Question

In: Accounting

Public Procurement Act 2003 Act 663 and Public Procurement Amendment Act 2016, Act 914 specify method...

Public Procurement Act 2003 Act 663 and Public Procurement Amendment Act 2016, Act 914 specify method of procurement. One way of procuring is by the use of sole sourcing also referred to as single source procurement method.Required:Explain the term “sole sourcing” and outline the conditions required for the use of single source procurement method. A) Explain the following types of Public Private Partnerships(PPPs)i. Build, Operate and Transfer (BOT)ii. Build, Operates and Own(BOO)iii. Leasingiv. Private Finance Initiative (PFI)v. Concession

Solutions

Expert Solution


Related Solutions

Explain five possible reasons accounting for the public procurement act in addressing procurement related corruption in...
Explain five possible reasons accounting for the public procurement act in addressing procurement related corruption in the public sector
BUSINESS CASE: THIS IS BUSINESS In recent years, because of the Public Procurement Act, District Assemblies...
BUSINESS CASE: THIS IS BUSINESS In recent years, because of the Public Procurement Act, District Assemblies have been given the authority to award contracts on certain projects, which do not cost more than 150 million cedis. In view of this, at the District where I work, the Assembly was to construct three markets, at 150 million cedis per project. However, the law is that before such contracts are awarded, they should be made known to the general public by advertising...
QUESTION 1 BUSINESS CASE: THIS IS BUSINESS In recent years, because of the Public Procurement Act,...
QUESTION 1 BUSINESS CASE: THIS IS BUSINESS In recent years, because of the Public Procurement Act, District Assemblies have been given the authority to award contracts on certain projects, which do not cost more than 150 million cedis. In view of this, at the District where I work, the Assembly was to construct three markets, at 150 million cedis per project. However, the law is that before such contracts are awarded, they should be made known to the general public...
In the 1992 Constitution and the financial laws [Public Financial Management Act 2016 (Act 921)] of...
In the 1992 Constitution and the financial laws [Public Financial Management Act 2016 (Act 921)] of Ghana, was introduced to ensure that Public Funds and resources are properly safeguarded and used economically, efficiently effectively and with due propriety. Required: Discuss how the systems put in place that are helping to confirm the above position or otherwise.
Section 83(3) of the Public Financial Management Act, 2016, Act 921 states that the Internal Auditor...
Section 83(3) of the Public Financial Management Act, 2016, Act 921 states that the Internal Auditor of a covered entity shall provide assurance on the efficiency, effectiveness and economy in the administration of the programmes and operations of the covered entity. The following information was extracted from a covered entity for the month of December, 2017: a) Machine Capacity – Monthly Output of    10,000 units b) Maximum Market Demand for the month               6,000 units c) Actual Production for the month     ...
Section 83(3) of the Public Financial Management Act, 2016, Act 921 states that the Internal Auditor...
Section 83(3) of the Public Financial Management Act, 2016, Act 921 states that the Internal Auditor of a covered entity shall provide assurance on the efficiency, effectiveness and economy in the administration of the programmes and operations of the covered entity. The following information was extracted from a covered entity for the month of December, 2017: a) Machine Capacity – Monthly Output of 10,000 units b) Maximum Market Demand for the month 6,000 units c) Actual Production for the month...
PROCUREMENT METHOD There are a number of different types of procurement routes available for clients to...
PROCUREMENT METHOD There are a number of different types of procurement routes available for clients to select. Each different type of procurement (Traditional, Design and Build, Construction Management, etc) has its own advocates and inherent strengths and weaknesses. Describe in detail the most suitable procurement to be used based on the scenario below. “An experienced business client intends to construct a building to accommodate the research and development activities of his organisation. The technically complex nature of the project requires...
Discuss implications of financial planning on public procurement.
Discuss implications of financial planning on public procurement.
1. What are the purposes of the amendment in REA1967 - Registration of Engineers Act 1967...
1. What are the purposes of the amendment in REA1967 - Registration of Engineers Act 1967 (Revised 2015). List at least FIVE purposes. [10 marks] 2. What are the differences between Professional Engineer and Professional Engineer with Practising Certificate as mention in REA 1967 ? [10 marks]
do you think an amendment would be a good idea or a whole new Act?
do you think an amendment would be a good idea or a whole new Act?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT