Financial Procedure
 

 

FINANCIAL PROCEDURE
PURCHASE OF EQUIPMENT / ITEMS / DIRECTION OF WORK / SERVICES

PROCEDURE

  • As at RM 1,000
  • Retail purchases
  • RM 1,001 – RM 3,000
  • Oral quotation followed by written
  • A minimum of 3 companies from the list of suppliers
  • RM 3,001 – RM 10,000
  • A minimum of 5 quotations called
  • A minimum of 3 quotations received from companies from the list of suppliers

  *  Approved by General Manager

 

 

 

PROCEDURE

  Range

  ≤ RM 10,000 – RM 50, 000

 

  Authorised Party

 

  • Recommended by the General Manager / CEO
  • Approved by the Quotation Board of the Company proposed as follows:
  • Chairman - 1 member of The Board of Directors
  • Members  - 2 members of The Board of directors

 

  Purchasing Procedures

 

  • Quotation (Minimum 5)

 

 

PROCEDURE

  Range

  ≤ RM 50, 000 – RM 200,000

 

 

  Authorised Party

 

  • Call for quotation
  • Approved by Quotation Board / Company Board
  • Inform Company Board

  RM 200,001 and above

 

  • Call for Tender
  • Approved by  Tender Board / Company Board
  • Inform Company Board