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Procurement as an organizational process is intended to ensure that the buyer receives goods, services, or works at the best possible price when aspects such as quality, quantity, time, and location are compared. [3]
"It is unlawful for a public official or employee to arrange for a contract to go to a certain person or entity without regard to the objective, fair decision-making process the Code directs."
Author: United States Department of Defense: Short title: DoD 5500.07-R Joint Ethics Regulation (including changes 1-7) Image title: Date and time of digitizing
The Principles of International Commercial Contracts 2016 (most frequently referred to as the UNIDROIT Principles and often also referred to as PICC) is a set of 211 rules for international contracts.
Sustainable procurement or green procurement is a process whereby organizations meet their needs for goods, services, works and utilities in a way that achieves value for money on a life-cycle basis while addressing equity principles for sustainable development, therefore benefiting societies and the environment across time and geographies. [1]
Responsible sourcing refers to compliance with ethical or responsible practices (e.g., no child or forced labor, and availability of decent working conditions). Sustainable sourcing goes beyond compliance to taking action to improve conditions of sustainability, engaging in areas such as livelihoods, climate-smart practices, and other social ...