Administration Manual - B.E.S.T. Undertaking.

Sr.
No.
Nature of Power Officer to
whom
Powers are
delegated
Conditions and limitations.
1 2 3 4
CMM/Dy.CMM/MM is required
to be obtained, except if the
offers are overlooked for the
reason of non-acceptance of
com-mercial conditions by the
9. Entering into contract
under Section 460 K of
MMC (Amendment) Act,
1999 for the purchase of
materials / execution of
contracts.
Materials
Management
Officer.
tenderer.
Any acceptable offer/s upto
Rs.10,000/- in value in each
instance, subject to pre-audit.
However, if offer of any of the
tenderer is to be overlooked
altogether for any reason
whatsoever, approval of the
CMM/Dy. CMM/MM is required
to be obtained, except if the
offers are overlooked for the
reason of non-acceptance of
com-mercial conditions by the
tenderer.
The officers listed above are empowered to decide entire contractual
transactions, which includes granting extension in delivery period,
levying Liquidated Damages, closing of oder with or without Risk
Purchase or without Liquidated Damages, Quantity variation and
AGM(M) will be empowered to deal with the above stated transactions
exceeding Rs.3,00,000/- as per the accepted terms and conditions by
the authority concerned subject to pre-audit.
3.8.2 The following Sections of the MMC Act, 1888 as amended upto date,
applicable to the Undertaking in the matter of Stores transactions need
to be borne in mind and paid heed to;
67 (a) and (b)
68 (b)
86
460 K (a to e), L, M, N, Q
517
591