Transcription of CHAPTER-12 PURCHASE PROCEDURE REGULATION
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CHAPTER-12 PURCHASE PROCEDURE REGULATION
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 .
12.1.4 Quotations would be invited in respect of purchases up to Rs.40000/- and limited tenders (with earnest money) would be invited for purchase beyond Rs.40000/- and up to Rs. 2.00 Lac by all the departments/ offices except the Science department which will continue to invite quotations instead of
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