| Statement of Ethics |
Transparency and Fair Trading in
Procurement
NGC has developed a detailed set of Tenders Rules to govern its
procurement of goods, works and services. These rules, which compare
favourably with international standards, rigorously protects the
confidentiality of contractor information, and aims at ensuring fair
treatment of all persons and entities seeking to supply NGC with
goods and services. A Tenders Committee, comprising three
non-executive Directors of the Board and the Chief Executive Officer
of the Company, reviews and oversees the implementation of these
rules.
NGC’s Tenders Rules empowers the Tenders Committee to enquire into
any improper or untoward approach made to any tenderer or any
solicitation of any inducement or payment of money or other thing in
kind or in action from any tenderer by any person in respect of any
offer. The Rules also demands the cessation of business with
potential contractors where such persons offer inducement to NGC’s
Directors or officers for the purpose of gaining any advantage or
concession for himself or any other person.
Some of the other rules that NGC enforces to ensure fair treatment
and transparency include competitive bidding; sealed bids opened in
the presence of all bidders; and uniformity, consistency and
transparency in all communications with tenderers on any substantive
aspects of their bids subsequent to their submission.
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