Accountability in public procurement should be understood to mean that anyone involved in the procurement process is responsible for their actions and decisions.

To maintain a fair and efficient procurement process, several fundamental principles of procurement guide the way. This article will explore these principles of procurement in simple …

In October 2010, the NIGP Board of Directors finalized and adopted our official Values and Guiding Principles. Since then, over 100 stakeholder organizations have adopted or supported …

Apr 30, 2025 · While the five core principles are central to procurement ethics and governance, several supporting principles make procurement more robust and effective. These include …

May 8, 2025 · The 7 Rights of Procurement: Fundamental Principles In the world of higher education, procurement is not just about buying goods and service – it is about stewardship of …

These principles are generally built around elements related to transparency, economy, efficiency and fairness, which governments and organizations have developed to provide clarity and …

The procurement processes should be carried out to achieve the most advantageous combination of cost, quality and sustainability over the life cycle of the project.

Public procurement acts or laws govern public procurement in most countries. Although regulations vary from country to country, public sector supply is based on the following globally …

To guarantee that organizations adhere to legal obligations and global best practices, procurement principles are frequently codified in laws, rules, policies and international standards.

May 16, 2024 · This comprehensive guide dives into the core principles of effective procurement principles and management, empowering you to optimize acquisition processes and gain …