Procurement Code of Conduct

We believe that all supplier relationships should be based on principles of good governance such as integrity, accountability, fairness and no tolerance rule towards bribery and corruption 

These principles are given force in a detailed Procurement Code Of Conduct (Code) which is constantly revised to capture changes in law, reputation demands and changes in the business.

Breach of The Code

Suppliers/contractors who have committed a breach of the Code shall be subjected to the following action:

  • Penalties or any contractual or legal remedies under the law

  • Immediate termination of the contract

  • Disclosure of nature of breach to Reneuco

  • Blacklisted by Reneuco and shall be precluded from tendering for any work in the supply chain for the specified period. The directors of the Company may also be blacklisted

Requirements from Suppliers

Other than being subjected to carry out works properly and in accordance with the contract, all Reneuco suppliers/contractors are obligated to adhere to principles and policies prescribed in the Reneuco Procurement Code of Conduct. In fulfilling these responsibilities, suppliers, their employees and representatives must:

  • Read, understand and internalize the Code

  • Comply with the Code

  • Report possible violations of the Code by informing Authorized Representatives of Reneuco

  • Cooperate fully in any investigation or audit by Authorized Representatives of Reneuco with regards to compliance to this Code

To ensure compliance with the Code, suppliers must:

  • Maintain all accurate and complete documentation to support compliance

  • Provide Authorized Representatives of Reneuco with complete and unrestricted access to relevant records, upon Reneuco request

  • Allow Authorized Representatives of Reneuco to conduct confidential interviews with their management, directors, and employees individually

  • Allow Authorized Representatives of Reneuco to conduct site visits to the suppliers’ locations in any manner

  • Respond promptly to inquiries from Authorized Representatives of Reneuco regarding the implementation of the Code

Disclosure Policy

Reneuco suppliers may be asked to sign a non-disclosure agreement (NDA) depending on the level of information disclosed during the course of business. Reneuco has a non-disclosure agreement form, and it is our policy to use our form.

Information provided to suppliers such as drawings, specifications, procedures, schedules, or forecasts may be considered proprietary and confidential to Reneuco.

As such, the supplier shall not use, transmit or disclose this information to any third party except in accordance with the terms of the non-disclosure agreement.

Blacklisting Procedure

Based on Arahan & Panduan Perolehan Bil 1 Tahun 2019

Blacklisting Categories

Suppliers/Contractors shall be blacklisted from participating in any of Reneuco and its subsidiaries future procurement exercise in the following cases of violation:

  • Violation of rules or failure to perform according to the agreed terms and conditions of the Contract/Purchase Order.

  • Withdrawal of tender/quotation after the validity period of the tender/quotation has been closed or refusal to accept the award of Contract/Purchase Order within the validity period.

  • Violation of regulations and practices on occupational safety, health, and environment.

  • Cases related to litigation, winding up of company, and bankruptcy of shareholders/directors

Contact Us 

For any inquiries or questions regarding the blacklisting procedure, kindly contact us at (scm@kpower.com.my)

Further information related to blacklisting procedures can be accessed through this link.