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PROJECT PROCUREMENT

CASE STUDY

Although the South African Reserve Bank (SARB) is not subject to generally applicable public procurement legislation, its policy provides for the application of best procurement practices, while taking into account the procurement principles entrenched in the Constitution of the Republic of South Africa Act 108 of 1996 (the Constitution) and legislation relating to preferential procurement. Section 217(1) of the Constitution states: When an organ of state in the national, provincial or local sphere of government, or any other institution identified in national legislation, contracts for goods or services, it must do so in accordance with a system which is fair, equitable, transparent, competitive and cost-effective.

The SARBs procurement processes also adhere to generally applicable laws such as the Promotion of Access to Information Act 2 of 2000, the Promotion of Administrative Justice Act 3 of 2000 and the Protection of Personal Information Act 4 of 2013. SARB uses various procurement mechanisms, such as informal quotes, requests for quotations, requests for proposals or requests for tenders etc.

QUESTION 1 (12 Marks)

1.2 Various considerations are made when selecting a supplier of goods and services. Describe at least 3 consideration SARB must make on selecting the best supplier for the services. The considerations must be directly linked to case/ purchasing services. (12 Marks)

Please answer CRITICALLY and in DETAIL for 12 Marks!

(Note: Please do not waste my last question, answer only if you know the answer or I will report your account to Chegg as abuse!!)

PLEASE DO NOT RUSH THROUGH THE ANSWER TAKE YOUR TIME!