Public Procurement Principles
Public procurement principles set the framework for managing public procurement requirements, and also within which procurement practitioners’ must work. So, as practitioners it is important not only to have a clear understanding of public procurement principles, but to interiorize them so that they serve as guiding principles in our decision-making process. By integrating these principles into our work ethics, the outcome of our decisions will always be in line with public procurement principles. Being governed by and working in line with public procurement principles is especially important.
Public procurement practitioners are public servants because we handle public funds. As such, we are bound by an ethical code of conduct and accountable for what we do or fail to do when managing those funds.
In subsequent posts, the following seven fundamental public procurement principles will be addressed:
Accountability is the last public procurement principle that we will address. Accountability in public procurement essentially means to be responsible for our actions and decisions, and having the ...
Known by other terms such as: efficiency, value for money, commercially reasonable price, etc., this principle places emphasis on the need to manage public funds responsibly such that prices paid f...
- Contract Administration
Contract administration is one of the most neglected areas in public contracting. The majority of the focus is placed on the procurement process, although this is usually a comparatively shorter pe...
The basic idea behind this principle is that competition leads to reasonable price, quality and is good for the economy; consequently, the public procurement process should not be manipulated to gi...
The principle of openness should prevail in public procurement. This means that, given the use of public funds, public procurement opportunities should be open to all qualified firms and individ...