28 Apr 2022

377

Procurement Integrity Act Issues

Format: APA

Academic level: College

Paper type: Essay (Any Type)

Words: 339

Pages: 1

Downloads: 0

Procurement integrity act is a collection of certain prohibitions that are subject to a procurement officer. They forbid disclosure of information of the process used to award a contract, taking of gifts in return of a favor, searching for employment in a competitor’s firm while employed by another firm, participating in behind the scene activities for retired officers among others(Roberts, 2010). The above act, in relation to the acquisition process, is important since it protects sharing of information illegally in exchange for monetary gains.

What needs to be changed about the above act is the prohibition of an employed individual to seek employment from a competing firm. This is because the above limits personal improvement as well as might influence firms to take less responsibility for their employees knowing that it is a little bit difficult to smoothly transitioning from one employer to another.

It’s time to jumpstart your paper!

Delegate your assignment to our experts and they will do the rest.

Get custom essay

A few types of procurement fraud include:

Bribes, as well as kickbacks- Bribes, are given so as to obtain a favor unfairly while kickbacks are a type of bribe given after an individual receives payment on completing a contract(Ware et al, .2011).

Co-mingling of contracts-This is a form of fraud where the contractor tries to make extra money by submitting extra or multiple billings for an activity that has only coasted him or her once(Abuya, 2016).

Conflict of interest- This happens when procurement officers receive gifts or engage in conversations that are prohibited with vendors, contractors or any other stakeholders.

Procurement fraud remedies

Suspension- Here the official caught engaging in malpractice is banned from acting on behalf of a company or even acting as an independent contractor.

Debarment of the official in question. The above involves withdrawing some privileges entitled to the person in question (Shaw, 1999).

If fraud is realized before the contractor is paid, payment can be withheld.

Although the above remedies could alleviate levels of fraud, a change should be constituted by adding up means to detecting malpractice before it occurs. Screening of all processes before they are approved is, for example, a great cautionary aspect to include.

References

Abuya, I. O. (2016). Project Fraud: Conceptualization, Determinants and Schemes.

Roberts, R. N. (2010). Mandatory contractor codes of ethics and defense procurement integrity. Journal of Public Procurement , 10 (2), 247-274.

Shaw, S. A. (1999). Suspension and Debarment: The First Line of Defense against Contractor Fraud and Abuse. Reporter , 26 , 4.

Ware, G. T., Moss, S., Campos, J. E., & Noone, G. P. (2011). Corruption in procurement. Handbook of Global Research and Practice in Corruption , 65-107.

Illustration
Cite this page

Select style:

Reference

StudyBounty. (2023, September 14). Procurement Integrity Act Issues.
https://studybounty.com/procurement-integrity-act-issues-essay

illustration

Related essays

We post free essay examples for college on a regular basis. Stay in the know!

How AI Can Help Retailers Solve Business Problems

The global marketplace is currently more integrated than ever before. This situation presents a never-before experienced opportunity for retailers. Multinational organizations whose sole basis is the internet have...

Words: 2700

Pages: 5

Views: 138

The Natural Organizational Model and the Informal Groups

The nature of an organization is based on different factors such as the environment it is set up in. also, the type of activity it undertakes. This paper will examine the natural organizational model, the informal...

Words: 3009

Pages: 10

Views: 239

Why Pinkberry should focus on making orange and yellow the two prevailing colours

The fact that Pinkberry has evolved from a storefront to a nationally recognized brand makes this franchise of frozen dessert yogurt shops an example to be followed. Yes, the personality of a brand created a platform...

Words: 582

Pages: 2

Views: 93

Ford Motors: Board Presentation For Electric and Hybrid cars Production

Executive Summary The motor vehicle industry in America and worldwide is highly competitive with major players no longer enjoying the dominance that they had had before. Innovation and identification of trends...

Words: 1088

Pages: 4

Views: 130

Home Remodel Project Plan

Project Overview Home remodeling is one of the notable key projects undertake through project management, as a project manager is expected to come up with a clear plan that would help in meeting the expected...

Words: 2152

Pages: 8

Views: 69

How Airbnb Achieved Success

Hospitality industry includes firms that provide lodging and dining services for customers. Many of the businesses in the travel and hospitality industry offer customers with prepared meals, accommodation, snacks,...

Words: 906

Pages: 3

Views: 63

illustration

Running out of time?

Entrust your assignment to proficient writers and receive TOP-quality paper before the deadline is over.

Illustration