CACFNd

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Contract Awarding Committee for National Development. C.A.C.F.N.D

What Is Good Public Procurement

01.

Efficiency

The best public procurement is simple and swift, producing positive results without protracted delays.

02.

Fairness

Good procurement is impartial, consistent, and therefore reliable. Its opportunities carries transparency along side with this.

03.

Transparency

Good procurement establishes and then maintains rules and procedures that are accessible and unambiguous.

04.

Leadership

Good procurement holds its practitioners responsible for enforcing and obeying the rules.

There are five basic concerns that govern procurement policies:

To ensure that goods and services needed are procured with due attention to economy and efficiency;

To ensure that public fund is used to buy only those goods and services needed for national development;

To give all qualified bidders an equal opportunity to compete for contracts;

To encourage development of local contractors and manufacturers; and

About Me

Why Is Sound Public Procurement So Important?

The Bureau of Public Procurement has established general policies and guidelines relating to public sector procurement, and for supervising procurement implementation as well as reviewing the procurement and award of contract procedures of every public entity to which the Public Procurement Act applies, including certifying all Federal wide procurement (subject to the Bureau’s prior review) prior to the award of contracts.

These opportunities arise in relation to the implementation of international development projects. Finance is provided to Borrowers (Bank clients),through Investment Project Financing (IPF). In Operations Procurement the Borrower is the Buyer, not the Bank. However, the Borrower is required to follow the Bank’s Operations Procurement rules when tendering, letting and implementing these contracts.