TARGETED PROCUREMENT definition
TARGETED PROCUREMENT means incorporating the participation of targeted enterprises into a contract, the setting of participation targets for the contract, the measurement of key participation indicators to be used in the evaluation of tenders and the audit of compliance with the tendered participation target during the execution of the contract, all in accordance with the provisions of the client’s targeted procurement documentation
TARGETED PROCUREMENT means a policy or programme of an Entity that targets a percentage of procurement exclusively for certain categories of enterprises.
TARGETED PROCUREMENT means the process used to create a demand for services or goods of, or to secure the participation of, targeted enterprises in contracts in response to the objectives of a secondary procurement policy (procurement policy that promotes objectives additional to those associated with the immediate objective of the procurement itself).
More Definitions of TARGETED PROCUREMENT
TARGETED PROCUREMENT means incorporating into the contract documenta- tion an affirmative participation target as set by the client for the targeting of affirmable business enterprises or enterprises with women equity ownership at prime contract level, the measurement of key participation indicators to be used in the evaluation of tenders and the audit of compliance by both the contractor and/or the professional consultants during the execution of the contract, all in accordance with the provisions of the Resource Specifications for the implementation of targeted procurement as published by the Department of Public Works in terms of their affirmative procurement policy or with similar provisions as may be called for by the client