Procurement Principles and Rules - BSTDB

← Back to document page

Procurement Principles & Rules Page 1 of 28 Procurement Principles and Rules Procurement Principles and Rules for operations financed by the Black Sea Trade and Development Bank ( BSTDB ) 1 INTRODUCTION 3 2 Principles AND CONSIDERATIONS 4 APPLICABILITY IN CO-FINANCED OPERATIONS 4 ELIGIBILITY 4 CLIENT RESPONSIBILITIES 5 FRAUD AND

accountability and encourage the cost-effective use of public funds. 1.4 The efficiency of the procurement process directly affects the costs of and the time required for project execution, and the ultimate performance of the operation. Good procurement practices should lead to significant time and

  Practices, Effective, Procurement, Procurement practices