Remove Competitive Bidding Remove Import Remove Transparency
article thumbnail

The Importance of Ethical Procurement Practices in Public Sectors

The Procurement School

Author: Helen Doucette “Accept the bid from ABC Company” said the VP of Finance to the Director of Procurement. “I According to the Competitive Bidding Law of Canada, we can only accept compliant bids. This collaborative effort ensures that the procurement landscape remains fair, competitive, and cost-effective.

Ethics 98
article thumbnail

The four key drivers that can enable better IT procurement

Open Contracting Partnership

Bridging the digital divide: Implementing open procurement for effective digital transformation Digital transformation is arguably the most important administrative undertaking of governments around the world. Solution: Open contracting fosters competition among vendors, reducing costs through competitive bidding.

article thumbnail

Sole Source Procurement: A Guide to Single-Source Acquisitions

Select GCR

The sole source justification process is rigorous and requires approval from the organization’s procurement services, with steps including the completion and review of a justification form, internal review and approvals, and adherence to transparency and compliance regulations to manage risks effectively.

article thumbnail

When should procurement be outsourced?

The Procurement School

Their CFO is required to ensure value for money and compliance with competitive bid laws. Outsourcing practices: Outsourcing the procurement functions from running a competitive bid through to supplier selection, can complement the need for internal responsibility. Outsourcing is a logical option.

article thumbnail

Understanding Standard Bidding Documents in Public Procurement

The Procurement ClassRoom

Sample Forms : They provide sample forms to help bidders prepare their bids and understand the type of contract involved. Importance of Accuracy and Clarity The accuracy and clarity of bidding documents are crucial. Contract Terms and Conditions : They communicate the terms and conditions of the contract to be entered into.

article thumbnail

Mastering SAM Government Contracting

Select GCR

Learn the ins and outs of maintaining compliance, crafting a competitive bid, and positioning your business for growth through federal opportunities, all through the lens of SAM’s pivotal role in government procurement. Failure to comply can result in penalties, including fines or suspension from federal contracting opportunities.

article thumbnail

Commemorating 10 years of Bonfire

Bonfire

I knew eProcurement would give vendors and public agencies the tools they needed — easy submissions, quick evaluations, instant award notifications, and transparent results — to build strong and lasting relationships. You can see why I immediately understood the value of Bonfire.