NIDCO Reveals Guidelines It Follows  Pertaining To Procurement

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NIDCO Reveals Guidelines It Follows Pertaining To Procurement

The National Infrastructure Development Company Limited reveals guidelines followed when carrying out the
responsibility for procurement of goods, services and works on behalf of the government of Trinidad and Tobago.

NIDCO says to fulfil this mandate, it ssues notices of tenders via its website and national newspapers, ensuring its procurement activities are executed in a transparent, ethical and effective manner.

1. The signing of contracts for NIDCO’s projects only takes place in person within NIDCO’s Offices, overseen by a representative from NIDCO’s Legal Department.

Therefore, the signing of any contract outside of NIDCO’s offices is fraudulent and not authorised by NIDCO.

2. The collection of cheques only takes place within NIDCO’s Offices, overseen by a representative of NIDCO’s Finance Department.

The collection of cheques outside of NIDCO’s Offices from any individual, whether purporting to be an officer or agent of NIDCO, is fraudulent and not authorised by NIDCO.

3. The Ministry of Works and Transport DOES NOT issue cheques directly to contractors or suppliers on NIDCO’s behalf.

The issuance of cheques allegedly by the Ministry of Works and Transport directly to contractors on NIDCO’s behalf is fraudulent and not authorised by NIDCO nor the Ministry of Works and Transport.

4. When projects are ready for execution, NIDCO informs the public by the issuing of a public tender, published both on the Company’s website and in the daily newspapers.

NIDCO says it hold itself accountable for  obligations and actions to the publics that we serve, and we are committed to managing our operations with integrity.