Procurement is the process that creates, manages and fulfils contracts. Procurement activities start once the need for procurement is identified and end when the transaction is completed.
There are six principal activities associated with the procurement process:
1) Establish what is to be procured
2) Decide on procurement strategies in terms of contract, pricing and targeting strategy and procurement procedure
3) Solicit tender offers
4) Evaluate tender offers
5) Award contract
6) Administer contracts and confirm compliance with requirements.
Methods, procedures and operational policies are required to implement these principal activities.
BS ISO 10845-1 is part of a series of international standards entitled 'Construction procurement' which cover various areas of procurement within the construction industry. Each standard relates to a different aspect of procurement. This series provides a generic and standard set of processes, procedures and methods for a procurement system that is fair, equitable, transparent, competitive and cost-effective.
This series of standards is especially relevant for developing countries that lack experience and instruments in this field and may be used to improve international trade. BS ISO 10845-1 provides a framework around which public, private and international organizations may develop their procurement systems to achieve fair competition, to reduce the possibilities for abuse and to improve predictability in procurement outcomes.
BS ISO 10845-1:
a) Describes generic procurement processes around which an organization may develop its procurement system
b) Establishes basic requirements for the conduct of an organization’s employees, agents, board members and office bearers when engaging in procurement
c) Establishes the framework for the development of an organization’s procurement policy, including any secondary procurement policy
d) Establishes generic methods and procedures for procurement.
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