Government Best Practices for Mitigating Contractor Risk
On a daily basis, the government acquisition function ensures that agencies have access to the goods and services needed to perform their missions. As some of the world’s largest purchasers, it’s no wonder why government acquisition functions have become a focal point of efforts to reduce fraud, waste, and abuse–efforts which begin with successful contractor risk management.
In this white paper, Dun & Bradstreet reviews the key challenges facing government acquisition and procurement functions and presents a simple yet powerful roadmap that enables agencies to reduce risk and increase oversight of contractors.
In this white paper, you’ll learn about:
- A review of the oversight, transparency, and risk management challenges that face today's government acquisition agencies
- Five key best practices for mitigating contractor risk:
- Establish a standardized decision framework for mitigating contractor risk
- Validate potential contractors with rigorous due diligence during the pre-award phase
- Monitor contractor risk during the post-award phase
- Adopt a portfolio view that assesses and manages the collective risk of contractors across the entire organization
- Use automated reporting tools to strengthen management, transparency, and oversight