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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.

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Leveraging Data Analytics in Procurement: Unlocking Efficiency and Strategic Value

Tracker Intelligence

This page explores the transformative power of procurement analytics, covering its types, benefits, practical applications, and future trends. It focuses on how public sector entities can enhance compliance and transparency. What is Data Analytics in Procurement?

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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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Addressing Challenges In Public Procurement: Overcoming Barriers to Efficiency And Compliance

Tracker Intelligence

Imagine a competent procurement officer surrounded by a myriad of daunting problems, including legislative procurement compliance solutions, inefficiency, and even the risk of fraudulent activity. This article will focus on tackling challenges in the public procurement process and suggests practical solutions for these challenges.