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How Government Contracting (Government Procurement) Offers Opportunities for Innovation

Tracker Intelligence

But beyond the financial rewards, what does your business stand to gain from getting involved in public procurement with the government? And how can you stand apart from the competition to win government procurement contracts in the first place? The popularity of government procurement contracts has persisted ever since.

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Collaborative Frameworks update: June 2024

Scottish Government Procurement

Five suppliers have been appointed, three of which are Scottish Small and Medium-Sized Enterprises (SMEs). Framework Public Bodies are encouraged to complete the RFI and confirm their interest in participating in a User Intelligence Group (UIG) for the new procurement exercise. to £281.31 for both Education and Non-Education customers.

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The Benefits of AI in Procurement

Oxford College of Procurement and Supply

By utilising AI, companies can streamline the entire procurement and supply process while allowing procurement teams to focus on higher value-added tasks. Cost Savings Through spend and supplier panel analysis, AI can deliver cost savings of up to 40%.

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Smart Public Procurement for Better Public Spending in Latin America and the Caribbean

Inter-American Development Bank

This would result in large monetary and transactional savings for governments because, for example, approximately 25% of public contracts in the region require time extensions averaging nearly double their original terms, while around 13% experience budget increases of up to 50%. of GDP, according to FISLAC calculations.