Procurement is the overall process of acquiring goods, civil works and services which includes all functions from the identification of needs, selection and solicitation of sources, preparation and award of contract, and all phases of contract administration through the end of a services’ contract or the useful life of an asset.
UN abides by the following principles:
Best Value for Money means selection of the offer, which presents the optimum combination of life-cycle costs and benefits, which meet the end-users’ needs. Best Value for Money is the result of several factors, including quality, experience, the vendor’s reputation, and parameters that measure how well the good or service allows the organization to meet its social, environmental or other strategic objectives.
Fairness, Integrity and Transparency, which ensures that competitive processes are fair, open, and rules-based. All potential vendors should be treated equally, and the process should feature clear evaluation criteria, unambiguous solicitation instructions, realistic requirements, and rules and procedures that are easy to understand.
Effective International Competition, understood as giving all potential vendors timely and adequate information on UN requirements, as well as equal opportunity to participate in procurement actions, and restricting them only when it is absolutely necessary to achieve UN development goals.
In the best interest of UN, which means that any business transactions must conform to the mandate and principles of the United Nations.
UN Procurement is based on competitive bidding.