Procurement Practices
GRI 415-1The Company manages its procurement processes in line with the regulatory framework established by the authorized body of the Samruk-Kazyna Sovereign Wealth Fund (the Fund) and its own internal policies. Procurement activities are conducted through the Fund’s electronic procurement information system.
The Company follows key principles to ensure effective procurement, including:
- Cost minimization
- Timely delivery of goods, works, and services of the required quality
- Transparency and openness of the procurement process
- Accountability and control over decision-making
Key Procurement Highlights for 2024
|
Procurement plan for 2024 |
KZT 43.2 billion |
|
Number of contracts signed |
1,412 |
|
Number of suppliers |
865 |
|
Total value of signed contracts |
KZT 40.1 billion |
|
Procurement plan execution rate |
98.78% |
|
Cost savings |
KZT 2.3 (5.26%) |
|
Share of contracts awarded through competitive procedures |
57.6% |
|
Local content share in goods purchased |
8.26% |
|
Local content share in works/services purchased |
85.91% |