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Fraud in procurement of goods and services
Fraud in procurement of goods and services
Order ID 53563633773 Type Essay Writer Level Masters Style APA Sources/References 4 Perfect Number of Pages to Order 5-10 Pages Description/Paper Instructions
Fraud in procurement of goods and services
Fraud in the procurement of goods and services is a serious problem that can lead to significant financial losses for organizations and governments. It occurs when individuals or companies engage in dishonest or illegal activities to secure contracts or payments for goods and services that they have not actually provided or that do not meet the required standards.
One common form of procurement fraud is bid rigging, which is when companies collude to fix the outcome of a procurement process. This can include companies agreeing to submit inflated bids, or agreeing not to bid on a particular contract. Bid rigging can lead to organizations and governments paying more for goods and services than they should, and can also lead to the award of contracts to companies that do not offer the best value for money.
Another form of procurement fraud is bribery and corruption, which is when individuals or companies offer money or gifts to public officials in exchange for favorable treatment or the award of contracts. This can lead to the award of contracts to companies that do not offer the best value for money, or the passing of laws that benefit a small group at the expense of the general public.
Procurement fraud also includes false billing, which is when companies submit invoices for goods and services that they have not actually provided. This can include invoicing for goods and services that have not been delivered, or for goods and services that do not meet the required standards.
Procurement fraud can also include conflicts of interest, which is when public officials or employees use their positions to benefit themselves or their companies. This can include steering contracts to companies they have an interest in, or awarding contracts to companies they have a financial relationship with.
Procurement fraud is a serious problem because it undermines the integrity of government institutions and negatively impacts the well-being of citizens. It can also lead to significant financial losses for organizations and governments, and can undermine public trust in government institutions.
To combat procurement fraud, organizations and governments must implement strong legal frameworks and institutions that promote transparency, accountability and integrity. This includes measures such as freedom of information laws, independent oversight bodies, and robust anti-corruption laws.
In addition, organizations and governments must also foster a culture of integrity and ethical behavior among employees and contractors. This can be achieved through training, education and the implementation of codes of conduct.
Procurement processes must also be designed to minimize the risk of fraud. This can include implementing measures such as competitive bidding, effective procurement planning, and the implementation of strict controls on payments and invoicing.
Organizations and governments must also have a robust system of fraud detection and investigation in place. This can include the use of forensic accounting techniques, and the implementation of whistleblower protection laws.
It’s also important to note that organizations and governments should also have a strong system of consequence management in place to hold those who engage in procurement fraud accountable for their actions. This can include disciplinary action and criminal prosecution, as well as debarment from future procurement opportunities.
In summary, procurement fraud is a serious problem that can have significant negative consequences. To combat it, organizations and governments must implement strong legal frameworks and institutions, foster a culture of integrity and ethical behavior, design procurement processes to minimize fraud risk, and have a robust system of fraud detection and investigation in place.
Fraud in procurement of goods and services
RUBRIC
QUALITY OF RESPONSE NO RESPONSE POOR / UNSATISFACTORY SATISFACTORY GOOD EXCELLENT Content (worth a maximum of 50% of the total points) Zero points: Student failed to submit the final paper. 20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. 30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. 40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. 50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. Use of Sources (worth a maximum of 20% of the total points). Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. 5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. 10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. 15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. 20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. Grammar (worth maximum of 20% of total points) Zero points: Student failed to submit the final paper. 5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors 10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors 15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. 20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. Structure of the Paper (worth 10% of total points) Zero points: Student failed to submit the final paper. 3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. 5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper 7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. 10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper.
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