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IE5PROCUREMENT OF GOODS THROUGH REQUEST FOR QUOTATION (RFQ)/SHOPPING PROCEDURES 04/TN CAMP/AGRA/CUD/GOODS/CELLAR/P1/2021(For Contracts valued less than the equivalent of US $10,000 each)AUGUST 2020iiREQUEST
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Procurement policy by-law is a set of guidelines and regulations governing the purchasing process within an organization.
All organizations, including government agencies and private companies, are required to file a procurement policy by-law.
Procurement policy by-law can be filled out by detailing the organization's procurement procedures, rules, and regulations.
The purpose of procurement policy by-law is to ensure transparency, fairness, and efficiency in the purchasing process.
Information such as procurement procedures, budget allocation, vendor selection criteria, and conflict of interest policies must be reported on procurement policy by-law.
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