Remove Innovation Remove Procurement Strategies Remove Tender
article thumbnail

Three ways World Bank procurement can drive collaboration for the SDGs

Open Contracting Partnership

Strengthen rated criteria , and ensure these are clearly communicated and used in procurement, to account for factors beyond lowest cost alone. How can the Bank build on STEP to increase the value of its procurement data? Publish more granular procurement data, including outcomes, to enable better oversight and accountability.

article thumbnail

How Government Contracting (Government Procurement) Offers Opportunities for Innovation

Tracker Intelligence

Currently, almost one-third of public money is spent on government procurement. The Advantages of Public Sector Contracts Tendering for government contracts can unlock amazing opportunities for your business. Being paid reliably means more risks can be undertaken elsewhere, using your new resources to innovate and expand your offering.

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

Enhancing Competition in Public Procurement: Lessons from the NAO Report

Tracker Intelligence

Competition in public procurement is not limited to financial competition; it is a key source of innovation and guarantees the fair allocation of public contracts. If not resolved quickly, these issues could lead to higher costs, less innovation and missed opportunities to improve public services.

article thumbnail

The Role Of Social Value In Public Procurement: Driving Community Impact

Tracker Intelligence

Working with SMEs and local businesses enhances their ability to seek tenders, thus fostering inclusiveness and innovation. Evaluation criteria A weighted scoring system, particularly in relation to social value, guarantees that fairness is present alongside a clear prioritisation of desired outcomes in procurement processes.

article thumbnail

Collaborative Frameworks update: June 2024

Scottish Government Procurement

Further details can be found here: Procurement – media planning buying and associated services: guidance – gov.scot (www.gov.scot) Recruitment Ads and Pins The renewal process for Recruitment Ads and Pins is underway with tender submissions being evaluated. Work on the re-let has commenced and currently it is out to Tender.

article thumbnail

Impact of PPN 02/24 on AI Use in Public Procurement

Tracker Intelligence

Artificial Intelligence (AI) systems have become a crucial part of the digital economy driving change, and providing new opportunities supported by technological innovation. Across the board, artificial intelligence plays an important role in helping businesses automate certain aspects of their procurement strategy.

article thumbnail

Advancements in Transparency and Integrity through Blockchain in Public Procurements

Public Contracting Institute

The technology’s inherent characteristics support a more transparent and efficient procurement process, laying the groundwork for significant reforms in public sector procurement strategies. Such transparency is crucial for detecting and preventing fraud, thereby enhancing the integrity of public procurements.