CALL FOR TENDERS

At WELZO, we have an open procurement policy in place, which emphasises the use of open tender for sourcing goods and services for our esteemed R&D organisation. This policy reflects our commitment to transparency, fairness, and efficiency in our procurement processes.

Key Highlights of our Procurement Policy:

Open Tender: We will follow an open tender process for the procurement of goods and services. This means that all interested suppliers and service providers will have equal opportunity to compete for contracts by submitting their proposals in response to our tender invitations.

Transparency and Fairness: The open tender process ensures transparency and fairness, as all interested parties will have access to the same information and evaluation criteria. This approach fosters healthy competition and helps us select the most qualified and cost-effective vendors.

Compliance: Our procurement policy is aligned with relevant legal and regulatory requirements, ensuring that our procurement processes are conducted in accordance with applicable laws and guidelines.

Evaluation Criteria: We will establish clear and objective evaluation criteria for the selection of suppliers and service providers. These criteria will be communicated in advance to all interested parties to ensure transparency and a level playing field.

Supplier Qualification: Suppliers and service providers will be required to meet certain qualification criteria, including but not limited to financial stability, technical expertise, track record, and compliance with applicable quality and safety standards. These qualifications will be specified in the tender documentation.

Documentation and Reporting: We will maintain comprehensive documentation of the procurement process, including records of tender invitations, received proposals, evaluation criteria, and selection decisions. This documentation will support transparency and provide an audit trail for future reference.

Continuous Improvement: We are committed to continuously improving our procurement processes to enhance efficiency and effectiveness. Feedback from suppliers, internal stakeholders, and participants in the tender process will be welcomed and considered for process refinement.

By adopting an open tender approach, we aim to attract a diverse range of suppliers and service providers, fostering competition, and ultimately achieving the best value for our organization. We believe that this policy will enhance the quality and efficiency of our procurement processes, leading to improved outcomes for our R&D initiatives.

We encourage all interested vendors to monitor our procurement announcements, participate actively in the tender process, and contribute to our collective success.