Recently, a few cases have made the news regarding entities failing to meet procurement requirements. In some cases, entities have had to pay back millions of dollars because they did not meet these requirements. This serves as reminder of the importance of following the procurement standards when selecting vendors and contractors to work on projects that use federal or state funds.
Some key points to keep in mind during the general procurement process:
When reviewing procurement policies and procedures:
If you have further questions, you can call Melissa Johnson at 651-407-5896 or reach her at firstname.lastname@example.org.
Melissa F. Johnson, CPA, is a Manager in Government Audit and Accounting Services in Redpath and Company's offices in beautiful White Bear Lake, MN.More posts by Melissa Johnson