Professional Documents
Culture Documents
MANAGEMENT
AN
AGREEMENT
ENFORCEABLE BY LAW IS
A CONTRACT
Types of Contracts
Purchase order for stores, spares or equipment
Rate Contract
Service Contract
Annual Maintenance Contract
Works Contract
Consultancy Contract
Constitutional Provisions
ACCEPTANCE OF CONTRACT
AMMENDMENT TO CONTRACT
TERMINATION OF CONTRACT
Contract may be terminated when :1.
2.
3.
4.
Only
Acceptance of necessity
Determining the mode of tendering
Vetting of draft tender enquiry
Maintenance of Register of approved vendors
Issue of GTE/OTE/LTE/PAC
Tender Opening
Scrutiny and preparation of CST
Technical Evaluation Committee/ Tender Purchase Committee
Price Negotiation Committee
13
Contd..
FAILURE OF CONTRACTS
Failure in
implementation..common areas
Outcome:
Supplier may fail to comply
Retendering would be required
Loss of valuable time
requirements not
appropriately specified
Information on technical upgradation
availed from vendors
Shortcoming in the tender document
leaves scope for misinterpretation
of sufficient knowledge of
General Financial Rules and
procurement manual
Oversight
clauses
Violation
in incorporation of relevant
Suggested Remedies
Adequate focus at the time of drafting
tender document
Clarity of purpose
Legal safeguards to be incorporated
Vendors interests also should be
safeguarded
Responsibility centres to be identified
Processing for payment in prescribed time
frame
Contd.
Contd..
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