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1STANDARD BIDDING DOCUMENTSProcurement of Goods (Above Nu. 0.250 Million)Royal Government of Bhutan Ministry of Finance N April 2009 (Revised July 2015)LIMITED BID Procurement reference No. LCS/Pro/OT/201617/0478
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Identify the goods needed for procurement
02
Prepare a list of specifications for the goods
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Obtain quotes from potential suppliers
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Compare prices, quality, and terms from different suppliers
05
Select the supplier that meets the requirements and negotiate the terms
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Create a purchase order detailing the goods, price, delivery terms, and payment terms
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Receive and inspect the goods upon delivery
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Process payment to the supplier

Who needs procurement of goods?

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Businesses looking to purchase goods for their operations
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Government agencies procuring goods for public services
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Non-profit organizations acquiring goods for their projects
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Procurement of goods refers to the process of purchasing or obtaining goods for a business or organization.
Generally, those responsible for purchasing goods on behalf of a company or organization are required to file procurement of goods.
To fill out procurement of goods, you typically need to provide information about the goods purchased, the vendor, the quantity, the price, and any related documents.
The purpose of procurement of goods is to track and record all purchases made by a business or organization, ensuring transparency and accountability.
Information such as the goods purchased, the vendor's information, the quantity, the price, and any related documentation must be reported on procurement of goods.
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