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Key Principles of Public Procurement: Transparency, Value, and Fairness

Tracker Intelligence

Government expenditure through public procurement is essential since it ensures that there are contracts available to be bid in a fair, open, and competitive manner. Having a solid understanding of public procurement principles enables procurement professionals and suppliers to confidently navigate public sector procurement.

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Find a Tender Service – Secure High-Value Public Contracts in the UK

Tracker Intelligence

Making Compliance Easier in the Tendering Process Navigating the requirements for compliance among different contracting authorities in public tenders can be difficult. Tracker facilitates this area by offering features that allow for efficient document handling.

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Seven Steps To More Transparent Sourcing

Procureware

Step 1: Post Solicitations Online Public notification of bid opportunities is a cornerstone of public procurement in most developed countries. Solicitations can be published on websites using basic content management software while e-procurement platforms, such as ProcureWare, make the process much easier.

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The Bid Evaluation Process

The Procurement ClassRoom

For example, Section 30 of the Public Procurement and Concessions Act of the Republic of Liberia (PPCA-2010) states that evaluation of bid and recommendation for award is solely the function of the Bid Evaluation Panel. Evaluation Criteria Evaluation criteria are the standards against which bids are evaluated.