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Stream/Area:
-
Subject:
-
Paper ID:
10.55041/IJSREM24200
Volume:
7 |
6 |
Jun 2023
Pages:
Publication Frequency:
Monthly (12 issues per year)
License:International Journal of Scientific Research in Engineering and Management follows the Creative Commons Attribution 4.0 (CC BY 4.0) License, allowing free use and distribution with proper attribution.
The construction industry faces persistent ethical challenges in procurement, including issues like favoritism, bribery, and hidden agreements, which compromise fairness, inflate costs, and erode trust. This article emphasizes the crucial importance of transparency in subcontractor selection, a key issue that needs urgent attention. It also highlights modern tools and methodologies that can address these challenges. E-tendering platforms, blockchain, and AI-powered decision-making systems provide structured and impartial frameworks for evaluating bids, ensuring accountability and fairness. By leveraging these innovative practices and overcoming barriers like resistance to change and confidentiality concerns, the construction sector can move toward a more ethical and efficient procurement system. The article also envisions a future where emerging technologies, such as smart contracts and IoT integration, create an equitable and transparent procurement ecosystem.
KEYWORDS
Publication Date
6/28/2023
Peer Review Type
Double-Blind Peer Review
Review Rounds: 2
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Conflict of Interest
The authors declare no conflict of interest related to this research work.
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