Procurement Principles

Accountability is not simply a principle—it’s a core pillar of effective public procurement. It ensures decisions—from planning to contract award—are […]

The basic idea behind this principle is that competition leads to reasonable price, quality and is good for the economy;

There are different interpretations of fairness in public procurement, so rather than define it as treating bidders equally, I’d rather

The principle of openness should prevail in public procurement. This means that, given the use of public funds, public procurement

Known by other terms such as: efficiency, value for money, commercially reasonable price, etc., this principle places emphasis on the

In public procurement, the principle of integrity is two-fold. There is the integrity of the procurement process, and also the

Transparency in public procurement means that information on the public procurement process must be available to everyone: contractors, suppliers, service

Public procurement principles set the framework for managing public procurement requirements, and also within which procurement practitioners must work. So,