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MANUAL ON POLICIES AND PROCEDURES FOR PURCHASE …

MANUAL ON POLICIES AND PROCEDURES FOR PURCHASE OF GOODS Table of Contents 1 PREAMBLE 1 2 OBJECTIVES AND POLICIES OF PURCHASE 8 3 GENERAL PRINCIPLES OF ENTERING INTO CONTRACTS 14 4 SPECIFICATION AND ALLIED TECHNICAL PARTICULARS OF GOODS 27 5 SOURCES OF SUPPLY AND REGISTRATION OF SUPPLIERS 30 6 MODES OF PURCHASE , RECEIPT AND OPENING OF TENDERS 36 7 EARNEST MONEY AND PERFORMANCE SECURITY 50 8 DELIVERY PERIOD, TERMS OF DELIVERY, TRANSPORTATION, TRANSIT INSURANCE, DELAY IN SUPPLY, CANCELLATION OF CONTRACT 53 9 ELEMENTS OF PRICE AND TERMS OF PAYMENT 66 10 QUALITY CONTROL AND INSPECTION OF ORDERED GOODS 78 11 EVALUATION OF TENDERS, FORMULATION OF PURCHASE PROPOSALA

iii) Tender Enquiry Document, Tender Document, Bidding Document. (Meaning: a detailed document issued by the purchaser specifying his needs and the requirements that a potential tenderer/bidder must meet). iv) Notice Inviting Tenders, Invitation for Bids (Meaning: advertisement containing brief details of the requirement).

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