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flag New South Wales will use AI to detect bid-rigging in public contracts, aiming to save up to 20% and ensure fair spending.

flag 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. flag The initiative, stemming from a national economic reform roundtable, will share procurement data to identify suspicious bidding patterns like inflated offers or coordinated withdrawals. flag 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. flag The ACCC warns bid-rigging is illegal and can lead to prosecution and contract bans. flag NSW Treasurer Daniel Mookhey and ACCC chair Gina Cass-Gottlieb stressed the effort’s goal to protect taxpayers and ensure fair, transparent government procurement.

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