|General Procurement Policies, Principles and Objectives|
A. Government Procurement Policies
The Malaysian Government Procurement Policies, in general, provide support for the full achievement of the objectives and aspirations of the National Development Policy and Vision 2020 i.e. towards a developed nation status. The principal policies are as follows:
a) To stimulate the growth of local industries through the maximum utilisation of local materials and resources;
b) To encourage and support the evolvement of Bumiputera (indigenous) entrepreneurs in line with the nation's aspirations to
create Bumiputera Commercial and Industrial Community;
c) To increase and enhance the capabilities of local institutions and industries via transfer of technology and expertise
d) To stimulate and promote service oriented local industries such as freight and insurance; and
e) To accelerate economic growth whereby Government procurement is used as a tool to achieve socio-economic
and development objectives.
B. Procurement Principles
In general Government procurement is essentially based on the following principles:
a) Public Accountability
Procurement should obviously reflect public accountability entrusted with the Government.
All procurement regulations, conditions, procedures and processes need to be clear and transparent to facilitate better
understanding among suppliers and contractors.;
c) Value For Money
Government procurement should yield the best returns for every Malaysian Ringgit spent in terms of quality, quantity,
timeliness, price and source.
d) Open And Fair Competition
Processes involving Government procurement should offer fair and equitable opportunities to all those participating or
competing in any procurement.
e) Fair Dealing
All acceptable bids will be processed fairly based on current rules, policies and procedures.
C. Procurement Objectives
Government procurement comprises the following objectives in general:
a) To ensure continuous supply of materials and services to meet the Government needs from the best and reliable sources;
b) To ensure efficient, effective and ethical procurement practices to enable the Government to achieve best value for money
without compromising on quality, delivery and other price and non-price factors;
c) To stimulate and encourage the growth and development of local industries through the optimal usage of local resources and
nation's needs; and
e) To promote alternative and multiple sourcing through supplier/vendor development according to the aspirations and vision of
|Last Updated on Wednesday, 17 December 2008 08:13|