Value for Money

For procurement of goods /services in excess of $5,000.00, at least 3 bids/quotations should be obtained (unless a case is made out for sole select) and award/recommendation for award made on the basis of objective criteria – compliance with requirements, cost, delivery time etc. Where the cost is equal to or exceeds $5,000.00 approval for award is to be granted by the Board. Under $5,000.00, approval is to be granted by 2 of the Officers of TTTI.

Duration

Service contracts should be for periods not greater than a year or the term of the contract under which any funding may be provided; exception being employed staff.

Transparency

Circulation of contracts signed to Board at monthly meetings or otherwise.

Accountability

Subject to Delegation of Authorities Guidelines (DOAG), final approval by Board and two signatures of Officers on all contracts. All contracts should be lodged at the office of TTTI.

Value for Money For procurement of goods /services in excess of $5,000.00, at least 3 bids/quotations should be obtained (unless a case is made out for sole select) and award/recommendation for award made on the basis of objective criteria – compliance with requirements, cost, delivery time etc. Where the cost is equal to or exceeds […]
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Value for Money For procurement of goods /services in excess of $5,000.00, at least 3 bids/quotations should be obtained (unless a case is made out for sole select) and award/recommendation for award made on the basis of objective criteria – compliance with requirements, cost, delivery time etc. Where the cost is equal to or exceeds […]
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