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Competition in publicprocurement is not limited to financial competition; it is a key source of innovation and guarantees the fair allocation of public contracts. However, a recent National Audit Office (NAO) investigation has found that there are major obstacles to competition in this sector.
More often than not, publicprocurement of technology is viewed as non-transparent, uncompetitive, poorly planned, inefficient, costly, and having high failure rates. Solution: Open procurement encourages collaboration with external experts, leveraging public-private partnerships or industry consultations.
In many cases, our cooperative contracts qualify in most jurisdictions as competitivelybid and awarded, making them eligible for expedited (or simplified) acquisitions processes. OMNIA Partners , who sponsors this page, offers a robust portfolio of cooperative contracts in the publicprocurement space.
But beyond the financial rewards, what does your business stand to gain from getting involved in publicprocurement with the government? And how can you stand apart from the competition to win government procurement contracts in the first place? It shows your business has excelled in the competitivebidding process.
Fast-forward 10 years and Bonfire’s eProcurement platform has streamlined the process for 451,506 global users (and counting), including buyers, vendors, and evaluators. In that time, we’ve never stopped evolving to respond to the changing landscape of publicprocurement. Collaborating to find a way.
The intention is to encourage consideration of ways to simplify and open opportunities for SMEs to efficiently participate in more publicprocurements. The suggestions apply to all segments of competitivebidding, including the SME segments of Supplier Diversity, Indigenous and Social Procurement.
Author: Helen Doucette “Accept the bid from ABC Company” said the VP of Finance to the Director of Procurement. “I According to the CompetitiveBidding Law of Canada, we can only accept compliant bids. For example, a Buyer was tasked with ordering scientific equipment and lab supplies for a university in Africa.
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