What is public procurement regulation?

1. Public procurement is the regulation of principles, rules and procedures applied to States in order to implement efficient processes when acquiring goods, services or works, and comply with its’ policy objectives.

Which legislation governs public procurement?

On the national level the PFMA applies to specific institutions including: National and provincial state departments as defined in the Public Service Act 103 of 1994. Listed major public entities, national government business enterprises and other public entities.

What are the 7 core principles of public procurement?

Twelve agreed procurement principles:

  • Accountability.
  • Competitive supply.
  • Consistency.
  • Effectiveness.
  • Efficiency.
  • Fair-dealing.
  • Integration.
  • Integrity.

What do the public procurement regulations cover?

Public procurement law regulates the purchasing by public sector bodies and certain utility sector bodies of contracts for goods, works and services.

What are the five principles of procurement?

5 Procurement Principles UN Staff Members Should Know

  • Best value for money.
  • Fairness, integrity, and transparency.
  • Effective international competition.
  • The interest of the Contractor.
  • Client centricity.

What are EU procurement regulations?

Under EU public procurement rules, contracting authorities may take multiple aspects into account when purchasing works, goods or services. Examples include protecting the environment, supporting social considerations and fostering innovation.

What does section 217 of the Constitution mean?

Section 217 of the Constitution requires that when an organ of state contracts for goods and services, it must do so in accordance with principles of fairness, equitability, transparency, competitiveness and cost-effectiveness.

What is a procurement Act?

“prescribed” means prescribed by regulation; “procurement” means the acquisition of goods, works, consultancy services or non- consultancy services by any means, including purchase, rental, lease or hire-purchase; “procurement committee” means the procurement committee of a public entity.

What are the five governing principles on government procurement?

The five principles are:

  • Plan and manage for great results. Identify what you need, including what broader outcomes should be achieved, and then plan how to get it.
  • Be fair to all suppliers.
  • Get the right supplier.
  • Get the best deal for everyone.
  • Play by the rules.

What is procurement in public sector?

Public procurement refers to the purchase by governments and state-owned enterprises of goods, services and works. The public procurement process is the sequence of activities starting with the assessment of needs through awards to contract management and final payment.

What are the categories of public procurement?

In Public Procurement there are generally three procurement categories: goods, works and services. Goods are physical products purchased or manufactured on request . There is usually an element of service involved, such as when the agreement is for the purchase of goods to be assembled and/or installed.