Procurement Policy

PROCUREMENT POLICY Table of Contents 1. GENERAL 2. machination 3. SCOPE 4. purchase ORDER AUTHORITY LIMITS 5. AUTHORITY FOR committal OF COMPANY cash in hand 6. PURCHASING character RESPONSIBILITIES AND AUTHORITY 7. SUPPLIER QUOTATIONS 8. TENDER valuation COMMITTEE 8.1 paygrade of Single Bidder 8.2. Waiver of provides 8.3. Conflict of recreate 8.4. Eligibility to Submit Tenders 8.4.1 fraternity by affiliates or subsidiaries 8.4.2 Provision of goods and work and related run 8.4.3 Non-competitive (single-source) tender purchases 9. AWARD OF CONTRACTS 10. DIRECT step forward placed RATE CONTRACTS 11. GIFTS FROM VENDORS 12. PERSONAL PURCHASES 13. EXECUTION OF PURCHASE ORDERS 14. hire hurt 15. VARIATION OF PAYMENT TERMS 16. PERFORMANCE REQUIREMENTS 17. EXCEPTIONS 18. AUTHORITY vigilant By : IMKhan ABBREVIATION CM VC DIR ITEM DESCRIPTION prexy Executive Management Team (ETM) sin Chairman Directors SMT major(postnominal) Management Team (Hea d Of Departments) Financial ascendency Inventory ascendance Procurement Manager Internal attendee A sign(a) order issued to a PO Purchase Order supplier of goods or overhauls, signed by a designated real omnibus of the Company.

A signed prayer by a designated OR Order Request real officer of the connection, issue to the buy 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 congress to providing goods or services. Usually furnished at the request of a potential customer A comm ittee comprising researcher / QEC Tend! er Evaluation Committee / Quotation Evaluation Committee designated authorised come with officers to review competing tenders and to make recommendations on a interchangeable supplier based on all the information provided and the companys purchasing policy Prepared By : IMKhan  ramifications Length Basis In instances where the parties to a de jure binding balance are...If you want to get a ripe essay, order it on our website: OrderCustomPaper.com

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