How can this scenario be prevented?
Category
Procurement
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Proper planning must be done in the preparation of the LIB and PPMP. The items to be procured as listed in the PPMP must have been budgeted corresponding amounts as stated in the LIB.
Failure to know the prevailing market price of items to be purchased
The purchase request stated that the study has set a budget in the amount of P25,000 per piece of the electronic tablet. During the bidding process, there were no offers from any supplier and the bidding failed. This is because no supplier can sell the items at that low price since the prevailing market price is at P28,000.
