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

Inter-American Development Bank

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. Better contracts and processes, for example, could reduce the risk of delays, quality problems or unexpected costs.

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Don’t Leave Money on the Table from Your Pandemic-Era Healthcare Procurement Contract

Government Contracts & Investigations

You contracted with the government to provide N95 face masks, but your supplier could only obtain KN95 face masks. The government accepted the substitution, but withheld partial payment based on the differing product quality. In each of these hypotheticals, the government may owe the contractor additional payments on their contracts.

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The UK's AI Opportunities Action Plan -- a procurement view

How to Crack a Nut

It would also seem that there is a broader reflection to be had on the interaction between R&D grants and procurement contracts, as procurement approaches to prototyping can create other difficulties (eg on liability to third parties, etc). Procurement contract terms should set standards (e.g.

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SBA Issues Interim Guidance on 8(a) Program Following Ultima Ruling

GovCon & Trade

Section 8(a) of the legislation allows the SBA to award contracts to small businesses “whenever [SBA] determines such action is necessary[.]” SBA is authorized “to arrange for the performance of such procurement contracts by negotiating or otherwise letting subcontracts to socially and economically disadvantaged small business concerns[.]”

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The Public Procurement Glossary

Tracker Intelligence

A contract notice makes sure everyone knows what’s up for grabs, who’s bidding, and how decisions are made. Value: Smart Spending, Not Just Cheap Deals It’s not just about the lowest priceit’s about quality, long-term savings, and corporate social responsibility. This keeps the process fair and accountable.

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The Corruption Cost Tracker: Quantifying the costs of corrupt contracting and the savings to be made from reform

Curbing Corruption in Government Contracting

Corruption in public procurement can lead to: 1) Overpriced public procurement contracts contributing to larger budget deficits. 2) Unfinished, sub-standard delivery or lower than contracted quantity leading to the need for further public expenditure or lost revenue.

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The Benefits of AI in Procurement

Oxford College of Procurement and Supply

Quality Improvements By reducing and automating manual tasks, AI helps to ensure consistent standards of quality by limiting the risk of error. AI is capable of improving quality throughout the entire supply chain, from procurement to supplier relations and more.