Policy & Implementation

Competitive Practices

International Power's (IPR) policy is that competitive tendering should be adopted wherever possible and that public procurement laws and regulations must be complied with. Please see Appendix B for a copy of IPR’s procurement principles. Because anti-trust laws in various States in which IPR carries out business can provide for civil and criminal penalties against IPR and IPR Personnel; and it is vital that these principles; and plus any more detailed procurement policies published from time to time by the IPR procurement department; and are adhered to and local legal and procurement advice is taken before committing the Company.
It is IPR’s policy to comply with competition laws throughout the world. IPR will not take part in unlawful cartels or any form of restrictive trade practice. If in doubt, seek appropriate guidance.
The establishment of long-term and close relations between purchasers and suppliers is recognised, in the right context, as having the potential to benefit both the parties to such an arrangement and those with whom they deal. To this end, the viability and well being of IPR’s suppliers is a key concern of IPR’s management and staff. IPR personnel have a duty to ensure that IPR observe the terms of contracts including the payment of suppliers according to agreed terms. However, IPR Personnel are required to avoid relationships, whether with suppliers or others, which are, or might have the appearance of being, contrary to the principles of fair competition, for example by discriminating against or treating differently any supplier competing with one or more other suppliers. Excessive dependence on any particular source of supply should be avoided whenever possible.

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