Procurement Fraud - Riskpro can help
If you suspect procurement fraud, do contact Riskpro India and we can help to unearth the suspicious activity.
Following are some of the ways in which we can help:
1. Review of onboarding documentation for any unusual vendor onboarding formalities
2. Review of bidding documents.
3. Investigate why other qualified bidders were rejected.
4. Employee feedback on the vendor and his delivery.
5. Linkage of the vendors in publicly available databases.
6. Review of email communications with the vendors by asking the staff to share the email details.
7. Review of all purchase orders of the vendors and the advance payments made against those POs.
8. Evaluate uncontested price increases / high prices.
9. Excessive quantity supplied / purchased against benchmarks, other vendors
10. Whether work done, services were effectively evaluated for quality issues vis a vis other vendors.
11. Concentration of vendors
12. Other red flag reviews.
