Contracts and Procurement Procedure
The Contracts and Procurement Procedure (the Procedure) is a 41 page document with a description about the document, three recommended sourcing processes, the procedure assumptions and instructions on tailoring the document. The document includes a revision record, document ownership and status. The document has 13 main headings and 36 sub headings.
This Contracts and Procurement Procedure (the Procedure) sets out the fundamental processes for conducting sourcing activities at your organisation. Each process contains a step-by-step guide and reference to corresponding Promitheia documents to ensure your business is achieving best value for money when sourcing goods and / or services. This standard covers the full spectrum of running your C&P organisation, from the planning stage, pre-qualifying Suppliers, running tenders / requesting quotations, seeking internal approvals, communicating with Suppliers and awarding contracts.
The three recommended sourcing processes are determined by the estimated value and risk rating of the scope of work. Your organisation needs to set the value thresholds for each process, using the below information as a guide.
Please click the link below to see a video on the Contracts and Procurement Procedure. https://www.youtube.com/watch?v=jzy088_13p0&feature=youtu.be