article thumbnail

Saving the planet through procurement: Governments are identifying ways to use purchasing to achieve and support sustainability goals

American City & Country

Public procurement is key to this endeavor because public institutions and state enterprises must procure vast amounts of goods, services, and works to do their jobs. Scheduled maintenance checks, including air filter changes, tire maintenance, and engine tune-ups, ensure vehicles operate efficiently and produce fewer pollutants.

article thumbnail

What’s the Difference Between Direct vs Indirect Procurement?

ivalua

Capturing Value occurs when a contract has been established that governs the responsibilities and obligations of both supplier and buyer, and well as when the organization has the right Procure-to-Pay processes in place to ensure compliance to those agreements, goods, services and prices. .

article thumbnail

An In-Depth Examination of Inflation Relief for a Government Contractor

Procurement Notes

193] Yet, with inflation in the background, that pricing arguably does not reflect the reasonable value of the construction/goods/services when those things were actually provided. Circuit has stated, “[t]he normal risk of a fixed price contract is that the market price will change.” [115] For example, in the old U.S.