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An Analysis Of The Procurement Reforms Act As A Tool For Cost Savings And Accountability In Krpc
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1.6 Research Questions
i) What are the risks associated with the non-implementation of Procurement Reforms Act in KRPC?
ii) How does the non-implementation of the Procurement At affect the organization?
iii) What are the factors responsible for the non-implementation of the Procurement Reform Act?
iv) What are the remedies for solving these problems?
1.7 Definition of Terms
- Procurement: Means purchasing and/or supplies.
- Supplier: This is the term used to describe a seller of goods or items in a given place.
- Inventory: This refers to the list of goods or items in a given place.
- Quotation: Is a list showing the prices of items.
- Purchase Order: It is an order in a printed firm to transmit the company’s requirement to supplies.
- Negotiation: Is a term used to arrive at a final and reasonable price.
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Specification: This is the information by the buyer to supplier
indicating descriptions dimension and analysis performance of a product.
- Public Procurement: Means the acquisition by means of goods, works or services.
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Efficiency: Means the ability to minimize the use of resources in
achieving organization’s objectives i.e. doing the right thing.
- Effective: Means producing the result that is wanted or intended.
- Due Process: Is a mechanism for ensuring strict compliance to rules and procedures that should guide contract award.
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BMPIU: Budget Monitoring and Price Intelligent Unit. This is the unit
tasked with implementing Nigeria’s public procurement reform programmes.
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