Spot Purchases - Stores

 

Spot Purchases - Stores

Definition:  Spot purchases are made on the spot without following the formal tendering process. It involves calling for offers through a physical visit by nominated officers to the premises of the firm.

Approval Levels

	Approval by
Limits	Stock Items	Non Stock items
Up to Rs. 25 Lakhs	PCMM	PHOD (concerned Dept)
Above Rs. 25 Lakhs	GM	GM

SPC - Spot Purchase Committee  - Level of Officers

Limits	Stores Dept	Indenting Dept	Accounts Dept
Up to Rs. 5 Lakhs	STS	STS	STS
Rs. 5 Lakhs to Rs. 40 Lakhs	JAG/SG	JAG/SG	JAG/SG
Above Rs. 40 Lakhs	SAG	SAG	SAG

• Whenever STS is not available, JTS will be nominated as Member with the approval of GM

• JTS stands for Junior Time Scale Officer 

• STS stands for Senior Time Scale Officer

• JAG stands for Junior Administrative Grade Officer

• SG stands for Selection Grade Officer

• SAG stands for Senior Administrative Grade Officer