Scribd
Upload
59 views3 pages

PTP's Vendor Code of Conduct 1

This 3 sentence summary provides the key details from the Vendor Code of Conduct document: The Vendor Code of Conduct outlines PTP's expectations that all vendors adhere to principles of safety, integrity, accountability, fairness and zero tolerance for corruption in their business dealings. Vendors are expected to comply with the Code and Malaysian law, and violations could result in termination of contracts or blacklisting. The Code is intended to promote transparency, ethics and good governance in PTP's procurement practices.

Uploaded by

SYED
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
59 views3 pages

PTP's Vendor Code of Conduct 1

This 3 sentence summary provides the key details from the Vendor Code of Conduct document: The Vendor Code of Conduct outlines PTP's expectations that all vendors adhere to principles of safety, integrity, accountability, fairness and zero tolerance for corruption in their business dealings. Vendors are expected to comply with the Code and Malaysian law, and violations could result in termination of contracts or blacklisting. The Code is intended to promote transparency, ethics and good governance in PTP's procurement practices.

Uploaded by

SYED
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 3

VENDOR CODE OF CONDUCT

INTRODUCTION
This Vendor Code of Conduct (“Code”) sets forth the principles and standard of conduct that PTP
expects Vendor to adhere in their provision of works, supplies, services, etc. to PTP.
It is the policy of PTP to adopt procurement practices in a transparent and fair manner to support
PTP business objectives. Towards this end, PTP strives to adopt procurement practices which
support fair competition, wide participation and good governance in compliance with the relevant
laws, regulations and terms and conditions which protect both PTP and Vendors.
PTP is committed to promoting and maintaining high standards of transparency, accountability,
ethics and integrity in its business dealings in line with its Integrity, Innovation, Teamwork,
Excellence and Commitment (“INTEC”) values and PTP expects all Vendors to share this
commitment.
This code is not a contract. It does not confer rights on any Vendor, nor does it impose obligations
on PTP. In case of a conflict between this Code and the Vendor’s contract, the terms of the
Vendor’s contract prevail.

COMPLIANCE
At PTP, we expect all our Vendors to comply with this Code without fail. Vendors are also
expected to cooperate, maintain business relationships based on respect and trust and adopt a non-
adversarial approach in business dealings with PTP. Violations of this Code by Vendor may result
in relevant contractual or legal remedies under the law, termination of contract, sanctions and
blacklisting by PTP from participating in any future procurement and/or tender activities by PTP.
Where appropriate, the directors of the Vendor may also be blacklisted.

PTP’s Vendor Code of Conduct 1|Page


PRINCIPLES OF THIS CODE
This Code is guided by following principles of conduct:

• Safety and Health


Vendors shall ensure a safe and healthy working environment for all their employees and
others involved on or affected by their businesses and operations.

• Integrity
Vendors shall uphold highest standards of integrity in all business dealings with PTP.

• Accountability
Procurement/Tender activities shall be conducted in a transparent manner.

• Fairness
Vendor shall not engage in procurement practices that are unfair, Integrity, honesty and trust
shall be observed at all times.
• Zero tolerance towards corruption
Vendor shall not engage in any form of corrupt practice in all business dealings with PTP.

• Disclosure of interest
Vendors shall disclose any situation of potential conflicts of interest.

• Confidentiality
Vendors shall maintain and safeguard the confidentiality of any confidential information
obtained in the course of business dealings with PTP including compliance to the Personal
Data Protection Act 2010 where applicable.

• Anti-Competitive practices
Vendors shall not collude or participate in any procurement activities that are anti-competitive
or contravening the applicable laws of Malaysia.

• Compliance to Laws
Vendors shall ensure compliance with applicable laws of Malaysia governing their contractual
obligations.

PTP’s Vendor Code of Conduct 2|Page


OBLIGATION OF VENDORS
Vendors must observe the following responsibilities:
▪ Comply with the principles of this Code.

▪ Respond to tender solicitations in a fair, honest and transparent manner; reflect their capability
to meet the requirements stipulated in the tender documents.

▪ Prohibited from any form of corruption, tender-rigging, collusion or any other form of anti-
competitive activity in any tender exercise and during the performance of their works, services,
supplies, etc.

▪ Ensure their relevant employees are being informed of this Code.

▪ Report any violations of this Code.

▪ Cooperate fully in investigations or audit by PTP in respect to compliance to this Code.

RAISING CONCERNS
The standards of conduct described in this Code are critical to the success of PTP’s business
relationship with PTP’s vendors. Vendors may in the event the Vendors encounter questionable
activities, PTP encourages the Vendors to immediately bring them to PTP’s attention.

PTP’s Vendor Code of Conduct 3|Page

You might also like