THE INTEGRITY PACT: A POWERFUL TOOL FOR CLEAN BIDDING AND PROJECT EXECUTION

OUTLINE

The Integrity Pact (IP) is a tool that helps governments, business and civil society intent on fighting corruption in the field of public contracting. It is an agreement between a government department and all bidders for a public sector contract. The IP sets out rights and obligations to the effect that neither side will pay, offer, demand or accept bribes or collude with competitors to accept the contract, or while carrying it out. In addition, bidders are required to disclose all commissions and similar expenses paid by them to anybody in connection with the contract if violations occur then sanctions will apply. These sanctions range from loss or denial of contract, forfeiture of the bid or performance bond and liability for damages, to blacklisting for future contracts on the side of the bidders, and criminal or disciplinary action against employees of the government.

TAKE AWAY

Value for money

WHO IS IT FOR?

Companies and government alike stand to benefit form IPs. Companies can refrain from bribing in the knowledge that their competitors are bound by the same rules, while government can reduce the high cost of corruption on procurement, privatization and licensing.

DURATION: 3 days REF: IP