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Principal And Framework For Government Procurement

Principal And Framework For Government Procurement

Procurement

Principal And Framework For Government Procurement -Procurement is the systematic approach which deals by the companies or organization whether it belongs to the government or private like, every private or government department have a separate procurement department which deals the good and service of the company or organization the procurement process use for buying all goods and services which is needed for a company to stay sustainable and it basically helps to obtain good quality and services and make a transparent or fair market and also save both time and money.

The main objective of the procurement system is to manage the cost quality and delivery system of the goods and services. Procurement of goods and services and technologies is an indispensable part of government operation for the smooth functioning of an economy. The steps and process of procurement system such as, firstly they need to identify the need of good and services and then finding the qualifying supplier and contractor, the next step is to requesting proposal and negotiating with the supplier and contractor and decide the fair and transparent prices and make a good contract between the buyers and supplier, therefore, this the way of whole procurement system which deal by the government or corporate.

Government procurement

Government procurement is an important element of the Indian economy not only for smooth operation of government agencies and departments but also as an important tool for promoting sustainable economic growth and social-economic development. They also enhances the employments and makes there fair competition in the market and provide the equal treatment of unemployed people or reduce the poverty element. They compromise of about 25 to 30 percent of its Gross domestic product GDP it can make a foster positive change in the economy its sharpen the involving competition regime in India and it enhances the producer and consumer welfare through more trade and competition and its ensure the  better access to essential facilities to the peoples.

It is not made day to day financial requirement but also work for economic development national defense, security, utilities, employment generation and social; services so on. The main function and objective of government procurement are to stimulate and promote local manufacturing and production capacities, set benchmark prices in essential goods and services, prevent artificial scarcities arising through hoarding and black-marketing.

The primary goal is to explore more efficient public procurement for India. And built on the principle of transparency and fair competition and prevent malpractices and anticompetitive behavior on the part of procuring entity or the bidders so as to assure the value of money.

Government Procurement: The Theoretical Basis

The core objectives of government procurement are:

Value for money

 retaining and enhancing integrity in procurement practices

infusing accountability into the system

affording equal opportunities to participate in the procurement process to all participants

providing fair treatment to suppliers

• allowing efficient implementation of horizontal policies in procurement.

Principal and framework for government procurement

The legal framework for procurement in India derived from the constitution of India. The procurement power comes under the General financial rule. This rule Developed by the ministry of finance established the principle for general financial management and procures for government procurement. In this principle, the Government has so much regulation like all government purchases must strictly follow. The principal outlined in the general financial rules and it provides the guideline for purchasing goods. India is a union of state each state including UT have their own rule regulation and guidelines on procurement . State government and Central government  have their own general financial rule which are bases on General financial rules and also some state have been introduced legislation for  procurement example: Tamil Nadu and Karnataka

Procurement Guidelines

 Principal And Framework For Government Procurement – There are some of the objectives of the various procurement policies under the framework of the general financial rule to ensure the responsibility accountability and efficiency or economy. It also ensures transparent fair and equitable treatment to the suppliers and the promotion of competition in public procurement. 

The relevant authority invites tenders for the purpose of procuring goods and services. Suppliers, including foreign companies, registered in the middle of the Director-General of Goods and Disposal (DGS & D) and willing to compete. Can submit tenders that are willing to supply the requested information. Indian officials who wish to make direct quotations on behalf of their foreign producers/principals are also required. To register with the relevant tender delivery authority.

The evaluation of the tenders received is one of the most important areas in the management of procurement. The whole process of evaluating and awarding the contract must be transparent. The Procurement Authority is required to prepare a statement comparing quotations received. In the manner in which tenders have been receive. All tenders must be evaluated only on the terms and conditions included in the tender invitation. No new conditions may be add to the tender evaluation phase; in this way, no consumer is likely to receive unfair profits.

If minor / unusual irregularities are found during the consideration of the proposals, the purchasing manager may postpone the same if it does not disturb other promoters. However, all such actions must be remove or approved by the appropriate authority. Upon completion of the audit, tenders are consolidate into a statement on the basis of an increase in prices. In order to obtain a clear picture of their position and the comparative financial impact.

The Contract

Before awarding a contract to the most underrated response tender. The purchasing agency must ensure that the amount to be paid is reasonable. This can determine by comparing the contract price with the final price. Paid for the item, the current market price, the price of the equipment, the acceptance of the competitive offer from different sources, and the quantity involved.

Prior to placing an order with a successful customer. The informant is notified in writing of the acceptance of his or her proposal. And when he or she required to provide operational security. The contractor may also complain about the complaint and be hear in connection. With any procedural irregularities or developments during the tender process.

Conclusion

Principal And Framework For Government Procurement – The conclusion of this article is to make a transparent fair market balance. Without any interference of corruption fraud and unfair trade. In government procurement, all rules and regulations governed by the general financial rule. In this procurement, the buyers and suppliers generate great income resources and help to prevent poverty and unemployment.

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