Ethical procurement is about more than complying with legislation—it is about conducting business with honesty, fairness and accountability. Every procurement decision should promote transparency, value for money and equal treatment of all suppliers.
Suppliers play an important role in maintaining the integrity of the procurement process. This includes submitting accurate information, declaring any actual or potential conflicts of interest, respecting confidentiality and competing fairly.
Ethical business practices help create a level playing field where contracts are awarded on merit rather than influence or unfair advantage. They also strengthen public confidence in how public funds are spent.
IDFC encourages all suppliers to uphold the highest standards of professional conduct throughout every stage of the procurement process.