CHAPTER-12 PURCHASE PROCEDURE REGULATION

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CHAPTER-12 _____________________________________ PURCHASE PROCEDURE REGULATION The following PURCHASE PROCEDURE in the University has been recommended as detailed below: Definition of Goods (a) The definition goods includes all articles, material, commodities, livestock, furniture, fixtures, raw material, spares, instruments, machinery, equipments, industrial plant etc., purchased of otherwise acquired for the use of Institute but excludes books, publications, periodicals, etc. for a library. (b) Every PURCHASE case should be initiated on receipt of a written requirement/ requisition, with detailed specification. PURCHASE PROCEDURE The University may follow either of the two procedures given in this chapter viz. (i) Non- Centralized PURCHASE PROCEDURE . or (ii) Centralised PURCHASE PROCEDURE . (i) Non- Centralized PURCHASE PROCEDURE Inviting Quotations/ Tenders All the PURCHASE of material and services (except as in Clause & below) will be made through the normal PURCHASE PROCEDURE indicated as under:- (i) Exceeding Rs.

(ix) Any other approved sources approved from time to time. 12.3 Standing Purchase Committee 12.3.1 The Vice- Chancellor of the University shall appoint Central/ Standing Purchase Committee for the purchase of store items. FUNCTIONS: (a) This Committee shall act for purchase of articles in bulk i.e. valuing Rs.50000/- and above

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