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