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New South Wales will use AI to detect bid-rigging in public contracts, aiming to save up to 20% and ensure fair spending.
New South Wales, in partnership with Australia’s ACCC, will use AI to analyze public contract data and detect bid-rigging, aiming to prevent collusion that inflates costs and reduces project quality.
The initiative, stemming from a national economic reform roundtable, will share procurement data to identify suspicious bidding patterns like inflated offers or coordinated withdrawals.
With NSW spending over $42 billion annually on contracts, officials believe AI screening—proven effective in countries like South Korea—could save up to 20% by improving competition.
The ACCC warns bid-rigging is illegal and can lead to prosecution and contract bans.
NSW Treasurer Daniel Mookhey and ACCC chair Gina Cass-Gottlieb stressed the effort’s goal to protect taxpayers and ensure fair, transparent government procurement.
Nueva Gales del Sur utilizará la IA para detectar la manipulación de ofertas en contratos públicos, con el objetivo de ahorrar hasta un 20% y garantizar un gasto justo.