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Subcontractor & Supplier Policy and Code of Conduct |
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Legal Structure
All subcontractors and suppliers must be legally registered as an entity either within UAE or in their respective countries and must function within the boundaries of applicable laws of the countries in which they are registered/operate. Any subcontractors or supplier ceasing to meet any statutory and/or other requirement of the country in which they are doing business, CEC reserves the right to immediately cancel all its outstanding orders with that supplier/subcontractor as well as terminate its agreement.
Subcontractor and Supplier code of conduct and ethics
CEC expects the highest standards of integrity and conduct from its suppliers/subcontractors in all its business relationship with CEC. Any ethical or integrity issues observed or encountered during the course of this relationship shall be bought to the notice of CEC Top management immediately. Subcontractors/Suppliers will adopt appropriate processes to prevent offering any illegal gratification in the form of bribes either in cash or in kind in the course of all dealings with us. All suppliers/Subcontractors should disclose any relationship if exists with any of the CEC employees. CEC reserves the right to take all appropriate actions or remedies as may be required under the circumstances.
Procurement
CEC's procurement objective is to buy products and services which have the best prices, quality, delivery, and technology.
CEC is solely responsible for selecting suppliers/subcontractors, obtaining quotations against Tenders and awarding LPO/contracts for products, equipment, services, software and/or materials. CEC will issue a LPO/contract agreement for all products and/or services it wishes to procure. Work should not begin until a formal LPO/contract is received and signed by both parties. Supplier performing a service or supplying products without the proper authorization would do so at its own cost and risk.
Confidentiality
CEC will treat information received from suppliers/subcontractors in a responsible fashion, and expects suppliers to treat information received from CEC in the same manner. Suppliers/subcontractors should not disclose or release information about relationships with CEC without obtaining formal permissions.
Relationship disengagement
CEC reserves the right to cancel all LPO and/or contracts with a Supplier/Subcontractors in cases where there is an unethical practice used, code of conduct violation, supplier bankruptcy or insolvency, failure to perform , ownership transfer and/or any other reason deemed fit for disengagement. CEC would follow a structured approach for disengagement to ensure smooth transitioning.
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