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REQUEST FOR PROPOSAL TENDER NO: NCIC/RFP/563/2020PROVISION FOR CONSULTANCY SERVICES FOR THE DEVELOPMENT OF STATEGIC PLAN FOR THE NATIONAL COHESION & INTEGRATION, 2020 2025KMA CENTER, 6TH FLOOR MARA
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How to fill out provision for consultancy services

01
Identify the specific consultancy services required
02
Include a clear description of the scope of work to be performed
03
Specify the duration of the consultancy services
04
Outline the deliverables expected from the consultant
05
Define the payment terms and conditions
06
Include any confidentiality or non-disclosure agreements if applicable
07
Ensure both parties sign the provision for consultancy services

Who needs provision for consultancy services?

01
Businesses looking to improve operations or efficiency
02
Individuals seeking expert advice on a specific project or issue
03
Government entities in need of specialized knowledge or guidance
04
Non-profit organizations seeking assistance with strategic planning or fundraising
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Provision for consultancy services refers to the allocation of funds or resources that an organization sets aside to pay for future consultancy services that may be required.
Typically, businesses or organizations that anticipate needing consultancy services and want to account for these potential expenses are required to file a provision for consultancy services.
To fill out a provision for consultancy services, one must estimate the expected costs for consultancy services, document the purpose and details of the consultancy, and include the estimated total in the financial statements.
The purpose of provision for consultancy services is to ensure that an organization is financially prepared for potential costs associated with acquiring external expertise or advice.
Information to be reported typically includes the estimated amount of the provision, the nature of the consultancy services expected, and any contingencies related to the provision.
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