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"Samruk-Kazyna" JSC presents advantages of its procurement model

13 April 2017

On April 13, 2017, “Samruk-Kazyna” JSC (the Fund) conducted an information session for the media on the advantages of its procurement management model in Astana. The speakers who addressed the information session were: Adamas Ilkevicius, Managing Director for Transformation and Special Projects of “Samruk-Kazyna” JSC, Julia Arkhipova, Acting Head of the Procurement Services Department of “Samruk-Kazyna” JSC, Kaynar Taizhanov, Deputy General Director of “Samruk-Kazyna Contract” LLP.

It should be noted that on September 4, 2015, the Board of Directors of “Samruk-Kazyna” JSC approved a new procurement management concept to increase the efficiency of the Fund's procurement activities. The concept implied the introduction of seven procurement standards covering the entire supply chain from procurement planning to inventory management.

The main innovations in the procurement system included the introduction of two mechanisms: the categorization of the goods, works and services procured, as well as the prequalification of potential suppliers.

The advantage of category management is that the key criteria when choosing a supplier is a sum total of all costs arising throughout the life cycle of a product, work or service from the moment of acquiring and until their full cancelation/utilization.

Prequalification of potential suppliers is an independent audit of potential suppliers, which allows to assess the supplier's ability to perform work, provide services and deliver goods, and also protect from participation of long firms. Currently 600 Kazakhstani companies have been prequalified. As a part of the pilot project, 64 items of goods, works and services have been identified, for which since April 3 of this year, procurements have been made only among prequalified suppliers. The listed potential suppliers are exempt from payment of the tender application fees, confirmation of staff qualifications and work experience, notarization of documents within 2-3 years. In addition, an independent evaluation gives companies point-wise recommendations for improving their operations.

In 2017, “Samruk-Kazyna” JSC plans to extend prequalification to the whole group of companies, which will allow the Fund to standardize and optimize its procurement system, and create conditions for a healthy competitive environment for suppliers.

About “Samruk-Kazyna” JSC 

Joint Stock Company Sovereign Wealth Fund “Samruk-Kazyna” — the Fund owned by the Government of the Republic of Kazakhstan. The Fund was established in 2008 in accordance with the Decree of the President of the Republic of Kazakhstan and represents itself as commercial structure — the investment holding company whose mission is to increase the national welfare of the Republic of Kazakhstan, and to support modernization of its economy. The Fund «Samruk-Kazyna» achieves its mission through efficient management of its portfolio companies in order to increase their long-term value and ensure sustainable development, and by making catalytic investments in the priority sectors of the national economy. The value of the Fund’s assets is about US$ 61.5 billion. Samruk-Kazyna group includes companies in oil and gas, transport and logistics sectors, chemical and nuclear industry, mining and metallurgy, energy, machinery building and real-estate sectors.


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