Criteria for Awarding Procurement Contracts

During the Procure-to-Pay phase, Golden Mine Projects' Supply Chain team assesses bids and proposals from vendors based on several factors, such as:

• Technical Prowess:

• Capability to uphold the quality standards
• Commitment to timely delivery as per requirements
• Experience of the team
• Potential to provide added value

• Health, Safety, Environment, and Community (HSEC):

• Adherence to HSEC standards
• Existence of HSEC strategies and action plans
• Conformity with on-site access conditions
• Conduct of necessary risk evaluations

• Sustainable Practices:

• Policies and methods that emphasize sustainability
• Understanding and plans to mitigate environmental impacts
• Protection of endangered and rare species when relevant
• Materials and resources utilized in production or service provision
• Environmental footprint of manufacturing and service provision processes
• Stance on single-use items, emphasizing the 5 Rs
• Environmental and social labels on packaging
• Transportation-related environmental impacts
• Provision of extended product guarantees

• Social, Ethics, Governance, and Transformation:

• Respect for anti-corruption legislation
• Upholding governance principles
• Recognition and promotion of human rights
• Support for community procurement and employment goals
• Promotion of diverse suppliers including women-owned, indigenous businesses, etc.

• Business Aspects:

• Stability of the organization's finances
• Quality of the submitted proposal
• Meeting the requirements of the RFx / RFT
• Ensuring value for investment
• Understanding the costs of mobilizing and demobilizing
• Maintaining updated insurances

• Historical Performance:

• Proven safety record
• Consistent on-time and budget-compliant deliveries
• Reliable work plans and lead times
• Past success in similar projects or products

The bids are assessed using a systematic evaluation technique. Selected suppliers then proceed to further negotiation stages.