Supplier Profile

COFIDES has implemented internal contracting rules, which are set out in its Procurement and Outsourcing, Supplier Policy operating procedure. This procedure aims to apply objective criteria to define the levels of responsibility and the system used in the company to purchase goods and hire services that affect the quality of its own services.

Its objectives include the following:

• To expedite purchasing, outsourcing and expenditure-related decision-making without lowering the standards of strict objectivity and transparency by which the process should be governed.
• To collect the basic information required from each supplier for subsequent selection and approval on the grounds of established parameters, using transparent and objective mechanisms.
• To ensure that suppliers have the financial means, general resources and structure required to provide the respective service.

These rules guarantee that the procedure is public, competitive, transparent, equitable and non-discriminatory and respects confidentiality, and that the contract is awarded to the supplier submitting the most economically favourable bid.