6 Different Types of Procurement Fraud
Kickbacks and corrupt payments - A kickback is paid by the contractor after they’ve received payment for the project. A corrupt payment is promised to influence the recipient for a successful bid. It can be…
Kickbacks and corrupt payments - A kickback is paid by the contractor after they’ve received payment for the project. A corrupt payment is promised to influence the recipient for a successful bid. It can be…
Procurement fraud is likely one of the oldest frauds that companies must confront. In a typical procurement fraud scenario, the vendor is awarded the contract, typically well above market prices; the procurement manager receives cash,…