Procurement is the process of acquiring goods and services.
The procurement process begins with the identification of a need, through to processes of risk assessment, seeking and evaluating alternative solutions, and the awarding of a contract.
With procurement processes becoming increasingly complex, principals must carefully plan and manage the process to ensure the needs of the business and the project are met in the most effective and efficient manner. Otherwise, this can cause unnecessary delay, waste of resources, tender challenges and disputes between the parties.
As we approach the end of the year, we outline 10 key issues businesses need to be mindful of in 2020:
In our final Sydney procurement seminar on 11 December, we will deep dive into each of these key issues and prepare businesses for the complex procurement scene next year. Click here for more information.
Authors: Scott Alden, Victoria Gordon & Jeffery Shi
The information in this publication is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, we do not guarantee that the information in this newsletter is accurate at the date it is received or that it will continue to be accurate in the future.
Published by Scott Alden, Victoria Gordon, Jeffery Shi