The Government of the Northwest Territories (GNWT) has a negotiated contracts policy that governs how the government procures goods and services. The policy is aimed at ensuring that the procurement process is fair, transparent and competitive.
The GNWT negotiated contracts policy outlines the steps that must be followed when awarding a contract to a contractor. The policy requires that all contracts be awarded through a competitive process, which means that all potential contractors must be given an equal opportunity to bid on the contract.
The policy also stipulates that contracts must be awarded to the contractor who offers the best value for money. This means that the contractor must be able to provide the goods or services at a high quality and at a reasonable cost.
The negotiated contracts policy also places a strong emphasis on accountability and transparency. The policy requires that all contracts be properly documented and that all contracting activities be subject to review and oversight.
One of the key benefits of the GNWT negotiated contracts policy is that it helps to promote local economic development. The policy encourages the awarding of contracts to local businesses, which helps to support the local economy and create jobs.
The negotiated contracts policy also helps to ensure that the GNWT gets the best possible value for its money. By awarding contracts through a competitive process, the policy helps to drive down costs and prevent overcharging.
In conclusion, the GNWT negotiated contracts policy is an important tool for ensuring that the procurement process is fair, transparent and competitive. The policy helps to ensure that contracts are awarded to the contractor who offers the best value for money and promotes local economic development. It is an important policy for anyone involved in government procurement in the Northwest Territories.