Artificial Intelligence plays an increasing role in improving efficiency, transparency, and combating corruption in construction procurement. The global construction industry faces challenges like inefficiencies, delays, and corruption, and AI is being applied to address these issues, particularly in the procurement phase. AI can enhance planning, help detect corruption and bid rigging, and improve contractor decision-making. However, these technologies also pose risks, such as enabling collusion and reducing competition, especially for smaller firms lacking access to such tools. Responsible adoption and robust oversight are crucial for ensuring AI enhances fairness and transparency while avoiding new forms of manipulation or exclusion. The key is balancing innovation with integrity in procurement systems.
Artificial Intelligence plays an increasing role in improving efficiency, transparency, and combating corruption in construction procurement. The global construction industry faces challenges like inefficiencies, delays, and corruption, and AI is being applied to address these issues, particularly in the procurement phase. AI can enhance planning, help detect corruption and bid rigging, and improve contractor decision-making. However, these technologies also pose risks, such as enabling collusion and reducing competition, especially for smaller firms lacking access to such tools. Responsible adoption and robust oversight are crucial for ensuring AI enhances fairness and transparency while avoiding new forms of manipulation or exclusion. The key is balancing innovation with integrity in procurement systems.
FIXEDD began as a personal website with a focus on construction topics. As it evolves, FIXEDD aims to become a valuable resource for AEC professionals, providing current industry news, software updates, and expert advice. With a vision to grow and make an impact.
FIXEDD began as a personal website with a focus on construction topics. As it evolves, FIXEDD aims to become a valuable resource for AEC professionals, providing current industry news, software updates, and expert advice. With a vision to grow and make an impact.
