Public Procurement Due Diligence Tool
Date: 2008-11-07
Global
The Global Advice Network has launched a new Due Diligence Tool on Public Procurement. Small and medium-sized enterprises are prone to encountering corruption public procurement. Many companies either put themselves at risks of extortion, blacklisting, and legal prosecution by getting involved in corruption, or they incur losses and/or not submit bids on otherwise lucrative tenders.
To support companies in assessing risks of corruption when considering public tenders, the Business Anti-Corruption Portal has now included a new due diligence tool on public procurement on their website. The tool shall be used to identify the 'red flags' in different stages of the public tendering process, thereby reducing the risks of being subject to corruption. The tool consists of guidance documents and an interactive tool, where a risk profile is produced based on the 'red flags' encountered in the tendering process. The tool furthermore refers to other sections of the Business Anti-Corruption Portal and to the related due diligence tools.
For more information and access to the tool, please visit the dedicated website