The Cayman Islands Government spends over $100 million KYD a year on the procurement of goods and services. The government has a responsibility to maintain the confidence of the supplier community and the public in the procurement system, by conducting procurement in an accountable, ethical and transparent manner.
The Procurement Law 2016 requires the Director, Central Procurement Office to establish a Procurement Code of Conduct to define expectations with respect to:
The Procurement Code of Conduct has been created and is attached here.
Ethical behaviour is everyone’s responsibility and it is incumbent on all those involved in public procurement to adhere to the highest standards of probity.
In order to demonstrate leadership in ethical behaviour, the Central Procurement Office (CPO) is pleased to announce that in May 2017 it successfully passed the requirements of the Chartered Institute of Procurement Supply (CIPS) in Corporate Ethical Procurement & Supply. To achieve this recognition we took the following steps:
In recognition of attaining compliance with CIPS requirements the CPO is accorded the right to use the CIPS Corporate Ethics Mark and is one of approx. 30 organizations worldwide listed on the CIPS Ethical Register.
The CPO calls on all public entities, as well as suppliers to the public entities, to become acquainted with the CIPS Corporate Ethical Procurement & Supply program and to take the ethical initiative.
Resources to eradicate fraud, bribery and corruption in procurement and supply