Explain the basic principles of procurement.

1.1 Explain the basic principles of procurement
(including: general principles such as the five
rights (quality, quantity, time place, price)
and the need for probity, ethics and
transparency; and company-specific
requirements such as policies relating to
ethics, sustainability, business critical
supplies, competitive advantage and impact
on bottom line)
1.2 Review the processes and stages of the
procurement of goods and services
(including specification, sourcing, tender
evaluation, adjudication, negotiation, terms
and conditions, monitoring, review and exit)
1.3 Review compliance with relevant legislation
(including EU procurement process, OJEU,
open competition, Office of Government
Commerce (OGC), collusion, bribery, fraud,
environmental standards, employment
(Working Time Directive, Right to Work,
Discrimination), Sale of Goods Act 1979,
Supply of Goods and Services Act 1982,
Unfair Contract Terms Act 1979)
1.4 Review the effectiveness of tendering and
bid processes (including processes such as
spend analysis, supplier/market analysis,
expressions of interest, pre-qualification,
approved tenderer lists, time-scales,
adjudication criteria, invitation of tenders,
answering of questions, supplier open days,
e-auctions, return and opening of tenders,
adjudication processes, short listing,
presentations and negotiations)

2.1 Analyse and compare the different types of
contracts. (see below)
2.2 Select the most appropriate procurement
option that suits the contract type (see
below)
2.3 Select the most appropriate contract type
that suits the procurement of a particular
good or service (see below)
2.4 Review contract management procedures
and identify improvements (see below)
2.5 Evaluate start up and close down processes
and procedures of contract (see below)