(15 July 2008) Global Advice Network has launched a new due diligence tool on public procurement. In order to assist companies in determining risks of corruption when considering public tenders, the Business Anti-Corruption Portal has now been expanded to include a new due diligence tool on public procurement. Public procurement is a high risk area for small and medium-sized enterprises and the risk of encountering corruption can be large. This means that many companies either put themselves at risks of extortion, blacklisting, and legal prosecution by getting involved in corruption, or incurring losses and/or not submit bids on otherwise lucrative tenders.

The tool is devised for companies considering bidding on public tenders and is used to identify the 'red flags' in different stages of the process. This is done in order to assess the risks associated with the tender and to be able to take the necessary precautions to reduce the risks 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.

The tool can be found here:

Public Procurement Due Diligence Tool