Railway Accounts Department Examinations

Showing posts with label Spot purchases. Show all posts
Showing posts with label Spot purchases. Show all posts

Monday, October 21, 2024

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