Public Procurement and Contract Management

PSAF – Nov 2023 – L2 – Q3c – Public Procurement and Contract Management

Details provisions and penalties under Financial Regulations to prevent and address delays in contract payments.

Question

i. Identify TWO provisions of Financial Regulations which guide against the delay in contract payments. (3 Marks)

ii. Enumerate TWO punishments each that can be meted out to a government official and a legal person in case of delay in payment of contracts executed. (4 Marks)

Answer

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Tags: Contract Payment Delays, Financial Regulations, Government Contracts, Penalties, Public Sector Accounting
Level: Level 2

Topic: Public Procurement and Contract Management

PSAF – Nov 2023 – L2 – Q3b – Public Procurement and Contract Management

Prepare journal entries to record revenue, expenses, and payments for a healthcare construction project.

Question

Based on the budget of Azare Federal Ministry of Health and Wellbeing (AFMHW), a contract to construct 5 units of Primary Healthcare Centres (PHC) in each of the six (6) geo-political zones to address malaria, infant deaths, and years of neglect in prioritizing primary healthcare and well-being of the citizens was signed with Alaafia Construction Company. This contract was at the cost of N12,250,200 per unit, with a 2-year contract duration and no variation clause.

A valuation certificate was submitted at the end of year one, which showed that over 60% of the contract has been executed, while N294,004,800 has been estimated to have been spent on the project since inception. There were also indications that the office of AFMHW has paid the contractor a total sum of N244,100,000.

Required:

Prepare journal entries to record the above transactions. (4 Marks)

Answer

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Tags: Contract Expenses, Healthcare Construction, Journal Entries, Revenue Recognition
Level: Level 2

Topic: Public Procurement and Contract Management

PSAF – Nov 2023 – L2 – Q3a – Public Procurement and Contract Management

Describes the procurement process for consultancy services, virtual library items, and branded office supplies under BPP guidelines.

Question

Describe the procurement process for each of the following three items as specified in the Procurement Act, 2007 and the subsequent guidelines issued by the Bureau of Public Procurement (BPP), given that appropriations were made in the current budget of the Federal Government of Azare:

i. Consultancy Services Worth N99 Million (3 Marks)
ii. Procurement and Installation of Sundry Items for Virtual Library in Federal Government Secondary Schools, Including Construction of Building Facilities Worth N958 Million (3 Marks)
iii. Supply of Branded Envelopes, Files, and Letterheads Worth N4.2 Million (3 Marks)

Answer

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Tags: BPP, Government Contracts, Procurement Process, Public Procurement Act 2007
Level: Level 2

Topic: Public Procurement and Contract Management

PSAF – MAY 2019 – L2 – Q4 – Public Procurement and Contract Management

Discuss bidding documents, principles of public procurement, and methods for special and emergency procurement as outlined in the Public Procurement Act 2007.

Question

An anonymous group believed to be members of staff of a Reserve Centre wrote a petition to the Economic and Financial Crimes Commission (EFCC) against Mr. Lagbaja Temedu, the chief executive officer (CEO) of the Maximum Food Reserve Storage Centre. He was alleged to have violated the procurement rules in the award of contract to X-Bar Limited for the supply of twenty (20) SUV vehicles for N210million to his department. On getting hint of the petition, the chief executive officer called a meeting of senior members of staff and educated them on contracts awarded by the department. He said that the contract was awarded by a tender‟s board of the department of which he was the chairman. As for contracts awarded, including the present contract, invitations were published in national newspapers inviting contractors to tender for such supplies. Provision to procure the vehicles was made in the budget approved for the year. He further stated that all laid down procedures had been followed in the award of and payment for this contract.

You are required to:

a. State five documents that a contractor should possess and forward in bidding for a contract. (5 Marks)

b. Identify five basic fundamental principles of procurement in the award of contract in a government department in accordance with Public Procurement Act 2007. (5 Marks)

c. Explain briefly the basic steps to follow as outlined in the Public Procurement Act 2007 for: i. Special and restricted methods of procurement (6 Marks) ii. Emergency procurement (4 Marks)

Answer

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Tags: Bidding Documents, Emergency Procurement, Procurement Principles, Public Procurement, Special Procurement Methods, Tender Process
Level: Level 2

Topic: Public Procurement and Contract Management
Series: MAY 2019

PSAF – Nov 2023 – L2 – Q3c – Public Procurement and Contract Management

Details provisions and penalties under Financial Regulations to prevent and address delays in contract payments.

Question

i. Identify TWO provisions of Financial Regulations which guide against the delay in contract payments. (3 Marks)

ii. Enumerate TWO punishments each that can be meted out to a government official and a legal person in case of delay in payment of contracts executed. (4 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Contract Payment Delays, Financial Regulations, Government Contracts, Penalties, Public Sector Accounting
Level: Level 2

Topic: Public Procurement and Contract Management

PSAF – Nov 2023 – L2 – Q3b – Public Procurement and Contract Management

Prepare journal entries to record revenue, expenses, and payments for a healthcare construction project.

Question

Required:

Prepare journal entries to record the above transactions. (4 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Contract Expenses, Healthcare Construction, Journal Entries, Revenue Recognition
Level: Level 2

Topic: Public Procurement and Contract Management

PSAF – Nov 2023 – L2 – Q3a – Public Procurement and Contract Management

Describes the procurement process for consultancy services, virtual library items, and branded office supplies under BPP guidelines.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: BPP, Government Contracts, Procurement Process, Public Procurement Act 2007
Level: Level 2

Topic: Public Procurement and Contract Management

PSAF – MAY 2019 – L2 – Q4 – Public Procurement and Contract Management

Discuss bidding documents, principles of public procurement, and methods for special and emergency procurement as outlined in the Public Procurement Act 2007.

Question

You are required to:

a. State five documents that a contractor should possess and forward in bidding for a contract. (5 Marks)

b. Identify five basic fundamental principles of procurement in the award of contract in a government department in accordance with Public Procurement Act 2007. (5 Marks)

c. Explain briefly the basic steps to follow as outlined in the Public Procurement Act 2007 for: i. Special and restricted methods of procurement (6 Marks) ii. Emergency procurement (4 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Bidding Documents, Emergency Procurement, Procurement Principles, Public Procurement, Special Procurement Methods, Tender Process
Level: Level 2

Topic: Public Procurement and Contract Management
Series: MAY 2019

Topic: Public Procurement and Contract Management

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PSAF – Nov 2023 – L2 – Q3c – Public Procurement and Contract Management

Details provisions and penalties under Financial Regulations to prevent and address delays in contract payments.

PSAF – Nov 2023 – L2 – Q3b – Public Procurement and Contract Management

Prepare journal entries to record revenue, expenses, and payments for a healthcare construction project.

PSAF – Nov 2023 – L2 – Q3a – Public Procurement and Contract Management

Describes the procurement process for consultancy services, virtual library items, and branded office supplies under BPP guidelines.

PSAF – MAY 2019 – L2 – Q4 – Public Procurement and Contract Management

Discuss bidding documents, principles of public procurement, and methods for special and emergency procurement as outlined in the Public Procurement Act 2007.

PSAF – Nov 2023 – L2 – Q3c – Public Procurement and Contract Management

Details provisions and penalties under Financial Regulations to prevent and address delays in contract payments.

PSAF – Nov 2023 – L2 – Q3b – Public Procurement and Contract Management

Prepare journal entries to record revenue, expenses, and payments for a healthcare construction project.

PSAF – Nov 2023 – L2 – Q3a – Public Procurement and Contract Management

Describes the procurement process for consultancy services, virtual library items, and branded office supplies under BPP guidelines.

PSAF – MAY 2019 – L2 – Q4 – Public Procurement and Contract Management

Discuss bidding documents, principles of public procurement, and methods for special and emergency procurement as outlined in the Public Procurement Act 2007.

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PSAF – Nov 2023 – L2 – Q3c – Public Procurement and Contract Management

Details provisions and penalties under Financial Regulations to prevent and address delays in contract payments.

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PSAF – Nov 2023 – L2 – Q3b – Public Procurement and Contract Management

Prepare journal entries to record revenue, expenses, and payments for a healthcare construction project.

You're reporting an error for "PSAF – Nov 2023 – L2 – Q3b – Public Procurement and Contract Management"

PSAF – Nov 2023 – L2 – Q3a – Public Procurement and Contract Management

Describes the procurement process for consultancy services, virtual library items, and branded office supplies under BPP guidelines.

You're reporting an error for "PSAF – Nov 2023 – L2 – Q3a – Public Procurement and Contract Management"

PSAF – MAY 2019 – L2 – Q4 – Public Procurement and Contract Management

Discuss bidding documents, principles of public procurement, and methods for special and emergency procurement as outlined in the Public Procurement Act 2007.

You're reporting an error for "PSAF – MAY 2019 – L2 – Q4 – Public Procurement and Contract Management"

PSAF – Nov 2023 – L2 – Q3c – Public Procurement and Contract Management

Details provisions and penalties under Financial Regulations to prevent and address delays in contract payments.

You're reporting an error for "PSAF – Nov 2023 – L2 – Q3c – Public Procurement and Contract Management"

PSAF – Nov 2023 – L2 – Q3b – Public Procurement and Contract Management

Prepare journal entries to record revenue, expenses, and payments for a healthcare construction project.

You're reporting an error for "PSAF – Nov 2023 – L2 – Q3b – Public Procurement and Contract Management"

PSAF – Nov 2023 – L2 – Q3a – Public Procurement and Contract Management

Describes the procurement process for consultancy services, virtual library items, and branded office supplies under BPP guidelines.

You're reporting an error for "PSAF – Nov 2023 – L2 – Q3a – Public Procurement and Contract Management"

PSAF – MAY 2019 – L2 – Q4 – Public Procurement and Contract Management

Discuss bidding documents, principles of public procurement, and methods for special and emergency procurement as outlined in the Public Procurement Act 2007.

You're reporting an error for "PSAF – MAY 2019 – L2 – Q4 – Public Procurement and Contract Management"

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