The following procedure for obtaining tenders shall be followved. Tenders should be obtained :
() by advertisement (open tenders);
(ü) by direct invitation to a limited number of firms (Limited tender);
(ii) by invitation to one firm only (Single tender);
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(iv) by negotiation.
Single Tender system may be adopted in the case of small orders, the total value of which does not exceed Rs. 500/-. The limited tender system may however be followed, when the estimated value of the purchase is less then Rs. 10,000/-.
Open tender system i.e. invitation to tender by public advertisement should be used for purchase of Rs. 10,000/- or over. Negotiations can be made through a Committee in consultation with the Officer authorised to countersigned the grant-in-aid bill.
153 Raj. Non-Govt. Educational Institutions Rules, 1993