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Procurement Policy Office (Established under section 4 of the Public Procurement Act 2006)(Ref: G/EPROM/LPG/0124)STANDARD FORMProcurement of Goods(LOW VALUE PROCUREMENT) (to be used for online bidding
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How to fill out low value procurement for

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How to fill out low value procurement for

01
Gather all necessary information and documentation for the procurement process.
02
Determine the specific requirements and criteria for the low value procurement.
03
Identify potential suppliers or vendors who can fulfill the requirements.
04
Prepare the request for quotation or proposal and distribute it to the selected suppliers.
05
Evaluate the received quotations or proposals based on the established criteria.
06
Select the supplier with the best offer and negotiate the terms and conditions.
07
Finalize the agreement with the chosen supplier and proceed with the procurement.

Who needs low value procurement for?

01
Small businesses or organizations with limited budgets.
02
Government agencies looking to procure goods or services quickly.
03
Non-profit organizations seeking cost-effective solutions.

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Low value procurement is used for acquiring goods and services that fall below a certain financial threshold, allowing for simpler and faster purchasing processes.
Entities that engage in purchasing goods and services that qualify as low value based on set criteria are required to file low value procurement for.
To fill out a low value procurement form, one must provide details such as the description of the goods/services, the cost, date of procurement, and relevant vendor information.
The purpose is to streamline the purchasing process, enhance efficiency, and reduce administrative burdens for smaller transactions.
Required information typically includes the item description, purchase amount, vendor details, and date of transaction.
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