Reference no: EM132839
(a) Illustrate in brief the different stages of the procurement cycle.
(b) Clarify in brief 4 objectives of a Public Procurement system.
(c) Clarify the key functions of the institutions set up by the Public Procurement Act.
"A public body shall engage in procurement planning in order to ensure that procurement is carried out within economic estimates allocated to it"
What are factors that a public body should take into account in planning procurement exercise for a main contract?
(a) Describe Direct Procurement.
(b) Describe general policy of diligence for Direct Procurement.
(a) Classify following terms used in procurement agreements-
1. Advance Payment
2. Prompt Payment
3. Early Completion Bonus
(b) List dissimilar procurement methods available for public procurement in the Act.
(c) Explain term "Bid Security".
(a) Classify the supply chain concept?
(b) Explain four types of supply chains.