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Procurement Act - Key Facts and Figures

VWV

Consilidation The Procurement Act 2023 will be a consolidation of: Public Contracts Regulations 2015 Concession Contracts Regulations 2016 Utilities Contracts Regulations 2016 Defence and Security Public Contracts Regulations 2011 but will need to be read alongside the The Procurement Regulations 2024 and the National Procurement Policy Statement 1.

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Three ways World Bank procurement can drive collaboration for the SDGs

Open Contracting Partnership

Engage with the market and make contract opportunities attractive to more suppliers Alongside investment in domestic country systems, the World Bank can strengthen its own procurement, through the stronger use of strategic procurement plans for each project.

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How Kazakhstan is combating non-competitive procurement

Open Contracting Partnership

New suppliers are entering the market and bidding more actively too. The number of suppliers per buyer increased from 8.0 Taking advantage of gaps in patent legislation, unscrupulous suppliers registered patents for their goods (light bulbs, furniture, IT products, etc.). on average in 2021 to 10.23 in 2021 to 4.2

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3 Powerful Ways Procurement will Drive the 2030 Saudi Vision Transformation

ivalua

Launched by the Saudi government in 2016, the Saudi Vision 2030 Program is a sweeping reform initiative with the aim of diversifying the country’s economy and reducing its reliance on oil production. However, implementing category strategies for successful sourcing and supplier management can be challenging without the right tools.

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Fear and loathing in Defense IT: Time to enforce FAR conflict of interest rules and revolving door abuses

Federal News Network

The JRSS is another example that IT-AAC challenged when the Defense Department awarded a sole source contract to Booz Allen Hamilton (BAH) in 2016. The IT Acquisition Advisory Council (IT-AAC) documented these abuses with the $10 billion JEDI cloud procurement and wrote Congress to expose the unfettered abuses. More recently BAH won a $1.65

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Manufacturers Must Seek Better Supply Chain Visibility

ivalua

For manufacturers, key functions such as sourcing and supplier management have become more challenging as the result of increasing supply chain complexity. Unfortunately for manufacturers, there are many areas in need of improved visibility such as customer demand, inventory, total cost, and supplier risk.

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Relief for Defense subcontractors drowning in a sea of contract clauses

Federal News Network

For smaller suppliers, selling to DoD still isn’t a walk in the park – but things are getting a little simpler. Prime contractor needs to be able to terminate subcontracts and supplier agreements for convenience as well. The convenience termination clause. That’s not a mandatory flow down. But it makes business sense.