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Effectiveness and Efficiency in Public Procurement: Key Pillars for Optimal Resource Management

The Procurement ClassRoom

Introduction In public procurement , effectiveness and efficiency are crucial for achieving optimal results using public resources judiciously. This discussion delves into the importance of these principles, examining both the goals to be achieved (effectiveness) and the optimal use of resources (efficiency).

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What is Fair and Reasonable Transparency? 

The CGP

Keeping with the title and theme of the Coalition’s Fall Training Conference, “ What is Fair and Reasonable,” this week’s blog addresses what is fair and reasonable transparency. Transparency is the key to effective communication between and among stakeholders in the procurement process. Transparency is in the government’s interests.

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New Proposed Rule on Pay Equity and Transparency in Federal Contracting

Inside Government Contracts

On January 30, 2024, the Federal Acquisition Regulatory Council (“FAR Council”) proposed a new “ Pay Equity and Transparency in Federal Contracting ” rule for government contractors. The proposed rule’s potential impact and implications for contractors — as well as opportunities to submit comments on the issue — are discussed below.

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Transparency in Global Public Procurement

Spend Network

Transparency is a cornerstone of accountable and responsible governance, particularly in public procurement. Ensuring procurement transparency is a matter of ethical governance and a catalyst for efficiency, fair competition, and economic growth.

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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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Trust, Transparency, and Transformation

Extract Systems

Experts emphasize the importance of laying the groundwork for transparent, explainable, and auditable AI systems, collectively referred to as TEA. Transparency, the first pillar of TEA, involves making AI usage and functionality clear and comprehensible.

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Transparency  in Public Procurement & How To Get it.

Spend Network

Ensuring transparency in government procurement is not only a matter of ethical governance but also a catalyst for efficiency, fair competition, and economic growth. What exactly does transparency do to ensure these things?