Diligent Procurement

Effective due diligence is critical to all aspects of procurement and represents a number of activities that should be carried prior to entering a contractual agreement. This can be a timely exercise but enables the parties involved to conclude a contract with full understanding and awareness of the deliverables, timescales, costs, risks and other contractual commitments.

CIPS Procurement Topics

Related concepts

Due Diligence

Due diligence can help minimise common purchasing risks and can help make better purchasing decisions (Goldman and Schmalz, 2005).

Find out more

Diligent Procurement

What Due Diligence in the Bribery Act era means for Procurement Professionals.

Find out more

Other Resources

Stonewall guidance on diversity in procurement

The financial leverage businesses exercise with suppliers can be critical to lowering costs and delivering better services. Many organisations, both in the private and public sectors, have now realised that this leverage can also be used to advance equality.

This guide profiles some of the organisations working with their suppliers to improve both their workplaces and services for lesbian, gay and bisexual people. These organisations have seen that by encouraging their suppliers to think about diversity they have ended up with better services themselves, and their own efforts to become more inclusive have resulted in aligning themselves to suppliers who share the same values.

Read the full article