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Gamuda Berhad
(29579-T)
• annual report 2014
Marketplace
In line with this approach, the Group places emphasis on ethical
and transparent procurement, environmental preservation, product
stewardship and responsible engagement that is pervasive across all
divisions and subsidiaries.
Further reference to Gamuda’s best corporate governance practices and
approach to risk management is available in the Corporate Governance
section, pertaining to the Corporate Governance Statement and the
Statement on Risk Management and Internal Control.
Procurement Policy
• Group Procurement Policies and Procedures (G3P)
The G3P was established to govern and standardise all procurement
activitieswithintheGroupthatencompassworks,equipment,supplies
and services for all projects undertaken by the Group. The application
of G3P is mandatory for Gamuda and its Group of Companies and all
its employees engaged in all procurement activities, whether directly
or indirectly.
Among the G3P’s founding objectives are:
a. To streamline and centralise Gamuda Group Procurement
Policies and Procedures;
b. To create standard procedure in all procurement practices and
processes to be followed within Gamuda;
c. To ensure efficient, transparent and ethical procurement
practices;
d. To achieve Best Value for Money without compromising on quality,
delivery and other price and non-price factors and taking into
consideration of all legal, financial, commercial and technical
aspects;
e. To ensure the activities throughout the procurement process are
conducted in an impartial, reliable and economic manner; and
f. To conduct procurement activities effectively by demonstrating
the highest standard of integrity and professionalism.
Ethical leadership and accountability stay at
the top of our agenda in all our dealings with
the broad community, to instil confidence and
trust in our solutions, products and services.