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This 53-part regulation defines the procurement process, including special preference programs, and includes the specific language of many clauses mandated for inclusion within Government contracts. [12] Most agencies also have supplemental regulatory coverage contained in what are known as FAR Supplements.
Later in 1971, the Loaned Executive Action Program (LEAP) convened by the late Wendell Anderson, Minnesota's 33rd governor, recommended consolidating the state's accounting and budgeting functions into a single agency under the governor's supervision in order to provide comprehensive budgetary control and financial reporting oversight of all ...
The National Association of State Procurement Officials (NASPO) reported increasing use of cooperative purchasing practices in its 2016 survey of state procurement. [2] NASPO has noted the increasing popularity of cooperative purchasing but also recognises that, like any practice, "it can be done well - or poorly".
After the Austrian State Printing House (Österreichische Staatsdruckerei GmbH) was privatised, Austria maintained a legal obligation for federal authorities to award contracts for security printing for documents such as passports and driving licences to the State Printing House without a competitive procurement process.
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Qualifications-Based Selection (QBS) is a procurement process established by the United States Congress as a part of the Brooks Act [1] and further developed as a process for public agencies to use for the selection of architectural and engineering services for public construction projects. It is a competitive contract procurement process ...
Strategic sourcing is the process of developing channels of supply at the lowest total cost, not just the lowest purchase price.It expands upon traditional organisational purchasing activities to embrace all activities within the procurement cycle, from specification to receipt, payment for goods and services [1] to sourcing production lines where the labor market would increase firms' ROI. [2]
Various abbreviations used for this type of contract are LSTK for lump sum turn key, EPIC for engineering, procurement, installation & commissioning and EPCC for engineering, procurement, construction and commissioning. Use of EPIC is common, e.g., by FIDIC and most Persian Gulf countries. Use of LSTK is common in the Kingdom of Saudi Arabia.