SINGLE SOURCING

Acquiring goods, services and construction works from only one source is referred to as: sole source procurement, single-source procurement, sole-source selection, direct procurement, among others. This is clearly a non-competitive procurement method, and it should be used only under exceptional Read More …

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OPEN TENDERING

Open tendering is the preferred competitive public procurement method used for acquiring goods, services and infrastructure works. It is executed in accordance with established procedures set out in the procurement guidelines and detailed in the standard bidding documents. Open tendering Read More …

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Principles of public procurement

The procurement principles encompass: Strict compliance to the legal and regulatory framework when effecting procurement; Achievement of economy and efficiency in the delivery of service; Promotion of value for money through effective competition and careful procurement planning; Balancing between the Read More …

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IMPORTANCE OF A PROCUREMENT CYCLE:

This interactive tool has been developed to guide members through the procurement process An optimized procurement process can lead to significant savings From a business perspective, the most obvious benefits of an effective procurement process are financial. Productively managing procurement Read More …

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PROCUREMENT CYCLE

Public Entities are responsible for carrying out all the procedures pertaining to the complete procurement cycle. It is important to be familiar with the complete procurement cycle and to ensure that there are effective management procedures in place to properly Read More …

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