A procurement policy is usually an organizational process asset so it would apply to any type of procurement, not just that for services or products used on a construction project. Such policies will also differ greatly based on the nature of the company and its geographic location as well.
Luis BrancoCEO| Business Insight, Consultores de Gestão, LdªCarcavelos, Lisboa, Portugal
Dear Ashfaq
Your question is interesting.
I absolutely agree with Kiron.
I would just add the country's legislation to regulate acquisitions (for products and services produced in the country and/or in third countries) Saving Changes...
Senior Projects Manager | Field & Marten AssociatesNew Westminster, British Columbia, Canada
Ashfaq, in Construction, the procurement policy depends on many factors:
1) Type of Project 2) Project Importance 3) Type of Contract 4) Client Requirements
Based on the above factors, we do customize the procurement policy per project. However, you won’t find significant differences from one project to another as the basics will be the same. Usually the policy includes:
1) Guidelines for acquiring different services and material. 2) Bidder Selection criteria. 3) Bidding Process. 4) Procurement Roles and Responsibilities. 5) Contract terms and ethical standards. 6) Compliance Regulations
Community Champion
