Frequently Asked Questions

Procurement FAQs

Frequently Asked Questions

Tender FAQs

Frequently Asked Questions

Public awareness workshops on three new financial laws:

  • the financial administration act 2003, act (654),
  • internal audit agency act 2003, act (658), and
  • public procurement act 2003, (act 663)

How do you reconcile, a contractor who wants to guarantee for a co-contractor who has won a contract yet the latter is not financially sound to execute the contract?

That contractor will automatically loose the contract

For one who does not have ceiling or approved budget how does he prepare a procurement plan?

You can prepare your procurement plan, then after the approval of the budget you update the plan or review it.

A fundamental problem with the Law, is that we use our local currency (cedis) for the thresholds, with the inevitable inflation of our currency, has provision been made to review the values of the figures if the cedi devalues?

Yes, there is a provision

Will the procurement board be having any capacity building for the various departments?

Yes, there will be capacity building for various departments whenever necessary.

As at now many institutions have problem with inadequate funding, won’t the engagement of the services of a lawyer on the tender committees add more cost?

No it will not add more cost, but they rather save money through appropriate procurement methods.

The tender committee does not consider the District Education Officer. Why?

Because that is what the law says.

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