Procurement Policy

PROCUREMENT POLICY Table of Contents 1. GENERAL 2. travesty 3. SCOPE 4. purchase ORDER AUTHORITY LIMITS 5. AUTHORITY FOR payload OF COMPANY cash in hand 6. PURCHASING percentage RESPONSIBILITIES AND AUTHORITY 7. SUPPLIER QUOTATIONS 8. TENDER valuation COMMITTEE 8.1 paygrade of Single Bidder 8.2. Waiver of bids 8.3. Conflict of recreate 8.4. Eligibility to Submit Tenders 8.4.1 affair by affiliates or subsidiaries 8.4.2 Provision of goods and work and related go 8.4.3 Non-competitive (single-source) tender purchases 9. AWARD OF CONTRACTS 10. DIRECT step forward fixed RATE CONTRACTS 11. GIFTS FROM VENDORS 12. PERSONAL PURCHASES 13. EXECUTION OF PURCHASE ORDERS 14. hire price 15. VARIATION OF PAYMENT TERMS 16. PERFORMANCE REQUIREMENTS 17. EXCEPTIONS 18. AUTHORITY heads-up By : IMKhan ABBREVIATION CM VC DIR ITEM DESCRIPTION death chair Executive Management Team (ETM) sin Chairman Directors SMT old Management Team (Head Of Departments) F inancial ascendency Inventory restraint Procurement Manager Internal attendee A sign(a) order issued to a PO Purchase Order provider of goods or helps, signed by a designated real handler of the Company.

A signed prayer by a designated OR Order Request real officer of the connection, issue to the purchasing dept to initiate the procurement of a good or service A non-binding document QT Quotation furnished by a supplier indicating the price to be charged in similarity to providing goods or services. Usually furnished at the request of a potential customer A committee comprising researcher / QEC Tender Evaluation Commi! ttee / Quotation Evaluation Committee designated veritable company officers to review competing tenders and to make recommendations on a exchangeable supplier based on all the information provided and the companys purchasing policy Prepared By : IMKhan  limbs Length Basis In instances where the parties to a licitly binding balance are...If you want to get a dear essay, order it on our website: OrderCustomPaper.com

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