Documentation of purchasing anything activity is a lengthy and hectic process in any organization, the procurement officer should need to start it from A and go through Z as per the purchasing policies.
In this article, we’ll describe the most common and easy procurement plan step by step.
Purchase
Requisition Form
Basically, the purchase requisition form is starting the
procurement from the market. The concerned section head and project manager initiate the
purchase requisition form and submit it to the procurement department for
further process.
Key parts of the purchase
requisition forms are.
Part # 1
Description and list of goods/items needed for the
project.
No, of the units
Quantity of the goods/items
Estimated unit cost
Estimated total cost
Project/section to be charged
Budget Code
Part # 2
Requestor’s Authorization with special notes
Recommendation of Supervisor
Part # 3
Financial Review/ Check budget availability
Approval from the competent authority
Submit to the procurement department
Request for
Quotations:
RFQ Serial Number
RFQ issue date & and submission dateline
Issued by (organization name and address)
Issued to (supplier name and address)
Item list as per RRF received from concern section
Evaluation Criteria (Quality of item with the lowest price)
Terms of payment (payment will be made as per rule and
tax deducted from the payment)
Important note (quotation will be applicable for the
specific time period)
Key requirements (sealed quotation in vendor’s letterhead etc.)
Vendor receipt and acknowledgment.
Comparative
Statement:
Date of evaluation
Quotations 1,2,3
Lowest quoted price with all service charges and after-sale service
Warranty period
Evaluation criteria
Maximum score
Recommendation of the evaluation committee
Purchase Order:
Purchase order #
Quotation Reference # and date
Vendor name and address
Delivery time and location
Terms and conditions
Supplier acceptance
Good
Received/Inspection Note GRN/GIN:
GRN/GIN #
Purchase order #
Date of Deliver
Invoice #
Supplier name and address
Items, Units, Quantity, Remarks, and inspection remarks
Goods/ Item received by _______________
Goods / Items Verified by ______________
Purchase Order
Register:
Purchase order # and Date
Name of Supplier
Delivery Date
Item Description
Quantity ordered, delivered, balance
Detailed
procurement plan:
Disclosure of conflict of interest
Evaluation of expression of interest
Summary of expression of interest
Pre-qualified letter
Not a qualified letter
Invite to tender letter
Tender opening sheet
Technical evaluation Report
Financial evaluation
Contract approval sheet
The stages of comprehensive procurement
procedures and steps are mentioned here above.
Hope this information will give you benefits in your procurement
plan. However, it varies the terms and
conditions in different locations and prices also may vary in terms of
procurement quantity.
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Delivery Time:
Supply of all items is required to be delivered to the community within ____6____Working days after award of contract OR as agreed on delivery time with the client.
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THIS
AGREEMENT is entered into force after the signing of both parties
Between
Agriculture Business Corporation,
(Herein referred to as the “Client”)
And
M/s ABC
Steel Corporation,
(Herein
referred to as the Supplier)
SCOPE
The supply of Steel is the prime
responsibility of the supplier. The detailed specifications of the required items
are mentioned below:
(Table – A)
|
S. No |
Particulars |
Unit |
Qty |
|
1 |
Steel Commercial 3/1
inch |
No |
|
|
2 |
Steel Commercial ½ Inch |
No |
The specifications of the
above-stated items are fixed and unchanged unless the priory is intimated from the
purchaser in writing.
Any items handed over to a nominated representative
from ABC, deviating from the specifications mentioned above will not be accepted
and the supplier will be responsible to change bearing all costs including
replacement, transportation, and any other if applicable.
MODALITIES:
The performance of the Supplier
shall be measured as the Supplier shall ensure the quality of items to be
purchased, and inspection to be done by ABC technical facilitators.
ADDITIONAL SERVICES:
The Client may ask the Supplier to
perform Additional Services / Items during the currency of this Agreement. Such
Additional Services shall be performed with the prior concurrence of both the
Parties.
TERMINATION:
The Agreement shall terminate when,
pursuant to the provisions hereof, the Provision of items on sites has been
completed and the payment of remunerations has been made.
TERMINATION BY THE
CLIENT:
The Client may, by a written notice
of thirty 05 days to the Supplier, terminate this Agreement. All accounts
between the Client and the Supplier shall be settled no later than ten 10 days
of the date of such termination.
TERMINATION BY THE
SUPPLIER:
The Supplier may suspend the
Agreement by a written notice of five (05) days only if the Supplier does not
receive payments due under this Agreement within ten (10) days of submission of
its invoice.
If the payment is still not made to
the Supplier after twenty (20) days of notice of suspension, the Supplier may
terminate this Agreement in whole or in part.
If the Agreement is terminated by
the Supplier under such circumstances, the Client shall pay, within a period of
thirty (30) days of the date of such notice of intent to terminate referred
above, all payments due to the Supplier.
FORCE MAJEURE:
The term "Force Majeure"
as employed herein shall mean acts of God, strikes, lock-out, or other industrial disturbances, acts
of public enemy, wars, blockades, insurrection, riots, epidemics, landslides, earthquakes,
storms, lightning, floods, washouts, civil disturbances, explosions, and
any other similar events, not within the control of either Party
and which by the exercise of due diligence neither party is able
to overcome.
If either Party is temporarily
unable by reason of Force Majeure or the laws or regulations to meet any of its obligations
under the Agreement, and if such Party gives to the other party written the notice,
of the event within fifteen (15) days after its occurrence, such
obligations of the Party, as it is unable to perform by reason of the event shall be suspended for as long as the inability continues.
Neither Party shall be liable to the
other Party for loss or damage sustained by such other Party arising from any event referred to
as Force Majeure or delays arising from such events.
Force Majeure shall not include insufficiency of
funds or failure to make any payment required under the agreement.
RESOLUTION OF DISPUTES:
Any dispute or difference arising
out of the Agreement which cannot be amicably settled between the Parties shall be finally settled
under the provisions of the Arbitration Act, 1940 (Act No. X of 1940) and rules made thereunder as amended
from time to time.
APPLICABLE LAWS:
The agreement shall, in all
respects, be read, and construed and shall operate in conformity with the laws and the courts at the location indicated in Appendix D, Special Conditions shall have exclusive jurisdiction for
adjudicating and interpreting the Agreement.
CONTRACT AMENDMENT:
No variation in or modifications to
the terms of the Agreement shall be made, except by a written amendment signed by the Parties
hereto.
NOTICES:
Any notice given by any of the
Parties hereto shall be sufficient only if in writing and delivered in person or through registered mail.
PAYMENT:
The Supplier shall be paid 998,100
/- PKR (Nine hundred ninety-eight thousand, and one hundred Rupees only) for
the Provision of the following Equipment (as mentioned in Table – A).
Break down of
Unit cost is stated in the below table. All applicable taxes will be deducted
at the source as per government law.
|
Sr. |
Particulars |
Units |
Qty |
Unit Cost |
Total |
||
|
1 |
MS Pipe, Dia 6 inch, 4mm thickness |
No |
1800 |
510 |
918,000 |
||
|
2 |
Flanges 12mm thickness for 6
inches pipe with 8 holes for nut bolts welded @ per 20ft pipe piece with nut
bolts M16 and rubber packing 4 mm |
No |
180 |
445 |
80,100 |
||
|
Total: |
998,100 |
||||||
Payment Distribution:
20% of the total amount is to be
paid in advance.
80% of the total amount is to be
paid after the delivery of Goods.
Supply of all items is required to be delivered to the community within ____6____Working days after award of contract OR as agreed on delivery time with the client.
Liabilities and
Penalties:
The inspection of the above-said items will
be carried out by the ABC team. An inspection report should have to be
submitted for the final payment.
ABC is authorized to impose a penalty
or terminate the contract in case of failure in delivering within a given time or any sub-standard items provided.
Signing this agreement means that
the supplier is agreed to all the terms and conditions of this agreement.
IN WITNESS WHEREOF, the Parties have executed this Agreement, in two (2)
identical
counterparts, each of which shall be
deemed an original, as of the day, month, and year first above written.
FOR AND ON BEHALF
OF FOR AND ON BEHALF OF
_________________
____________________
Project
Engineer Designation:
General Manager
Real Engineering Services
Date and Venue________________________
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