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DISC Yokosuka Justification & approval for micropurchase (Aug 2009)FAR 13.2, DEARS 213.270 NAVSUPINST 4200.85D NAVSUPINST 4200.99Justification and Approval for Micropurchase Procurement In accordance

How to fill out micro-purchase procurement

How to fill out micro-purchase procurement

1. To fill out a micro-purchase procurement form, follow the steps below:
2. Start by gathering all the necessary information and documents related to the procurement.
3. Include the description and specifications of the required goods or services.
4. Determine the estimated value of the procurement.
5. Research potential suppliers or contractors who can fulfill the procurement.
6. Contact the selected suppliers or contractors to inquire about their availability and pricing.
7. Once you have received the necessary information from the suppliers or contractors, evaluate their proposals.
8. Select the most appropriate supplier or contractor based on their proposal, pricing, and qualifications.
9. Prepare a purchase order that includes all the necessary details such as the supplier's or contractor's information, the description of the goods or services, the quantity, the price, and the delivery timeline.
10. Review and verify the purchase order for accuracy before finalizing it.
11. Share the finalized purchase order with the selected supplier or contractor.
12. Monitor the procurement process and ensure that the goods or services are delivered as agreed.
13. Upon receipt of the goods or completion of the services, review and inspect them to ensure they meet the required standards.
14. Process the payment to the supplier or contractor according to the agreed terms and conditions.
15. Keep a record of the procurement process, including all documents and correspondence, for future reference and auditing purposes.

Who needs micro-purchase procurement?

1. Micro-purchase procurement is needed by organizations or individuals who have a requirement for goods or services of low value.
2. This type of procurement is commonly used when the estimated value of the purchase is below a certain specified threshold, which varies depending on the organization's policies and regulations.
3. Micro-purchase procurement is often used for non-complex and routine purchases, where the procurement process can be simplified and expedited.
4. Government agencies, educational institutions, research organizations, and small businesses are examples of entities that may utilize micro-purchase procurement.
5. It provides a streamlined and efficient way to acquire the necessary goods or services without the need for complex bidding processes or extensive contract negotiations.

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What is micro-purchase procurement?

Micro-purchase procurement is the acquisition of goods or services using simplified acquisition procedures for purchases below a certain threshold set by the government.

Who is required to file micro-purchase procurement?

Government agencies or departments that make purchases below the threshold set for micro-purchases are required to file micro-purchase procurement.

How to fill out micro-purchase procurement?

Micro-purchase procurement can be filled out using a specified form provided by the government agency conducting the procurement.

What is the purpose of micro-purchase procurement?

The purpose of micro-purchase procurement is to streamline the process of acquiring small-value goods or services in an efficient and cost-effective manner.

What information must be reported on micro-purchase procurement?

Information such as the vendor name, purchase amount, date of purchase, and description of goods or services acquired must be reported on micro-purchase procurement.