The National Bank of Ukraine has approved its procurement policy in its Board Resolution No. 881, dated 11 December 2015.
“All central banks carry out procurement in accordance with the procurement policies that govern this process. This resolution is completely in keeping with the NBU’s desire to adopt the values of European central banks,” said Head of the NBU Procurement Division Yulia Myronenko. “Our primary goal was to ensure that our procurement processes are effective, transparent, centralized, and monitored, and we have achieved that in our policy. This policy is based on our plans to reform the central bank, and to restructure our procurement processes. This harmonized document will make it possible to bring operational expenses to a justifiable level, and to ensure there is transparency in the use of money in electronic tenders. This policy is also expected to bring the quality-price-risk ratio to an optimal level when purchasing goods and services.”
The policy identifies and describes all of the key procurement process stages, such as initiating procurement, justifying its need and expediency, making plans for procurement, carrying out an electronic tender, choosing the supplier, monitoring the procurement process, and assessing how the agreements are fulfilled.
The procurement policy provides for a clear-cut and understandable methodology; automated, standardized and centralized processes; the judicious use of natural resources and environmentally friendly procurement (green procurement); and regular disclosure of procurement information to the general public.
The NBU has also specified conditions and measures that are prohibited for both the central bank and suppliers of goods and services. These include, among other things, the central bank’s related parties participating in a tender, participants providing incorrect information, setting up discriminatory conditions for participants, goods or services, and non-transparent processes in the selection of the tender’s winner.
The NBU will bring all of its procurement regulations into line with its newly adopted procurement policy.