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

Tracker Intelligence

If public sector bodies and organisations follow clear procurement regulations, they can help uphold high standards of accountability, while still achieving the best results for the general public. Value for Money (VfM) in Public Procurement What Does Value for Money Mean in Public Procurement?

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Seven Steps To More Transparent Sourcing

Procureware

Below is an example of public solicitations from the City of Vancouver, Washington. Detailed description of public bid opportunity Step 2: Provide Online Vendor Registration Publishing bid or tender solicitations is a great first step to improve transparency; today, however, vendors expect more.

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Roundtable roundup: Best practices for crown corporation procurement

Bonfire

If the amount is over the threshold, sourcing is led by the procurement team, whether through a public bid, NOI, or limited tendering option. We also discussed the strategy of reverse auctions in which suppliers compete to offer the lowest price possible. The end goal is to drive purchase prices down for the buyer.