IIA-Australia Factsheet - Tender Transparency

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Author	IIA-Australia
Date	2022
Topics Explored	Governance
Format	Factsheet
Extract/Description	Transparency and probity contribute to sound tender processes that give equal opportunity to all potential bidders, prevent corruption, and possess sufficient rigour and discipline to achieve value-for-money outcomes.
Key Points	Conflict of interest has become recognised as one of the most important components of good governance. Legislation has been passed that covers ethical behaviour, some of which cover conflict of interest. Courts have emphasised the need of interest may arise between parties. for fair dealing when a public body is involved in a tender process, and even held that a fiduciary duty to avoid a conflict
Relevant Industries	All
Level of Assumed Knowledge	Intermediate