Electron Corporation - Essay Example

In this case, the government took the responsibility of oversight, first through the ministry of finance (Thai 12). The ministry possesses the overall responsibility for procurement systems in the public sector, including the responsibility for monitoring the policy’s implementation, particularly regarding public expenditure and facilitation of a proper understanding of the governing documentation service-wide. In discharging its responsibilities, the finance ministry carries out routine investigation of operations or activities of various departments and institutions, as well as maintains a reporting system that contains information relating to contract awards and the governing document.

            Additionally, the government monitored and, when necessary, investigated at its discretion the awards and the implementation of all government contracts to ensure that they are impartially awarded (Thai 12). The government also ensures that the contract was awarded on a basis of merit and that its awarding or termination does not involve irregularity or impropriety. It further ensures that the contract’s implementation conforms to the conditions and terms set out. The contracting officer is charged with advising the awarding of the contract and, where applicable, a variation of government contracts. He also has access to records, books, property, and stores belonging to the government. This is true for all premises and property where a government contract is either being executed or in the process of execution.

            If the contract had been awarded via a sealed bid process, the answer would have been different. This is because the process would have been more competitive and, consequently, the best bid would have won. Sealed bidding is fairer since the providers are not given a chance to appear more efficient or smarter than their competition. This could have happened during the tendering process involving Electron Corporation. Electron Corporation would have missed the opportunity of introducing a bias in our minds via leveraging special relationships. Had Electron Corporation won via a closed bid process, there would have been less evidence of a swindle, and, therefore, I would have had less space to cancel the tender. Sealed bidding processes are clear, ensure commitment, have no space for trade-offs, particularly regarding factors that are not related to price, and can be used to evaluate the bid’s responsiveness.

            Moreover, winners of sealed bid procurement processes rarely attempt to dodge the rules of the procurement since their win was not based on negotiation. It would have been difficult to cancel this tender had it been the product of such a bid. Most sealed bid winners also hope to keep their clients since they have been chosen because of trust and not negotiations. They prefer to take the path of minimal resistance to future business. They tend to pay attention to details in their bids, and this gives the contracting officer a better understanding of the company’s intentions. Usually, a company with intentions to make a large profit is defeated during the initial bidding process.