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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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UN’s first ever resolution on public procurement: what makes it strong and what’s still missing

Open Contracting Partnership

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 ”.

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The four key drivers that can enable better IT procurement

Open Contracting Partnership

More often than not, public procurement of technology is viewed as non-transparent, uncompetitive, poorly planned, inefficient, costly, and having high failure rates. There is research to show that every additional tenderer leads to a price reduction. Purchased systems need to replace or work within existing systems.

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Why Malaysia needs a new public procurement law

Open Contracting Partnership

Instances of favoritism, corruption, and misallocation of resources have raised alarming questions about the integrity of the procurement process. But at the heart of this transformation lies the principle of transparency. However, the real challenge lies in translating these principles into effective practices.

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Understanding Minor Deviations in Public Procurement

The Procurement ClassRoom

Generally, minor deviation is a variance from a defined standard such that the integrity of the standard is not compromised, and the variance is also hardly noticeable (The Law Insider). Minor deviations are a subtle area that requires clear guidelines to ensure fairness and transparency.

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Smarter collaboration: How Mexico City delivers major projects through inclusive planning

Open Contracting Partnership

Mexico City has devised an efficient, participatory, and transparent approach to seek input from potential suppliers and the public on draft contracting documents before a formal call to tender is announced. There are several benefits to this transparent discussion. It all starts with procurement. What’s next?

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Seven Steps To More Transparent Sourcing

Procureware

Most procurement software projects are focused on efficiency; however, transparency needs to have equal attention. Trust is the cornerstone of procurement and transparency builds trust. An integrated notification system is key and should send an email when a bid opportunity is available and when addenda are posted.