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..

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