Public Procurement and Disposal of Public Property Act No 39 of 2014. Country/Territory Grenada Document type Legislation Date 2014 Source FAO, FAOLEX Long titleAn Act of Parliament to promote the public interest by prescribing the principles of good governance namely accountability, transparency, integrity and value for money in public procurement and to establish a framework of operational principles and procedures for efficient public procurement and for the disposal of public property by public entities and to provide for other related matters. Subject Agricultural & rural development, Livestock, Food & nutrition, Land & soil, General Keyword Access-to-information Legal proceedings/administrative proceedings Enforcement/compliance Contract/agreement Business/industry/corporations Equity Framework law Governance Procedural matters Public participation Agricultural commodities Public land Land tenure Geographical area Americas, Caribbean, Latin America and the Caribbean, North Atlantic, Small Island Developing States Entry into force notes This Act enters into force on the date appointed by the Minister by notice in the Gazette. Abstract The purposes of this Act are (I) to promote the public interest by prescribing the principles of good governance, namely accountability, transparency, integrity and value for money in public procurement and (II) to establish procedures for the procurement and the disposal of public property by public entities to achieve the following objectives: (i) maximize economy and efficiency; (ii) promote competition among suppliers, contractors, consultants and service providers and provide for their fair, equal and equitable treatment; (iii) promote the integrity and fairness of such procedures; (iv) increase transparency and accountability in such procedures; (v) increase public confidence in such procedures; and (vi) facilitate the promotion of local industry and economic development. This Act applies to all public procurement by procuring entities within the meaning of this Act and any activities related thereto and each disposal by a public entity of stores and equipment that are unserviceable, obsolete or surplus. Full text English Website laws.gov.gd References - Legislation Amended by Public Procurement and Disposal of Public Property (Amendment) Act No. 1 of 2018. Legislation | Grenada | 2018 Keyword: Protection of environment, Institution, Sustainable development Source: FAO, FAOLEX