7. Principles of Procurement
1. Accountability
Effective mechanisms must be in place in order to enable Chief Officers and Chief Executive Officers to discharge their personal responsibility on issues of procurement risk and expenditure.
2. Competitive Supply
Public procurement must be carried out by competitive process unless specifically justified in accordance with this Law or Government policy.
3. Consistency
Procurement policy shall be similar and consistent across the public sector.
4. Effectiveness
Public sector entities should maximise the contribution to the commercial, regulatory and socio-economic goals of Government in a balanced manner appropriate to the procurement requirement.
5. Value for Money
The procurement processes should be carried out to achieve the most advantageous combination of cost, quality and sustainability over the life cycle of the project.
6. Fair-dealing
Suppliers should be treated fairly and without unfair discrimination, including protection of commercial confidentiality where required. public sector entities should not impose unnecessary burdens or constraints on suppliers or potential suppliers.
7. Integration
Procurement policy should pay due regard to its impact on the Cabinet's
other economic and social policies.
8. Integrity
There shall be no corruption or collusion with suppliers or other persons involved in a procurement project.
9. Informed decision-making
Public sector entities are required to base decisions on accurate information and are required to monitor obligations to ensure that they are being met.
10. Legality
Public sector entities shall conform to legal requirements.
11. Responsiveness
Public sector entities should endeavour to meet the aspirations, expectations and needs of the community served by the procurement.
12. Transparency
Public sector entities should ensure that there is openness and clarity in the conduct of the procurement policy including in the carrying out of all actions and decisions.
