THE procurement services sector involves the sourcing for goods, services and works, meaning that the process brings many players together for it to succeed.
But the major objective of procurement activities is the timely acquisition or delivery of goods, services and works.
A procuring and disposing entity is composed of five players, according to the Public Procurement and Disposal of Assets Authority (PPDA) Act. ...read more
Thursday, June 30, 2011
Friday, June 10, 2011
Don’t just bid for any tender
THE need to maintain high ethical standards and procurement integrity is a must for any contracting officer.
This can, however, be tested in an environment where the expectations and business habits of contractors are affected by varying cultural, political and economic conditions.
Possibilities of fraud and professional misconduct could arise as a result.
Procurement fraud includes cost/labour mischarging, defective pricing, price fixing and bid rigging, and product substitution..
Read more...
This can, however, be tested in an environment where the expectations and business habits of contractors are affected by varying cultural, political and economic conditions.
Possibilities of fraud and professional misconduct could arise as a result.
Procurement fraud includes cost/labour mischarging, defective pricing, price fixing and bid rigging, and product substitution..
Read more...
Subscribe to:
Posts (Atom)