The National Social Security Fund has been recognized as the Most Compliant Entity in public disclosure of information in Procurement and adherence to the Public Procurement and Disposal of Assets Authority (PPDA)’s Reporting Requirements.
The recognition was from PPDA in partnership with Infrastructure Transparency Initiative Uganda at the 12th Annual Public Procurement Performance Review Forum which took place at Mestil Hotel.
Patrick Ayota NSSF Deputy Managing Director, attributed the win to the Fund’s continuous effort in refining its procurement process to ensure that they get value for money in all procurements made, in a transparent manner. “We automated our procurement process in 2018 and are since working on enhancements with a dedicated in-house procurement unit to further improve the process in line with the law,” said Ayota, adding, “This recognition is therefore testament to the Fund’s deliberate effort to be transparent in its operations and compliant with the regulatory environment.”
The recognition follows an impressive public procurement rating obtained by the Fund last month where it was ranked as one of the best performing public entities with a rating of 89.3%, higher than last year’s score of 88%, by the Public Procurement & Disposal Authority (PPDA)
Gerald Mugabi, NSSF Head of Procurement said that the above achievements affirmed that the Fund’s procurement strategy is on the right path.
“A decade ago the Fund’s Procurement processes were among the worst performing areas characterized by stalled projects on account of either incomplete procurement process or administrative appeals to PPDA based on allegations of unfairness or outright failure of the Fund to follow regulations. With our new strategy, the story has now changed.”
He added, “Since 2015, PPDA has consistently ranked the Fund among the best performing public entities.”
These achievements are further evidenced by the successful execution of major real estate projects of the Fund that include Lubowa Housing project, Pension Towers, Jinja City House, Mbarara City House among others.
Officials say the massive investment in real estate enhanced by timely procurements will increase return on member’s savings.