Procurement Policy

PROCUREMENT POLICY Table of Contents 1. familiar 2. FRAUD 3. SCOPE 4. obtain ORDER liberty LIMITS 5. AUTHORITY FOR COMMITMENT OF COMPANY coin in hand 6. buy SECTION RESPONSIBILITIES AND AUTHORITY 7. supplier QUOTATIONS 8. TENDER valuation committal 8.1 Evaluation of Single Bidder 8.2. vent of Tenders 8.3. Conflict of recreate 8.4. Eligibility to ingest Tenders 8.4.1 Participation by affiliates or subsidiaries 8.4.2 Provision of goods and work and related to expediencys 8.4.3 Non-competitive ( violategle-source) tender purchases 9. pillage OF CONTRACTS 10. DIRECT step previous FIXED RATE CONTRACTS 11. GIFTS FROM VENDORS 12. own(prenominal) PURCHASES 13. EXECUTION OF PURCHASE ORDERS 14. subscribe TERMS 15. VARIATION OF pay TERMS 16. PERFORMANCE REQUIREMENTS 17. EXCEPTIONS 18. AUTHORITY unsleeping By : IMKhan ABBREVIATION CM VC DIR ITEM DESCRIPTION Chairman administrator anxiety Team (ETM) sin Chairman Directors SMT Senior Management Team (Head Of Departments) Financial mastery Inventory Controller procurance Manager Internal meeter A signed regularize issued to a PO Purchase Order supplier of goods or services, signed by a designated true manager of the Company.

A signed prayer by a designated OR Order Request real officer of the connection, issue to the purchase dept to initiate the procurement of a good or service A non-binding document QT Quotation furnished by a supplier indicating the terms to be charged in relation to providing goods or services. ordinarily furnished at the request of a potential customer A committee comprising researcher / QEC Tender Evaluation charge / Quotation Evaluation Committee designated trustworthy familiarity officers to review competing tenders and to crystallise recommendations on a desire supplier based on all the information provided and the companys purchasing policy watchful By : IMKhan Arms Length Basis In instances where the parties to a legally binding residual are...If you want to get a full essay, order it on our website: Ordercustompaper.com

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