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Procurement Process

Procurement process
MBM college uses the process of procurement in collaborative system. The Store Management/Account Section asks respective departments to determine their needs and propose appropriate vendors that can offer the needed goods and services as quickly and as economically as possible without compromising the quality. The best goods and services in terms of quality and rate are selected. After a written contract or purchase order is made with the authorization of the college, contracts are executed for purchase.
All purchases in excess of five lakhs need solicitation of tenders and purchases less three lakhs may be made after solicitation of firm quotations in printed form from at least three dealers.

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