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CORPORATE SERVICES SECTOR / PROCUREMENT MANAGEMENT SUBSECTION PROCUREMENT MANAGEMENT DEPARTMENT REQUEST FOR QUOTATION 1st Extension Negotiated Procurement Small Value Procurement [Project Identification

How to fill out small value procurement project

How to fill out small value procurement project

1. Identify the need for the procurement project.
2. Determine the budget and set the threshold for a small value procurement project.
3. Develop a scope of work or specifications for the project.
4. Identify potential suppliers or vendors who can provide the required goods or services.
5. Prepare and issue a request for quotation (RFQ) or invitation to bid (ITB) to the selected suppliers.
6. Evaluate the quotations or bids received based on criteria such as price, quality, and delivery time.
7. Select the supplier with the best offer and negotiate terms if necessary.
8. Award the contract to the selected supplier and ensure all necessary documentation is in place.
9. Monitor the progress of the procurement project to ensure timely delivery and quality of goods or services.
10. Close out the project and evaluate the performance of the supplier.

Who needs small value procurement project?

1. Small businesses or organizations with limited budgets who need to purchase goods or services.
2. Government agencies or departments tasked with procuring low-cost items quickly and efficiently.
3. Non-profit organizations or charities looking to acquire supplies or services without extensive procurement processes.

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What is small value procurement project?

Small value procurement project refers to a procurement process that allows for the acquisition of goods, services, or works with a total value below a certain threshold, typically set by the organization or government.

Who is required to file small value procurement project?

The individuals or departments responsible for procurement within an organization are usually required to file small value procurement projects.

How to fill out small value procurement project?

Small value procurement projects can be filled out by providing details such as the procurement item, quantity, estimated cost, and justification for selecting the specific supplier or contractor.

What is the purpose of small value procurement project?

The purpose of small value procurement projects is to streamline the procurement process for low-value acquisitions, making it more efficient and cost-effective.

What information must be reported on small value procurement project?

Information such as the procurement item, quantity, estimated cost, supplier or contractor details, and justification for selection must be reported on small value procurement projects.