Nalcor Energy purchases its products and services in a competitive and cost efficient manner, consistent with good business practices and within the legislation of the Public Tender Act. We ensure that effective procurement practices, systems and processes exist within the company. Supply Chain Management personnel also manage the company's inventories and disposal of assets. We maintain the highest business standards and ensure that purchase of goods and services provide the best total value.
Supply Chain Management is the primary contact point for all vendors. The department will source, approve, develop and monitor all vendors utilized by Nalcor Energy. We promote and practice a total value analysis in the evaluation of bids. Our total value approach considers such factors as safety, cost, quality, service, delivery, environmental, innovation and local content. The company is actively involved in vendor partnerships and long-term agreements. We are also moving toward integrated supply agreements and electronic procurement for specific product and service groups.