Kazakhstan's Sovereign Wealth Fund revises procurement methodology

Kazakhstan Materials 19 February 2022 14:56 (UTC +04:00)
Kazakhstan's Sovereign Wealth Fund revises procurement methodology

BAKU, Azerbaijan, Feb. 19


Pursuant to instructions of Kazakhstan’s Head of State, Samruk-Kazyna National Wealth Fund has developed a new procurement methodology, Trend reports referring to the press service of the fund.

“A draft new procurement procedure of the Samruk-Kazyna JSC has been published on the corporate website for public discussion. The new procedure provides for publicity, openness and accessibility of the procurement process in the Fund's companies. At the suggestion of the Ministry of Finance of the Republic of Kazakhstan, the new draft contains a description of all procurement procedures without the reference norms, and the document is also of direct action,” the press service said.

As key changes, it is possible to single out the maximum reduction in the grounds for procurement in a single-source way. The issue of complete exclusion of intercompany purchases is also underway.

For the sake of transparency of monitoring activities, one of the proposals in the draft control rules provides for the placement of control results in the information system - the register of complaints. To date, the portal has implemented the functionality for considering appeals.

Furthermore, data on the status of consideration of requests, the contact details of the contractor and the terms of consideration are open to applicants. On January 26, an online conference on procurement reform was held at the National Chamber of Entrepreneurs (NCE) "Atameken".

On January 27, an open online conference was held by the Chairman of the Board of the Samruk-Kazyna JSC Almassadam Satkaliyev with representatives of the business community, which also addressed the issues of improving the procurement process of the Fund.

All fund procurement processes, from planning to conclusion and executing a procurement contract, are automated on the fund's procurement website, which is available to all interested parties, and is also integrated with a single procurement window of NCE Atameken.

All proposals from the business community and civil activists on the issues of reforming the fund's procurement system are accepted to a specially created mailbox [email protected]. About 400 proposals and appeals from citizens, including over 100 appeals specifically on procurement issues, have already been received to the specified mail. All suggestions are structured, analyzed and submitted for discussion with the business community, NCE "Atameken", and interested government agencies.

Following the results of discussion and agreement with the Ministry of Finance and the Agency for the Protection and Development of Competition, new procurement rules will be approved. The development of the fund's purchases will continue in accordance with the presidential instructions and will be aimed primarily at the domestic business development.