ivalua Spend Management Insights [ivory-search] Navigating CSRD Regulation: What Procurement, Supply Chain, and Finance Leaders Need to Know June 12, 2023 | | Sustainability by Vishal Patel In an effort to drive sustainability and combat climate change, the European Union has introduced the Corporate Sustainability Reporting Directive (CSRD).
We moved from transparency to transformation. We will also be making the case for better public procurement as a cross-cutting priority public financial management reform for the SDGs at the Financing for Development Conference in Spain.
In addition, a dedicated Sustainable Public Procurement (SPP) Competence Center was established in the LPPO to lead implementation and to support contracting authorities and suppliers in their adoption of green criteria. In 2023, the LPPO added a set of key sustainability performance indicators to its procurement dashboard.
The notice states that to ensure customer satisfaction, GSA would like to increase transparency on facets of contractor performance such as on-time delivery and cancellation rates. Learn from Federal executives and strategic business partners in the fields of finance, procurement, human capital and other functional areas.
Key Takeaways Federal contractors must adhere to the Federal Acquisition Regulation (FAR), which ensures fair, transparent, and efficient procurement processes. Governed by a comprehensive set of laws and regulations, this process ensures fairness, transparency, and accountability.
The ‘rise in legislation’, including the EU Corporate Sustainability Reporting Directive and the EU Corporate Sustainability Due Diligence Directive (see here for previous coverage), impose new duties and potential liabilities on businesses.
The central role of private investors in the climate transition was recognized already in the 2015 Paris Agreement , which emphasizes the importance of finance and investment in operationalizing the goal of limiting global warming to 1.5°C C above pre-industrial levels. Article 2.1(c)
Central to the event were the themes of generative AI, sustainability, security, and—importantly for Europe—digital sovereignty. They launched Falcon LLMs , three foundational large language models, to facilitate research in healthcare, finance, education, and more. Good governance is fundamental for responsible systems.
Within the finance sector, there exist AI-powered tools (e.g., Reliability and Transparency AI tools also likely fall short of the requirements of reliability and transparency that are necessary to sustain the legitimacy of legal proceedings. Comparables.AI This represents a human element that AI cannot yet replicate.
transparency for image manipulation), or substantial requirements (e.g. A good example of this is the use of public procurement to contribute to the promotion of sustainability objectives, even to the detriment of traditional aims such as ensuring the best value for money in a strict, financial sense.
While the e-procurement system doesn’t include the quasi-governmental sector and sovereign wealth fund (which aren’t governed by the public procurement law) it provides full transparency on the general procurement market which accounts for at least a third of Kazakhstan’s public spending. platform mentioned in the case study above.
Demand data is shared publicly every other month through GSA’s Vendor Support Center To work towards its goal of “complete transparency” in government procurement purchasing, GSA has expanded its datasets and plans to make more data available over the coming years. GSA is also expanding TDR as an option to additional SINs in August 2024.
A critical finding and recommendation of the World Bank report is to strengthen the transparency and efficiency of public spending and procurement, including through open data and digital procurement reforms. They know full well they will be the ones ultimately paying for it through higher taxes and poorer development outcomes.
On the other hand, SADC decided against including the FET or fair administrative treatment in the SADC Finance and Investment Protocol. See e.g., PSEG v Turkey , ICSID Case No. ARB/02/5, Award , ¶ 240; Infinito Gold Ltd. In 2017, SADC issued a revised model BIT , which, like the PIA, provides fair administrative treatment in the place of FET.
Latin America and the Caribbean are at a crossroads of environmental sustainability and inclusive development; and public governance plays a critical role in a fair green transition, especially given existing inequalities, limited fiscal capacity, and deteriorating public trust. of gross domestic product (GDP) in 2022 compared to 39.7%
Advancing Equity and Civil Rights Section 7 focuses on three key categories where AI can impact civil rights: (1) the criminal justice system; (2) government benefits and programs; and (3) issues in the broader economy, including hiring, housing, and consumer finance. as related to benefits determinations) is warranted.
It uses medium-term macro-fiscal projections and analyses national or subnational public finances. It also analyzes how the government plans to comply with its fiscal rules and maintain debt at sustainable levels. The Ministry of Finance produces limited internal medium-term fiscal forecasts, superseded by the projections of the CFP.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content