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Procurement Policy Office (Established under section 4 of the Public Procurement Act 2006)Ref: W/EPROM/LAW/1223STANDARD FORMProcurement of Works(Low Value Procurement)(to be used for online bidding

How to fill out low value procurement for

How to fill out low value procurement for

1. Determine the value threshold set by your organization for low value procurement.
2. Gather the necessary documents and information required to fill out the procurement form, such as details about the required goods or services, estimated cost, and duration.
3. Start by entering the basic information about your organization, such as its name, address, and contact details.
4. Provide a clear description of the goods or services you require, including specifications, quantity, and any special requirements.
5. Indicate the estimated cost for the procurement, ensuring it falls within the defined low value threshold.
6. Specify the desired duration for the procurement process, including the deadline for submitting bids or proposals.
7. Clearly define the evaluation criteria you will use to select the winning bidder, such as price, quality, and past performance.
8. Include any additional terms and conditions that bidders must comply with or any supporting documents they need to provide.
9. Review the filled-out form for accuracy and completeness before submitting it for approval.
10. Once approved, publish the low value procurement opportunity, notifying potential bidders through appropriate channels.

Who needs low value procurement for?

1. Any organization or entity that has a need for relatively low-value goods or services can benefit from low value procurement. This can include businesses, government agencies, non-profit organizations, educational institutions, and more. The specific thresholds for what qualifies as 'low value' may vary depending on the organization's policies and regulations.

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Low Value Procurement for Other Services(Ref - ppo govmu template instructions

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What is low value procurement for?

Low value procurement is typically used for acquiring goods and services that fall below a certain monetary threshold, allowing for simplified purchasing procedures.

Who is required to file low value procurement for?

Organizations, businesses, or individuals who engage in purchasing goods and services that qualify as low value procurement are required to file.

How to fill out low value procurement for?

To fill out low value procurement forms, one must provide details such as the description of the goods/services, the amount spent, and any relevant vendor information, while following the specific instructions provided by the governing body.

What is the purpose of low value procurement for?

The purpose of low value procurement is to streamline the purchasing process for smaller transactions, ensuring efficiency and reducing administrative burdens.

What information must be reported on low value procurement for?

The information typically required includes the item description, quantity, transaction amount, vendor information, and the date of purchase.