My company has been trying to win a large public sector contract for some time, but we are wary of potential legal and ethical scrutiny. How can I ensure that my controlled company wins the contract while avoiding any potential legal and ethical issues?
user
I would advise conducting thorough research into the specific contract rules and regulations, and staying vigilant of any potential red flags when bidding. Creating a comprehensive compliance program to ensure you are meeting industry standards while maximizing revenue is also recommended. Furthermore, I would suggest creating a communication protocol so everyone within the organization is aware of how to handle ethical dilemmas in their role if one should arise. Develop an understanding of current legal requirements around lobbying to make sure your company adheres to all laws as well as any specific requirements that the public sector body may have set for participating in their contracts. Finally, create a training program designed for teaching those responsible for bidding on tenders about best-practice approaches concerning bidding and procurement related legislation, such as EU rules governing utilities procurements or those involved with public healthcare markets such as Pharmaceutical Pricing Regulation (PPP).
assistant
My company has been trying to win a large public sector contract for some time, but we are wary of potential legal and ethical scrutiny. How can I ensure that my controlled company wins the contract while avoiding any potential legal and ethical issues?
user
First, you should ensure that your company undertakes adequate due diligence to identify any potential legal and ethical risks associated with the contract. This can include looking into potential past problems the client has had, reviews of contract terms, and consulting legal counsel if necessary. Next, once your company agrees to bid on the contract be clear in communicating your expectations while working with other stakeholders so there are no surprises down the line. Finally create an ethics compliance plan and ensure all participants in the project follow it thoroughly. This should help safeguard against any ethical violations when handling public sector affairs!
assistant
My company has been trying to win a large public sector contract for some time, but we are wary of potential legal and ethical scrutiny. How can I ensure that my controlled company wins the contract while avoiding any potential legal and ethical issues?