Procurement
At Asteco, our Procurement Division is committed to driving responsible sourcing that creates lasting value for society, the environment, and the economy. We uphold the highest standards of ethics, transparency, and governance, ensuring every partnership reflects our shared values of integrity and sustainability. By collaborating closely with our suppliers, we foster local economic growth, innovation, and resilience across our value chain. Aligned with the nation’s Net Zero vision, we are dedicated to sustainable procurement practices that shape a better, greener future for generations to come.
Procurement Vision
Empowering sustainable procurement practices and driving innovation for a responsible and inclusive future/Transforming procurement into a strategic, value-driven function for sustainable growth by leveraging advanced technologies, data insights, and collaborative partnerships.
Procurement Core Principles:
- Agility: We deliver an intuitive, streamlined Source-to-Contract (S2C) and Procure-to-Pay (P2P) solution, tailored to maximise efficiency and simplify every step of the procurement process
- Client Centricity: By fostering close collaboration with both internal and external stakeholders, we create customised solutions that precisely address unique requirements
- Risk Management: We proactively identify and mitigate risks, safeguarding business continuity and ensuring the reliability of our suppliers
- Competitiveness: In alignment with Aldar Group’s procurement policies, we uphold fairness and transparency throughout supplier and contractor selection processes
- Process Efficiency: We leverage automation and digital technologies to streamline workflows, shorten cycle times and boost overall productivity
- Quality and Compliance: Every good and service we procure meets strict quality standards and regulatory requirements, while consistently adhering to internal guidelines
- Accountability: We nurture a culture of integrity, efficiency, and transparency to ensure that procurement practices consistently yield ethical and effective outcomes
- Ethical Standards: Our commitment to a clean supply chain drives us to prevent fraud and corruption at every stage of the procurement process
- Service Excellence: We engage every supplier and stakeholder with respect, empathy, and professionalism, ensuring our procurement practices mirror the high standards of care and hospitality extended to our guests
Procurement Value Propositions
- Demonstrated expertise in managing the entire P2P cycle for OPEX and CAPEX needs
- Fully automated P2P (E-requisitioning, E-ordering, E-invoicing) for quick turnaround and efficient operations
- A robust framework contract library with multi-category SORs for quick, cost-effective, and compliant delivery
- A diverse team of seasoned procurement professionals, providing coverage and proficiency across all principal spend categories
- A scalable organizational structure designed for the swift and seamless onboarding of new portfolios or clients
- Automated processes for low-value transactions, minimizing manual work and enabling focus on strategic tasks
- Efficient approval workflows with a lean hierarchy to reduce lead times and support agile decisions
COC
At ASTECO, we ensure procurement is conducted with integrity, transparency, and accountability, strictly following all laws and ethical standards. Suppliers are chosen based on merit, with robust safeguards against conflicts of interest. We prohibit gifts or favors and require vendors to disclose conflicts and commit to ethical conduct during registration.
Procurement Sustainability
Asteco Procurement is committed to upholding Aldar Group’s sustainable procurement principles, prioritizing cost-effectiveness, ethical standards, accountability, transparency, and robust risk management. We adopt a comprehensive, whole-life approach that aligns with our net-zero goals, ensuring that every procurement decision considers long-term economic, social, and environmental impacts.
Supplier Relations
Asteco Procurement is dedicated to fostering strong and transparent partnerships with trusted, qualified suppliers. By maintaining a diverse and extensive network of registered vendors across a broad range of spending categories within our commercial directory, we ensure consistent delivery of reliable products and services at competitive rates throughout all areas of our operations.
Supplier Registration
REGISTER WITH US TO:
- Explore partnership opportunities and expand your supplier portfolio
- Experience a streamlined onboarding process via Asteco’s Oracle Fusion platform
- Access a vetted network of suppliers across categories and specialties to support client requirements
Supplier Requirements
SUPPLIER PREQUALIFICATION REQUIREMENTS:
To join our supply network, vendors are required to meet the following criteria:
- Comply with Asteco’s Code of Business Conduct, upholding the highest standards of integrity and professionalism
- Demonstrate competitiveness in technical capability, cost efficiency and exceptional service delivery
- Possession of a valid In-Country Value (ICV) certification is preferred
- Show evidence of financial stability and operational resilience to support ongoing business demands
- Operate with integrity, maintaining high standards of health, safety, security and environmental responsibility
- Holding ISO certification or complying with recognized industry benchmarks is preferred
- Maintain efficient, timely, and accurate invoice processing to ensure smooth transactional workflows
By upholding these standards, we foster a resilient, ethical, and high-performing supply chain that consistently delivers value across all aspects of our operations.
FAQ
Frequently Asked Questions
Yes, registration is mandatory for any tender participation with Asteco/Aldar Group.
To register with your company, please follow the link labeled Supplier Register or Login . Complete all required sections and profile questionnaires, then submit your application for approval. Your profile will be reviewed and processed accordingly.
No, separate registration is not required. Vendor registration is centralized at the group level and covers Asteco and other Aldar entities.
Since we ve transitioned to the new vendor portal, please activate your existing account if it s not already activated using the activation link available on our registration portal homepage. Please note that supplier selection for tenders is at the discretion of Aldar and its entities, based on the specific requirements of each tender.
Yes, during registration, you are required to accept a general Non-Disclosure Agreement that is not project-specific.
Yes, you should select all relevant categories from the dropdown list under Products and Services that align with your commercial license activities. Selecting only the main category will not be sufficient
Each company must be registered individually with its own trade license and supporting documentation.
Yes, each branch should be registered separately if required.
Registration does not guarantee an invitation to any specific tender. However, it allows your company to be listed as a potential vendor for upcoming opportunities. Registration is mandatory to be considered for any work with Asteco/Aldar Group.
Please direct your queries to vendormanagement@asteco.com & supplierrelations@aldar.com
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