micro procurement definition

micro procurement means acquisition of standard and low value goods or services of the aggregate amount of which does not exceed the micro procurement threshold specified in these Regulations;
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micro procurement means small procurements within the threshold defined in the guidelines;
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micro procurement means the acquisition of a standard and low value works, services or supplies;
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More Definitions of micro procurement

micro procurement means the procurement of goods, services or works for which the value of the procurement does not exceed seventy-five thousand dollars, inclusive of taxes, duties and other charges;
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Related to micro procurement

  • e-Procurement means the use of information and communication technology (especially the internet) by the Procuring Entity in conducting its procurement processes with bidders for the acquisition of goods (supplies), works and services with the aim of open, non discriminatory and efficient procurement through transparent procedures;

  • Mis-procurement means public procurement in contravention of any provision of Sindh Public Procurement Act, 2010, any rule, regulation, order or instruction made thereunder or any other law in respect thereof, or relating to, public procurement;

  • Procurement Plan means the Recipient’s procurement plan for the Project, dated April 2, 2010, and referred to in paragraph 1.16 of the Procurement Guidelines and paragraph 1.24 of the Consultant Guidelines, as the same shall be updated from time to time in accordance with the provisions of said paragraphs.

  • Sole source procurement means a procurement without competition pursuant to a determination under Subsection 63G-6a-802(1)(a) that there is only one source for the procurement item.

  • Procurement means the purchasing, buying, renting, leasing, or otherwise obtaining of any supplies, services, or construction. It includes all functions that pertain to the procurement of any supply, service, or construction item, including description of requirements, selection and solicitation of sources, preparation and award of contract, and all phases of contract administration;