- 4 Marks
Question
Discuss FOUR benefits that an MDA will derive if it follows the due process in public procurement.
(4 marks)
Answer
Benefits of Due Process in Public Procurement
i) The entity will safeguard its public funds and assets
ii) It will improve its system of fiscal management through more efficient and effective use of public monies.
iii) It will enhance transparency and accountability in its management and
procurement processes.
iv) It will be able to build public confidence in its financial activities.
v) It will practice efficient use of resources through competitive bidding and value for money.
vi) It will improve its financial planning system.
(4 points for 4 marks)
- Tags: Accountability, Due Process, Fiscal Management, Public Procurement, Transparency
- Level: Level 2
- Topic: Public Procurement
- Series: NOV 2016
- Uploader: Cheoli