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Michigan Department of Transportation. 3140 (03 8). WRITTEN RECORD OF PROCUREMENT HISTORY ... Retain this form in your procurement file. Page 1 of2. Your procurement file is your diary explaining
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How to fill out written record of procurement

How to fill out a written record of procurement:
01
Start by clearly identifying the purpose of the procurement. This could be the acquisition of goods, services, or works for a specific project or organizational need.
02
Include the date and time of the procurement. This helps establish a timeline and ensures accuracy in recording the procurement process.
03
Provide detailed information about the procured item or service. Include specifications, quantities, quality requirements, and any other relevant details that describe what is being procured.
04
Identify the supplier or contractor involved in the procurement. Include their name, contact information, and any relevant identification numbers.
05
Clearly mention the agreed price or terms of the procurement. This includes the cost, payment schedule, and any additional terms and conditions that both parties have agreed upon.
06
Record any specific delivery or performance requirements. This includes deadlines, milestones, or any other conditions that need to be met by the supplier or contractor.
07
If applicable, mention any warranties or guarantees associated with the procured item or service. This will help ensure that there is clarity regarding any potential liability or maintenance obligations.
08
Include a section for signatures from both the buyer and the supplier or contractor. This confirms that both parties have reviewed and agreed to the contents of the written record of procurement.
Who needs a written record of procurement:
01
Organizations involved in procurement processes, such as companies, government agencies, or non-profit organizations, need a written record of procurement. This helps maintain transparency, accountability, and compliance with procurement regulations.
02
Individual departments within organizations may also require a written record of procurement to track their own procurement activities, maintain records for audits, or assess the performance of suppliers or contractors.
03
Regulatory bodies, governing authorities, or auditors may request access to written records of procurement to ensure compliance with procurement laws, policies, and procedures.
Overall, a written record of procurement is essential for maintaining transparency, accountability, and compliance in procurement processes. It serves as a documented evidence of the procurement activities and helps organizations and stakeholders in assessing the effectiveness and efficiency of their procurement practices.
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