Value for Money
Government agencies must consider the overall benefits, quality, performance, and suitability of goods or services rather than focusing only on the lowest price.
Governance & Digitalization
Ministry of Finance Regulation on Public Procurement and Supplies Management
B.E. 2560 (2017) — Principles, procedures, and guidelines for transparent and accountable government procurement in Thailand.
Regulation
B.E. 2560
Enacted 2017 — Ministry of Finance
Principles
4
Value, transparency, efficiency, and accountability
Methods
3
General invitation, selection, and specific procurement
Overview
The Ministry of Finance Regulation on Public Procurement and Supplies Management, B.E. 2560 (2017) establishes the principles, procedures, and guidelines for public procurement and supplies management carried out by government agencies in Thailand. The regulation aims to ensure that government procurement processes are conducted with transparency, efficiency, accountability, and value for money, while promoting effective use of public budgets and preventing corruption.
This regulation covers the entire procurement lifecycle, starting from procurement planning, preparation of specifications and terms of reference (TOR), selection of procurement methods, contract management, inspection and acceptance of supplies, inventory control, maintenance, and disposal of government assets.
Four Key Principles
The regulation requires government agencies to follow four key principles:
Transparency
All procurement processes must be open, fair, and accessible for review. Relevant information, procedures, and decisions must be properly documented and disclosed.
Efficiency and Effectiveness
Procurement operations must be carried out in a timely manner and achieve the intended objectives while maximizing the benefits obtained from public resources.
Accountability
Every step of the procurement process must have clear responsibilities, supporting documents, and evidence that allow proper auditing and monitoring.
Procurement Methods
The regulation specifies three main procurement methods:
- General Invitation Method A competitive process that allows general suppliers or contractors to participate in bidding.
- Selection Method A process where qualified suppliers are invited to submit proposals based on specific requirements or conditions.
- Specific Method A direct procurement method used in cases where only a particular supplier is suitable or when conditions specified by law are met.
In addition, the regulation provides guidelines for public supplies management, including the proper storage, registration, control, maintenance, and disposal of government assets. These procedures ensure that public resources are used efficiently throughout their service life.
In conclusion, the Ministry of Finance Regulation on Public Procurement and Supplies Management, B.E. 2560 (2017) serves as an important framework for government agencies to manage procurement activities systematically and responsibly. It promotes good governance by ensuring that public expenditures are economical, transparent, and accountable, resulting in maximum benefits for government operations and society.
Full Regulation Document
Ministry of Finance Regulation on Public Procurement and Supplies Administration, B.E. 2560 (2017)
