Module 1: Introduction and Overview of the United Nations Procurement Manual

Procurement Manual

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		Stages when BVM Principle is Applicable

The Best Value for Money principle is applicable throughout the acquisition process. The main stages within the process where it is applicable are:

	Planning, funding and definition of requirements Identification of vendors Development of Source Selection Plan, including evaluation criteria and weighting (if applicable) Evaluation and source selection Risk assessment and management Contract management (including vendor performance assessment and ensuring that the vendor complies with the terms and conditions of the contract)
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