Mauritius welcomes investment and embraces business. Globally recognised as a safe, stable and easy environment to conduct business, Mauritius is a great place to invest, work, live and retire, with future ready infrastructure, global connectivity and world class talent.
The procurement process of the Economic Development Board (EDB) refers to the steps involved in acquiring goods and services that are necessary for the organization’s operations. Here is an overview of the procurement process of the EDB:
Identify the procurement needs: The EDB identifies its procurement needs based on its strategic plan and operational requirements. The procurement needs may include office supplies, equipment, and services such as training and consultancy.
Prepare procurement documents: The EDB prepares procurement documents such as requests for quotations (RFQ), requests for proposals (RFP), or invitations to bid (ITB), depending on the nature and value of the procurement.
Conduct procurement process: The EDB invites interested suppliers to submit their bids or proposals. The procurement process may involve pre-qualification of suppliers, evaluation of bids/proposals, negotiations, and award of contracts.
Contract management: Once a contract is awarded, the EDB monitors the performance of the supplier to ensure compliance with the terms and conditions of the contract. This may involve monitoring delivery schedules, quality of goods/services, and adherence to project milestones and timelines.
Record keeping: The EDB maintains records of all procurement activities, including procurement plans, RFQs/RFPs/ITBs, bid evaluation reports, contracts, and payment records.
It is important to note that the procurement process of the EDB is guided by the Public Procurement Act of Mauritius, which provides a framework for fair, transparent, and competitive procurement practices. The EDB follows the principles of fairness, transparency, and accountability in all its procurement activities, to ensure the efficient and effective use of public resources.