Contracting and Procurement Regulations

Contracting and Procurement Regulations are rules and guidelines governing how businesses and government entities acquire goods and services. They ensure that the process is fair, transparent, and efficient, promoting competition among suppliers. These regulations cover everything from how to solicit bids, to evaluating offers, and awarding contracts, aiming to prevent fraud and misuse of funds. By following these regulations, organizations aim to achieve the best value for taxpayers or stakeholders while maintaining accountability and integrity in their purchasing decisions.