Procurement

Procurement

A multi-step process of established procedures to acquire goods and services by any individual, company or organisation — from the initial needs assessment to the contract’s award and service delivery.

Why it matters

G20 governments should adopt and urge all governments to promptly enact the standards for procurement and public financial management, consistent with Article 9 of the UNCAC and the OECD Principles on Enhancing Integrity in Public Procurement. All governments should implement internal procurement guidelines to ensure compliance with the law and maximum transparency in bidding processes for public contracts.

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