PURCHASE & PROCUREMENT IN GHPL
GHPL is a PPRA complaint company and endeavors that all the company purchase and procurements are guided by PPRA Rules as amended from time to time. A Purchase Committee has specifically been established to oversee the procurement in GHPL.
PROCUREMENT POLICY GUIDELINES
The government Holdings (Private) Limited in line with the PPRA Rules, follows the following policy guidelines:
- Pakistani suppliers are to be preferred
- Goods shall be sourced directly from manufactures whenever possible
- Bids should be evaluated on the basis of best value for money rather than lowest price.
- When the same kind of goods / services is required on a regular basis, procuring agencies should negotiate framework of yearly contracts.
- Response times allowed to bidders should be as stated in the PPR-2004.
- The amount of bid security in case of Single stage envelop shall be fixed at 2% of the total bid value.
- Two envelop bidding process, purchase committee shall decide the amount of earnest money maximum up to 5% of the total estimated project cost.
- The amount of security required for performance guarantees may be up to 10% of the contract value.