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:
1. Transparency
2. Integrity
3. Economy
4. Openness
5. Fairness
6. Competition
7. Accountability
3 thoughts on “Public Procurement Principles”
Sir,in the midst of continues budget short fall,what should Procuring Entities./practitioners do, in planning procurement activities for a particullar fiscal budget year?
The procurement practitioner should source products and services that bring value for money, achieve better operation and reduce risk at all cost by sourcing from the best qualified supplier and at the lowest reasonable price.
Agreed Michael. Thanks