PROCUREMENT
"Procurement" is the process of acquiring goods, services, or works from an external source, often via a tendering or competitive bidding process. This process spans the whole life cycle from initial concept and definition of business needs through to the end of the useful life of an asset or end of a services contract.
Good procurement is important to meet business needs whilst ensuring projects are delivered within agreed cost, quality and schedule parameters and with a transparent audit trail.
In all its procurement activities the Falkland Islands Government (FIG) aims to uphold the core principles of openness; equality; non-discrimination; and transparency.
The Falkland Islands Government spends a significant part of its annual budget on externally purchased goods, services and works, ranging from stationery, furnishings, plant & vehicles, maintenance contracts; to more specialised service provision, for example, management consultancy; and finally to large capital projects such as roads and other important infrastructure.
The provision of these goods and services play a vital part in supporting FIG to meet its business objectives. It is important that we obtain best value for money from these purchases.
Our procurement should:
- Be based on genuine and fair competition
- Withstand scrutiny by internal and external auditors and examiners
- Encourage an innovative market response
- Deliver a solution that meets our requirement
- Protect FIG through suitable contracting approach and standard terms and conditions
All FIG tendering activity is governed by the FIG Financial Instructions and any tenders estimated to be over £50,000 in value are handled through the central procurement office in the Development and Commercial Services Directorate.
