What does the board consider in reviewing an acquisition plan or purchase recommendation for approval?
The State Procurement Board considers the documentation provided by public authorities to determine if the Board’s policies and guidelines have been addressed in the procurement planning phase. The Procurement Policy and Governance review team assesses submissions on behalf of the Board and provide a report for Board consideration, which includes an opinion on any significant residual risk in the procurement. A check is undertaken to ensure that the appropriate approvals, timelines, legislative requirements and processes in general will provide a transparent, fair and equitable process capable of meeting the procurement objectives. Each submission is reviewed based upon the risk/value quadrant that the agency has determined is applicable, taking into consideration the risks that have been identified both within the agency and by the review team. The review considers the identified strategy and whether the risks and opportunities are sufficiently addressed. With purchase recommendations
Related Questions
- If the target of a merger or acquisition has a pre-existing evergreen plan that is assumed in the transaction, when will shareholder approval be required for that plan?
- What does the board consider in reviewing an acquisition plan or purchase recommendation for approval?
- Do residents need to purchase a dining plan?
