APEC Non-Binding Principles on Government Procurement
APEC Non-Binding Principles on Government Procurement: adopted in 1999. The set consists of six main principles. 1. Elements of transparency: sufficient and relevant information should be made available to all interested parties consistently and in a timely manner through a readily accessible medium at no more than reasonable cost. 2. Elements of value for money:government procurement practices and procurement should achieve the best available value for money. The basis for comparison of offers should be benefits and costs on a whole-of-life basis, not simply the lowest price. 3. Elements of open and effective competition: the government procurement regime should be open, and procurement methods should suit market circumstances and facilitate levels of competition commensurate with the benefits received. 4. Elements of fair dealing: the design of the with the benefits received. 4. Elements of fair dealing: the design of the procurement system and the conduct of buyers should ensure that procurement is conducted in a fair, reasonable and equitable manner and with integrity. 5. Elements of accountability and due process: procuring (buying) agencies and individual procuring personnel should be accountable to their governments, the end users, the public and suppliers for the efficient, cost-effective and fair conduct of their procurement. Mechanisms for scrutiny of the procurement process and avenues for review of complaints should be available. 6. Elements of non-discrimination: procurement laws, rules and regulations should not be applied to favour the suppliers of any particular economy.
Source: http://ctrc.sice.oas.org/trc/WTO/Documents/Dictionary%20of%20trade%20%20policy%20terms.pdf
Web site to visit: http://ctrc.sice.oas.org
Author of the text: W. Goode
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