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PREFERENTIAL PROCUREMENT POLICY 2022Department of Social Development Preferential Procurement Policy,2022-Page 1 of 231.TABLE OF CONTENTSNUMBER DESCRIPTIONPAGE NUMBERS1TABLE OF CONTENTS22ACRONYMS
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How to fill out preferential procurement policy what

01
Determine criteria for preferential procurement policy such as designated groups, local suppliers, etc.
02
Identify eligible suppliers who meet the criteria for preferential procurement.
03
Obtain necessary documentation from suppliers to confirm eligibility.
04
Set targets for preferential procurement in terms of percentage spend or number of contracts.
05
Monitor and track progress towards achieving targets for preferential procurement.
06
Review and update the preferential procurement policy as needed to ensure effectiveness.

Who needs preferential procurement policy what?

01
Government entities looking to promote economic empowerment and inclusion of designated groups.
02
Businesses aiming to support local suppliers and contribute to socio-economic development.
03
Organizations seeking to align their procurement practices with corporate social responsibility goals.
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Preferential procurement policy is a policy that encourages the awarding of contracts to certain groups, such as small businesses or minority-owned businesses, in order to promote economic growth and equality.
Government agencies, departments, and organizations that engage in procurement activities are required to file preferential procurement policies.
Preferential procurement policies can be filled out by providing information about the types of businesses eligible for preferential treatment, the criteria for awarding contracts, and the goals of the policy.
The purpose of preferential procurement policy is to create a level playing field for businesses owned by underrepresented groups and to promote economic development in disadvantaged communities.
Information that must be reported on preferential procurement policy includes the goals of the policy, the types of businesses eligible for preferential treatment, and the results of the policy in terms of contract awards.
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