Applying good procurement practice
Competition is the fundamental principle of good procurement practice. Open, transparent and fair procedures for awarding public sector contracts for procurement of goods/plants, works and services help to create dependable and stable market conditions for private enterprises. They also form the basis for establishing accountability and enhance the cost-effective use of public funds, a matter that is of concern for NEFCO, its owners as well as its countries of operation.
Open, transparent and fair procedures
Open, transparent and fair procedures in line with established international procurement practices are the basis of procurement in NEFCO-financed projects.
Currently there are two sets of rules governing procurement activities at NEFCO. The Procurement Policy and Procedures, adopted by the Board of Directors on 23 December 2020, is applicable to projects where financing agreements are signed after 1 January 2021. The Procurement Guidelines of 12 December 2013 continue to apply to projects where financing agreements have been signed on 31 December 2020 or earlier, unless otherwise agreed by NEFCO.
We have a set of Recommended Tender Documents that are used in NEFCO-financed projects. Download the documents at the bottom of the page.
Tender notices on other sites
Guidance on handling procurement complaints is available on Procurement complaints.
In accordance with our transparency policy, we publish a list of awarded contracts on a periodical basis.
Order our Procurement newsletter