Procurement profession regulation long overdue
Friday, October 16, 2020
While there are so many bodies that have been set up to regulate their professions, I wish to take this opportunity to applaud BICA for the stellar job they have been doing over the years in advocating for the Accounting profession.
The objective of this piece is however not to decode the recently passed Bill, but rather to discuss the urgent need to expeditiously pass a Bill to license and regulate the procurement professionals who practise both in the public and private sector.
According to a report elsewhere in this publication, various district councils announced that a one-bedroom home now costs over P130,000 more, a near-unthinkable 32% increase. This isn't just a minor adjustment, but a devastating blow to the dream of affordable home ownership for ordinary citizens.What is most alarming is not just the scale of the increase, but the profound confusion it has exposed. Minister Ramogapi has publicly...