Day: February 15, 2022

Cost reduction and efficiency gains – these can be achieved by streamlining the supply process and freeing up supply staff to do more value-adding work. Data accessibility – quick and easy access to critical data in real time aids sound Read More …

An accounting officer of the procuring entity may dispose assets by a method which may include the following: Transfer to another public entity or part of the public entity. Sale by public tender. Sale by public auction. Trade in. Dispose Read More …

1. Employees in charge of disposable item shall bring the matter to the attention of the disposal committee through the head of the procurement function. 2. The employee will create the above attention within reasonable time after the asset becomes Read More …

1. Requisition. All requests for issuance of goods from stock shall be covered by the requisition and issue venture (RIV) from which is the official document designed for this purpose. All the requests for issuance of the requirements shall be Read More …

Types: 1. Firm fixed price. Also known as Lump sum. It is generally utilized in government based project. Here the seller and the purchaser make a deal on a fixed price on a certain project. Furthermore the seller is objected Read More …

Similarities. 1. Provides goods, works and services to the public. Contrast. 1. Funding government funds public, private is funded. 2. Public procurement is governed by PPRA. Private is not. 3. Open tendering is the preferred method for public procurement while Read More …

1. Lack of proper experts to develop or understand proper documents e.g. specifications contract documents. 2. Compliance with the contract requirements. 3. Collaboration and cross-function with other departments. 4. Competition e.g. technology. 5. Change in Business environment i.e. prices fluctuate.

1. Ensure that store rooms are kept clean, properly ventilated and in good condition, and that the stores are well arranged and easy to access. 2. Inspect the store regularly for any loss, damage, leakage etc. and report to the Read More …

1. Ensure that an officer is appointed to be in charge of stores. 2. Ensure all stores purchased are actually received and taken on charge and should arrange for occasional visits of inspection to the stores at least quarterly in Read More …

1.The work of the committee The IAC may inspect goods, works or services at any reasonable time or place, including: During manufacture or construction; Prior to shipment; On delivery or completion; or Prior to final acceptance. The IAC may also Read More …