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Social Security System East Avenue, Dalian, Quezon CityPHILIPPINE BIDDING DOCUMENTS Fifth Edition October 2016Procurement of GOODS PURCHASE OF MEDICAL SUPPLIES AND VARIOUS FURNITURE AND EQUIPMENT ITBSSSGoods2020028Government

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What is small value procurement?

Small value procurement refers to the process of acquiring goods and services with a relatively low monetary value, typically following simplified procedures to promote efficiency and reduce administrative costs.

Who is required to file small value procurement?

Entities or individuals who engage in small value procurement activities, often including government agencies and certain businesses, are required to file small value procurement.

How to fill out small value procurement?

To fill out small value procurement, one must complete the necessary forms or documentation, providing details such as the items or services being procured, estimated costs, and any relevant compliance information.

What is the purpose of small value procurement?

The purpose of small value procurement is to streamline the purchasing process for low-cost goods and services, allowing for quicker transactions and minimizing the bureaucratic burden.

What information must be reported on small value procurement?

Information that must be reported includes the description of the goods or services, total cost, vendor details, procurement method used, and any relevant justification for the procurement.

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