Finance Ministry reworks manual for goods procurement by govt
Various government organisations procure a wide variety of goods and services and undertake execution of works in keeping with their duties and responsibilities.

Various government organisations procure a wide variety of goods and services and undertake execution of works in keeping with their duties and responsibilities.
Over the last few years, the government has issued new instructions in the domain of public procurement, including introduction of Central Public Procurement Portal (CPPP), Government e-Marketplace (GeM) and preferential market access for micro and small enterprises, among others.
The Department of Expenditure under the ministry in 2006 had prepared a set of three manuals on policies and procedures for procurement of goods, works and hiring of consultants.
The ministry said the general financial rules (GFR) were revised comprehensively in March 2017 and consequently the 'Manual of Procurement' too has been revised after a decade.
"The new Manual on Procurement of Goods has been extensively revised in keeping with GFR 2017 and in consonance with the fundamental principles of transparency, fairness, competition, economy, efficiency and accountability," said Finance Secretary Ashok Lavasa in the foreword section of the manual.
The manual among other things describes product reservation and preferential or mandatory purchase from certain sources; formulation of technical specifications; supplier relationship management and code of integrity.
Lavasa expressed confidence that the manual will bring about greater transparency and predictability in government procedures and help in improving the ease of doing business with the government.
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.