Industry News

ISO standards offer tools for transparent procurement

A new series of ISO standards offers the international construction industry practical tools to ensure fair competition reduce the possibility of abuse and improve predictability in procurement outcomes. The ISO 10845 series of standards for construction procurement, which consists of eight parts, will help organizations establish a procurement system that is fair, equitable, transparent, competitive and cost-effective. These International Standards are designed to help public, private and international organizations and their main contractors to align their procurement systems with international best practice. Procurement is the process through which contracts are created, managed and fulfilled. It involves all the steps from the identification of the project or products to be procured, to soliciting and evaluating tender offers, to awarding and administering contracts and confirming compliance with requirements.

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