In the procurement structures, the Head of Procurement Entity and the Entity Tender Committee play a critical role in open and orderly procurement. The newly appointed Chief Executive of the covered entity you work for as an Accountant for years, has invited you for discussion on public procurement matters in the entity, on particularly the role of the Head of procurement entity and the Entity Tender Committee and he has advised you to come fully prepared on the subject matter. equired: As part of your preparation towards the pending invitation, prepare a brief on the role of the Head of Procurement Entity and the Entity Tender Committee in reference to the Public Procurement Act 2003 as amended. The use of single source procurement is the simplest but most risky method of procurement under the Public Procurement Act 2003 as amended. However, the method remains the most appropriate method of procurement under some exceptional circumstances under the law. equired:

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter1: The Demand For And Supply Of Financial Accounting Information
Section: Chapter Questions
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In the procurement structures, the Head of Procurement Entity
and the Entity Tender Committee play a critical role in open and
orderly procurement. The newly appointed Chief Executive of the
covered entity you work for as an Accountant for years, has invited
you for discussion on public procurement matters in the entity, on
particularly the role of the Head of procurement entity and the
Entity Tender Committee and he has advised you to come fully
prepared on the subject matter.
Required:
a) As part of your preparation towards the pending invitation, prepare
a brief on the role of the Head of Procurement Entity and the Entity
Tender Committee in reference to the Public Procurement Act 2003
as amended.
2. The use of single source procurement is the simplest but most risky
method of procurement under the Public Procurement Act 2003 as
amended. However, the method remains the most appropriate
method of procurement under some exceptional circumstances
under the law.
Required:
a) Discuss FOUR (4) exceptional circumstances under which the use of
single source procurement is acceptable under the Public
Procurement Act 2003 as amended.
Transcribed Image Text:In the procurement structures, the Head of Procurement Entity and the Entity Tender Committee play a critical role in open and orderly procurement. The newly appointed Chief Executive of the covered entity you work for as an Accountant for years, has invited you for discussion on public procurement matters in the entity, on particularly the role of the Head of procurement entity and the Entity Tender Committee and he has advised you to come fully prepared on the subject matter. Required: a) As part of your preparation towards the pending invitation, prepare a brief on the role of the Head of Procurement Entity and the Entity Tender Committee in reference to the Public Procurement Act 2003 as amended. 2. The use of single source procurement is the simplest but most risky method of procurement under the Public Procurement Act 2003 as amended. However, the method remains the most appropriate method of procurement under some exceptional circumstances under the law. Required: a) Discuss FOUR (4) exceptional circumstances under which the use of single source procurement is acceptable under the Public Procurement Act 2003 as amended.
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