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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. The writing was on the wall for the Director of Procurement. I cannot” replied the Director. “Why
When it comes to procurement, having a clear, strategic approach is key to delivering value to your organization. Whether you’re in education, government, nonprofit or the private sector, procurement can be a powerful tool for maximizing savings, streamlining operations, and ensuring compliance.
A big challenge in public sector procurement is being able to attract and retain competent staffing. A frequent conversation, within senior leadership circles – will we be better positioned if we outsource our procurement services? Their CFO is required to ensure value for money and compliance with competitivebid laws.
This article explores practical approaches to streamline public sector procurement processes and focuses on increasing participation from Small and Medium-sized Enterprises (SMEs). The intention is to encourage consideration of ways to simplify and open opportunities for SMEs to efficiently participate in more public procurements.
Learn the ins and outs of maintaining compliance, crafting a competitivebid, and positioning your business for growth through federal opportunities, all through the lens of SAM’s pivotal role in government procurement. Accurate entity registration is the cornerstone of a successful federal contracting strategy.
Navigating sole source procurement? When a single supplier is the only option for your procurement needs, understanding the nuances becomes essential. Defining Sole Source Procurement In the realm of procurement, variety is the spice of life. In such cases, the competitivebidding requirement is not applicable.
This means selecting the right procurement tool. If I have a procurement that will be seeking a solution from the vendors or suppliers, and I have multiple evaluation criteria, I will use a Request for Proposal (RFP). Team members should include procurement, finance, legal, and subject matter experts. The latter saves you money.
Overview The expectations on public sector procurement professionals to be up-to-speed on all of the possible issues related to risk, can be unrealistic. As an internal resource for the organization, procurement is to provide the expertise to multiple end users, on a wide variety of challenges. Thats the job.
Overview The expectations on public sector procurement professionals to be up-to-speed on all of the possible issues related to risk, can be unrealistic. As an internal resource for the organization, procurement is to provide the expertise to multiple end users, on a wide variety of challenges. Thats the job.
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