Explain four characteristics of public sector buyer in the context of procurement?

1. Transparency: Public sector buyers are required to operate in a transparent manner when procuring goods and services. This means that their procurement processes must be open and fair, with clear criteria for selecting suppliers and awarding contracts. This transparency helps to ensure that public funds are spent efficiently and effectively.

2. Accountability: Public sector buyers are accountable to the taxpayers and must justify their procurement decisions. They are responsible for ensuring that the goods and services they purchase meet the needs of the public and provide value for money. This accountability helps to prevent corruption and ensure that public funds are used responsibly.

3. Compliance: Public sector buyers must comply with a range of regulations and guidelines when procuring goods and services. These regulations are designed to ensure that the procurement process is fair, competitive, and free from bias. Public sector buyers must also comply with ethical standards and codes of conduct to maintain the trust of the public.

4. Social responsibility: Public sector buyers have a responsibility to consider the social and environmental impact of their procurement decisions. They may be required to prioritize suppliers who meet certain social or environmental criteria, such as employing local workers or using sustainable materials. By considering these factors, public sector buyers can help to promote social and environmental sustainability in their procurement practices.