The future of risk mitigation in procurement: contractor prequalification

This paper discusses risk mitigation in procurement and how this could evolve over the next decade because of advances in Artificial Intelligence (AI) applications. The paper includes a literature review that covers contractors’ prequalification as a common measure for risk mitigation, a brief nontechnical introduction to AI, and the previous research related to the application of AI in contractors’ prequalification.
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The future of risk mitigation in procurement: contractor prequalification