Professional Diploma in Public Procurement : Module 2

Overview : With large number of buying organizations and procurement practitioners in the public sector, it often appears as a fragmented procurement landscape. The challenge is to provide a cohesive solution by developing Procurement Framework/ Law. This covers special legislation, guidelines, rules and procurement manuals to cover seven key principles of public procurement. Broadly the framework comprises of following three pillars. Theoretical, Professional & Academic Framework Legal Framework Central Government's Framework A Procurement Contract besides being a commercial transaction is also a Legal transaction. There are large number of laws that may affect various commercial aspects of Public Procurement Contracts. To mitigate procurement risks, a Public Procurement professional is expected to have a working knowledge of the following basic laws for procurement. Indian Contracts Act 1872 Sale of Goods Act, 1930 and Arbitration and Conciliation Act, 1996 Learning Objectives : 1. Public Procurement in India 2. Major Public Sector Procurement Organizations. 3. Key pillars of Procurement Framework & its elements 4. Contract formation? 5. Manage the breach of contract? 6. Overview of UNCITRAL