What are the key differences between public and private sector procurement?
This is a question that comes up often, when discussing procurement issues during NECI’s various training offerings. In reality, there are more similarities than differences – the key objectives of proving value for money, being accountable for spending decisions, demand aggregation and adherence to procurement and financial policies are core to both public and private sector procurement functions.
While both public and private sector in Canada are bound by identical common law rules, as laid out in the case of Ron Engineering v Province of Ontario, there are also a number of important differences between the two sectors. Generally speaking, these differences fall into three categories: trade agreement obligations, general transparency requirements, and business drivers.
Over the next three weeks we will explore each one.