The objective of the BSTDB’s internal (institutional) purchasing is to provide goods, works or services, excluding consulting services, for the operation of its headquarters in Thessaloniki  Greece, in a manner that balances the Bank’s requirements for efficiency, economy, transparency, fairness and accountability.

Vendors are selected on a competitive basis, with the purpose of achieving best value for Bank’s resources while giving consideration to such factors as purchase price, life cycle cost, environmental implications, benefits of standardization, vendor support, guarantees, delivery, installation and conditions of payment. Direct contracting for goods, works or services is only applied where the selection of the vendor is fully justified for reasons that render further competition impractical.

Vendors for contracts over €50,000 are selected through international competitive tendering procedures, which are open to businesses from any country. They are usually announced through a notice published on the Bank’s website. When the purchase circumstances limit the number of vendors that are able to meet the requirements, a restricted list of minimum five vendors may be invited to tender.

The Administrative Services Unit (ASU) is a core unit within the Administrative Services Department that has the functional authority and responsibility for the Bank’s internal purchasing. More specifically, the ASU is responsible for the selection (and attendant processes) of suppliers, vendors, contractors, brokers, agents and dealers to provide specified goods, works or services; and the negotiation of terms and conditions of a contract, the entering into contracts, and the administration of such contracts.