Assignment Essay Example | Topics and Well Written Essays - 3000 words

Assignment - Essay Example Uses of Standard Tender Document 8 f. Pre Disclosure of Relevant Information 8 g. Public Bid Opening 9 h. Evaluation of Tender in Monitory Terms 10 i. Qualification of Bidders on the Basis of Pass/ Fail Requirement 10 j. Award to the Lowest Evaluated Bidder Meeting the Stated Criteria 11 k. Accessible to Applicable Laws and Regulation 12 l. Appeal Mechanism 13 m. Standstill Period 13 n. Debriefing 14 o. Publication of Award 14 Bibliography 15 1. Introduction Public Procurement refers to the process of purchasing of goods and services on behalf of the public authority, through government agencies. Public procurement involves government expenditure that is aimed at securing inputs and resources in order to achieve objectives, hence establish a significant impact on the crucial key holders and the society. Besides, government purchasing occurs through both domestic and international trade. In fact, about ten to fifteen percent of the GDP involves government expenditure on procurement; t herefore, public procurement makes a significant contribution to the global economy1. Transparency has been considered an essential standard that facilitates improvement of public procurement; in fact, it involves a procurement process that is open for public scrutiny. Furthermore, this facilities competition, thereby increasing the efficiency of the process and the threat posed by issues such as corruption are alleviated. Transparency enables people to monitor public bodies, thereby holding these organizations accountable for their undertakings. The main objective of transparent public procurement is to facilitate fairness, competition and economic value in the process; this objective is achieved through effective and efficient procurement process that is developed by the principals monitoring the process. Apparently, sufficient controls are incorporated in order to promote competition, thereby reducing the risk associated with corruption, fraud, mismanagement and wastage of public resources. In this case, transparency is considered to be an effective tools aimed at hampering corruption and ensuring that there is value for money2. In addition, transparency is employed in different ways along with different practices such as advances publication of procurement plans, procurement policies are published, tender notices are advertised, the criteria for evaluation is disclosed, there are payment of prices and contract awards are published. a. Transparency Needed to Foster Competition International liberalization is applied in fostering competition among public procurement markets. Besides, competition can also be facilitated through participation in WTO Agreement on Government Procurement (GPA)3. In this case, competition can be fostered in four different ways, which include provision of vehicles by GPA in order to facilitate progressive opening of parties to markets in order for the to engage in international competition. On the other hand, there are other provis ions that involve agreement focusing on offering information based on framework aimed that ensuring that the process is transparent4. Fostering competition involves signing agreements with GPA parties in order to facilitate establishment of domestic reviews and operations, where participants are allowed to challenge decisions that are deemed questionable. Therefore, decision made by national procurement authorities should be subjected to review by the competitors in order to avoid unfairness or discrimination. In addition, competition can