Why procurement professionals need an umbrella body
It is estimated that about 60 per cent of the government budget is spent through public procurement. The government’s initiatives in economic development and poverty reduction also rely on public procurement to ensure that tax-payers’ money is properly allocated and utilised. This is achieved through the procuring and contracting the best qualified contractors at the least cost (value for money) and ensuring contracts are properly managed and executed.
Procurement professionals at the PwC-sponsored forum held a fortnight ago. Sector professionals are seeking to form an umbrella body. The New Times / Courtesy