PROCUREMENT POLICIES

PROCUREMENT POLICIES

  • General Financial Rules (GFR) 2017

    The General Financial Rules (GFR) are set of comprehensive rules encompassing various aspects of government procurement to ensure transparency, fairness, competition, economy, efficiency and accountability. These rules are issued by the Department of Expenditure, Ministry of Finance, Government of India and therefore are applicable pan-India for all centrally funded institutions. These rules are updated regularly to bring uniformity in the procurement process alongside conformity with changes in the institutional arrangements with respect to procurement. The Department further identifies these rules as general guidelines to be viewed by the implementing organization as broadly as possible, ensuring flexibility in its application. The GFR 2017 focuses on the principles of Transparency, Professionalism, Extended Legal Responsibility, Public Accountability, among others and takes into account the importance of procurement in committing itself to the five R's of procurement - Right Quality, Right Quantity, Right Price, Right Time and Place, and Right Source. The GFR have been developed to streamline the process of procurement from the beginning until the management of scrap generated if any… Read more
  • World Bank Procurement Guidelines

    Globally World Bank (WB) funds the largest number of projects through various agencies. The funds are used by the grantee agencies to achieve specific goals. In lieu of the goals to be achieved, the grantee agency procures goods and services. The sheer size of World Bank procurement outreach can be gauged by the fact that it undertakes over 13,000 projects in 173 countries. In order to ensure that the grantee agency utilizes funds in a manner that ensures value for money, transparency, fairness, and integrity, World Bank has developed guidelines which form part of the agreement between the Bank and the grantee agency. The guidelines developed by the WB have been recognized as global good practices. The Bank for this purpose has developed various inter-related documents which guide the procurement in Investment Project Financing. The Bank has made adequate arrangements for ensuring value for money, economy, efficiency, integrity, transparency, fairness, and that spending is fit for the money, which forms the core principles of WB Procurement…  Read More

    In addition to this principle document, the following supporting documents have also been developed by the Bank to ensure that the core principles developed by the WB for procurement are adhered to:

    Bank Policy – This Policy sets out a vision, the key principles, and policy requirements governing the procurement of goods, works, non-consulting services, and consulting services financed by the Bank (in whole or in part) through IPF operations, excluding procurement under Bank guarantees and under Bank-financed loans made by eligible financial intermediaries, for which the final recipient of loan funds is a private borrower... Read more

    Bank Procedure – This Procedure sets out the procedural instructions related to procurement in IPF and other operational procurement matters, such as Professional Accreditation and Standards Panel (PASP), procurement accreditation, Operations Procurement Review Committee (OPRC), and inter-institutional operational conflict of interest… Read more 

    Bank Directive – This Directive sets out the operational rules and general roles related to (a) the procurement of goods, works, non-consulting services, and consulting services financed by the Bank (in whole or in part) through IPF operations, excluding procurement under Bank guarantees and under Bank-financed loans made by eligible financial intermediaries, for which the final recipient of loan funds is a private borrower; (b) the Bank’s support to Borrowers in the area of building procurement capacity; and (c) other operational procurement matters… Read more 

    Environment Health & Safety (EHS) Guidelines – The Bank has issued EHS Guidelines to be followed by the grantee agency undertaking a project in a country. The Bank does not put strict caveats in this regard and provides for flexibility. However, to ensure that the health and safety are not compromised, the stricter regime from the set of guidelines issued by the Bank and National Regulation should be chosen… Read more
  • Asian Development Bank Procurement Guidelines 

    Asian Development Bank (ADB) is a regional bank which provides funds for development to countries in Asia and the Far East. The ADB has developed detailed guidelines for regulating procurement under its projects in various parts of the world. In order to deal with the menace of corruption, the ADB has formulated policies to invigorate governance, transparency, and fairness which are to be applied by the bidders, suppliers, or contractors while execution of contracts. The ADB Procurement Guidelines also enumerate various forms of procurement in order to ensure competitiveness in the process… Read more