Section 16

The Nalanda University Financial Regulations, 2013Central Regulations · 2010

(1) Procurement functions include all actions necessary for the acquisition, by purchase or lease of property, including products, goods and real estate, and of services, including works.

(2) The Finance Committee shall oversee the general observance of the Procurement Procedure of the University.

(3) All procurements shall be made by the University having regard to the following considerations, namely:—

(a) Best value for money;

(b) Fairness, economy and transparency;

(4) Every procurement order or contract with a monetary value not exceeding the financial limits specified by the University may be in writing or by electronic means.

(5) The contract referred to in sub-regulation (4) shall specify the following, namely:-

(a) nature of the product or service;

(b) quantity;

(d) period of contract;

(e) terms of delivery and payment;

(f) details of the supplier ¹Hkkx IIIµ[k.M 4º Hkkjr dk jkti=k % vlk/kj.k 23 Procedure for Procurement

Where this provision sits

Act	The Nalanda University Financial Regulations, 2013
Section	16
Jurisdiction	Central
Status	In force as published by the source

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