Free weekly newsletter
Get the free weekly contract digest
The new new contracts, who’s behind them, and what they mean — delivered to your inbox every week. No credit card, unsubscribe anytime.
Weekly Digest
New new contracts, summarized for you
Straight to Inbox
No login, no app to check — it comes to you
Contract Trends
See who's moving and how much in your market
No credit card required Weekly contract digest
Lack of Audits for Federal Contracts Awarded to Indigenous Businesses Revealed
Oct 24, 2024•over 1 year ago
Contract Type
contract
Description
The Procurement Strategy for Indigenous Business (PSIB) has come under scrutiny for not auditing most of the contracts it awarded last year. The program is designed to increase the number of federal contracts received by Indigenous-owned and operated businesses. Concerns were raised after it was discovered that Dalian Enterprises, which received $7.9 million through the program, was later removed from the Indigenous Business Directory (IBD), among other businesses.
Agreement Insights
Based on industry dataContract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months