Question
1a) Section 40 of the public procurement Act 663 (2003), explicitly allows sole source (single - Sourcing procurement) but it appears the spirit of the
1a) Section 40 of the public procurement Act 663 (2003), explicitly allows sole source (single - Sourcing procurement) but it appears the spirit of the entire Act is "against" sole sourcing. Do you agree with the above? Justify your answer citing relevant portions of the Act to buttress your case.
Question Four (2) (a) Explain the term bidding? (b) Explain the following as applied to Government Procurement i) Tender Security ii) Performance security
(c) Explain the following terms as applied to contract: i) Lump sum ii) Unit Rate iii) Cost Reimbursement plus fee Question Five (3) Discuss the following terms as applied to the Public Procurement Act 663 (2003) now 914 (2016). Cite appropriate sections of the Act to substantiate your answer. i) Competitive Tendering ii) Two Stage Tendering iii) Single Source iv) Request for Quotations (RFQ) v) Request for Proposals (RFP)
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