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The Group’s prime objective is to procure all goods and services through the use of appropriate contracts, web, personal or otherwise, in consonance with terms and conditions to protect both buyer and seller. Procurement is conducted on an open and competitive environment without bias or favoritism conforming to principles of corporate governance to obtain maximum value for vendors and us.
Our Canons of Procurement :-
- Always achieve full compliance morally, socially and legally
- Procurement Team responsible for corporate governance in purchases
- Policy is fair and just
- No favoritism, canvassing, pressure tactics, etc allowed
Vendor Expectations :-
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Always support and adhere to procurement decisions (i.e. do not try to tamper with established Procurement Programs)
- Always ensure compliance legally, morally and socially
- Provide superior customer service to the Group
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Comply with all applicable laws, acts and enactments as at present and as will be amended from time to time
- Disclose to the Apex level any actual or potential conflicts of interest
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Do not tamper with information regarding proposals, agreements, or programs with out RSB’s prior written consent
- 'Any price escalation should be with 60 days advance and implemented' by mutual consent based on established formula logic
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