Section 40: Provision Relating to Sealed Quotation

1) The threshold of the amount of the goods, construction work or other services that can be procured through sealed quotation shall be as prescribed.

2) Before inviting a sealed quotation, a form of sealed quotation stating clearly therein the specifications, quality, quantity, terms and conditions of supply, time, and other necessary matters of the goods, construction work or other services to be procured shall have to be prepared.

3) In inviting a sealed quotation, a notice shall be published in a national or local level newspaper, giving a period of at least fifteen days.

4) The sealed quotation, once submitted, cannot be withdrawn or amended.

5) The lowest evaluated sealed quotation falling within the cost estimate after fulfilling the terms and conditions under sub-section (2) shall have to be approved.

6) Other provisions of the sealed quotation shall be as prescribed.