Month: February 2022

Knowledge of the scheduling of procurement requirements and of the timeline of each key milestone in the evaluation and selection process (duration of the evaluation process, approval requirements, contract negotiations, etc.) is crucial to effectively package procurement requirements. What is Read More …

Process by which procurement requirements are divided into lots to segregate into smaller packages or packages that requires specific set of qualifications Considerations for Division into Lots The division of a procurement requirement into lots, which could otherwise be procured Read More …

Aggregation of supply means: when the aggregated demand is presented in a consolidated way to the market, a single supplier, or fewer suppliers than before, may respond and contract with us – leading to a supply base for our new Read More …

Procurement planning is the process of deciding what to buy, when and from what source. It is the primary function that sets the stage for subsequent procurement activities. Procurement must take a thoroughly professional view of its role in business Read More …

A Procurement Plan is a document that sets out the intended strategy for how procurement will be carried out before any significant procurement actions are performed. A Procurement Plan defines the products, services and works that you will obtain from Read More …

A procuring entity may enter into a framework agreement through open tender if-  the procurement value is within the thresholds prescribed under Regulations to this Act; the required quantity goods, works or non-consultancy services cannot be determined at the time Read More …