Procurement is the process of a company to acquire goods and services. Involving several steps from planning to bidding, negotiations and deliverances of services. The prime focus is on getting the best purchase as per the requirement of the company while characteristically maintaining transparency and accountability so as to follow the principles of good governance.
Section 2(a) of PPA, “Procurement” means acquisition of any goods, consultancy services or other services or carrying out or causing to be carried out any construction works, by a public entity pursuant to public procurement act.
Section 2(c) of PPA, “Goods” means goods of any kind, whether movable or immovable, living or non-living, and this term also includes services incidental to the supply of such goods.
Section 2(e) of PPA, “Consultancy services” means any study, research, survey, design, drawing, supervision, training, testing, software development service or other intellectual or professional service of similar nature.
Section 2(f) of PPA, “Other Services” means the act of hiring motor vehicles, equipment or goods, carriage or repair and maintenance of goods.
Sec 2(g) of PPA, “Bid” means a document setting out price, proposal or rate submitted by a bidder in the format specified by a Public Entity as per the notice published by that entity for procurement.
"With the court order, notice of all the public procurements must be published in national and international newspapers. A division bench of Justices Sushma Lata Mathema and Abdul Ajij Musalman had ruled the directive cannot supersede any Act. The Act says the notice of the national level bidding must be published in a national newspaper while the one related to the international bidding must be published in an international newspaper."
The government is preparing to extend the contracts of projects that have failed to complete the work on time. The government has approved the 13th amendment to the Public Procurement Regulation, 2080, and has legally opened the way to extend the deadline for projects that contractors have not completed on time. The government reportedly amended the regulations under pressure from construction entrepreneurs.
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