Preview

Corrupt Practices in Procurement

Good Essays
Open Document
Open Document
909 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Corrupt Practices in Procurement
(d)
There are many measures that can be put in place to ensure that corrupt practices are reduced or absent in procurement proceedings: • First of all, information must be collected on the range of products and services available in the market that would suit the requirements of the firm as well as information on the potential suppliers of the products so as to be able to design the procurement process to achieve value for money and to be aware of the characteristics of the market from which purchase will be made and recent industry activities or trends that may affect competition for the tender. By so doing, the risks and malpractices that may arise during the procurement proceedings will be known. Thus, the tender process can be properly designed to maximise the potential participation of genuinely competing bidders and to effectively reduce communication among bidders. Moreover, the requirements for the procurement of the 100 computers must be clearly defined and the criteria for evaluation and award of the tender must be carefully chosen so as to avoid predictability. • Unnecessary restrictions that may reduce the numbers of qualified bidders must be avoided. Minimum requirements that are proportional to the size and content of the procurement must be clearly specified. • Requirements must also be clearly defined in the tender offer. Specifications must be independently checked before final issue to ensure they can be clearly understood and so as not to leave room for suppliers to define key terms after the tender is awarded. • Performance specifications must be used, stating what is actually required rather than just providing a product description. • Avoid going to tender while a contract is still in the early stages of specification. A comprehensive definition of the need is a key to good procurement. • Specifications must be defined so as to allow for substitute products or in terms of functional performance and requirements

You May Also Find These Documents Helpful

  • Satisfactory Essays

    leg 440 discussion week 2

    • 503 Words
    • 3 Pages

    FAR Part 6.101(b) requires contracting officers to provide for full and open competition using competitive procedures.…

    • 503 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Part 14 Sealed Bidding; Part 15 Contracting by Negotiation; Subpart 6.2—Full and Open Competition After Exclusion of Sources;Subpart 6.4—Sealed Bidding and Competitive Proposals…

    • 928 Words
    • 4 Pages
    Good Essays
  • Better Essays

    This paper includes a description of the procurement planning process. The most valuable output of the plan procurement process will be identified. Furthermore, the various contract types will be explained. A source criterion that would be applicable to any project will be described and three criteria that would apply to most projects will be identified. An analysis of the ethical concerns that should be considered when identifying source selection criteria is also included. Finally, the role of risk management in the procurement planning process is explained.…

    • 1319 Words
    • 4 Pages
    Better Essays
  • Good Essays

    1.1 As I work in Procurement there are a number of procedures and guidelines I need to follow to enable me to be the best of my ability of working skills in Procurement that I have a continuous job to do to get my work done throughout the day. There are procedures that need to be followed relating to various aspects of the job including correct procedures to answer the telephone, dealing with incoming and outgoing mail, data protection, booking meeting rooms as well as other procedures involving procurement.…

    • 1054 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Case 8 Rfq

    • 2161 Words
    • 9 Pages

    The subject materials have been selected for competitive bid, the RFQ has been issued, and responses from nine potential vendors have been collected. The variations in the bid responses are staggering, causing concern for the validity of the RFQ process. Should we decide to proceed with the lowest bidder, we would do so at our own risk, as the bidder may not have understood the requirements of fulfilling the contract. I propose that we re-evaluate the RFQ documents to ensure that the bidders have a consistent understanding of the Statement of Work. This is the best way to offer our company the value created by the competitive bid process.…

    • 2161 Words
    • 9 Pages
    Powerful Essays
  • Powerful Essays

    Assignment 1 OPM

    • 2388 Words
    • 14 Pages

    1. How do to establish the specification and how do to measures the specification have been meet?…

    • 2388 Words
    • 14 Pages
    Powerful Essays
  • Good Essays

    An Environmental Study

    • 2299 Words
    • 10 Pages

    This three-part project provides an overview of the processes and material that are used to develop a RFP as well as address relevant questions that could result from contract and procurement management. The points assigned to each part of the Course Project are listed below:…

    • 2299 Words
    • 10 Pages
    Good Essays
  • Good Essays

    certain criteria that must be met these factors include that the client must first go through one…

    • 852 Words
    • 4 Pages
    Good Essays
  • Better Essays

    References: Acquisition.gov. (1994, Ocotober). Guide to Best Practices for Contract Administration. Retrieved 2012, from Office of Federal Procurement Policy: https://www.acquisition.gov/bestpractices/bestpcont.html…

    • 1049 Words
    • 5 Pages
    Better Essays
  • Good Essays

    A Response should be well written and respond to each part of the solicitation. Following all directions within the solicitation exactly ensures that a bid makes it to the selection phase. While the lowest vendor is usually awarded the contract is important to know that all aspects of the solicitation need to help with the…

    • 993 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Foreign Corrupt Practices

    • 1602 Words
    • 7 Pages

    Jack G. Kaikati, G. M. (2000). The Price of International Business Morality: Twenty Years Under The…

    • 1602 Words
    • 7 Pages
    Powerful Essays
  • Best Essays

    Corruption, what is it and why does it seem to flourish in the world of business and in particular government contracting? Corruption as defined by Webster’s dictionary is a lack of integrity or honesty (especially susceptibility to bribery); use of a position of trust for dishonest gain (“corruption,” 2010). All over the world there are stories of corruption from money laundering, unfair awarding of contracts, bribery, and even espionage. Procurement and contracting seem to be one of the areas most prone to corruption, which inevitably has a bearing on how effective public spending can be. Additionally, corruption impairs government agencies as well as private companies because it increases production costs, eliminates true competitiveness, and in a nutshell is not good for business.…

    • 4590 Words
    • 19 Pages
    Best Essays
  • Powerful Essays

    Srs on E-Library

    • 4806 Words
    • 20 Pages

    Items that are intended to stay in as part of your document are in bold; explanatory comments are in italic text. Plain text is used where you might insert wording about your project.…

    • 4806 Words
    • 20 Pages
    Powerful Essays
  • Powerful Essays

    What Is 2.3 Need Analysis

    • 811 Words
    • 4 Pages

    In-order to meet the new system requirements, the following are various components specified for our proposed system…

    • 811 Words
    • 4 Pages
    Powerful Essays
  • Satisfactory Essays

    Production Management

    • 2612 Words
    • 11 Pages

    Since it is usually impossible to consider every fine detail associated with the production process…

    • 2612 Words
    • 11 Pages
    Satisfactory Essays

Related Topics