Examples of SCM Regulations in a sentence
The proposed specifications for the project will be as follows: 1.1. Tender and Procurement Conditions:- The Latest version of the PPPFA Act No. 5 of 2000 and SCM Regulations and Collins Chabane Local Municipality Supply Chain Management Policy shall apply.
Regulation 36 of the Municipal SCM Regulations of 2005 permits the Accounting Officer to “dispense with the official procurement processes established by the policy and to procure any required goods or services through any convenient process”.
NB: the results of this bid will be published on council’s website as prescribed on section 75(1)(g) of the MFMA and section 23(c) of the SCM Regulations.
The Accounting Officer is required to report such a deviation to the Auditor –General, the Provincial Treasury, and the National Treasury within 10 working days (in terms of Regulation 29(7) of the Municipal SCM Regulations, 2005), stating the reasons that necessitated such a decision.
Regulation 32 of the Municipal SCM Regulations of 2005 allows the Accounting Officer to procure goods or services for the municipality under a contract secured by another organ of state.
A council may condone irregular expenditure resulting from a contravention of the SCM policy provided that the contravention is not also a contravention of the MFMA or the SCM Regulations, in which case only the National Treasury can condone a contravention of the SCM Regulations.
The MFMA requires the actual transfer or disposal to be fair equitable, transparent, competitive and consistent with the SCM Regulations.
If the transfer or disposal is not the result of any of the above transactions, the asset to be transferred or disposed of will be considered to be a non-exempted capital asset where sections 14 and 90 of the MFMA and the SCM Regulations will apply.
An exempted capital asset is an asset exempted by sections 14(6) or 90(6) of the MFMA and regulation 20 from the rest of sections 14 and 90 as well as the SCM Regulations.
Supply chain management employees and all accounting officers should be proficient in their understanding of the Public Finance Management Act No. 1 of 1999 (PFMA) and/or the Municipal Finance Management Act No. 56 of 2003 (MFMA) and applicable National Treasury SCM Regulations, circulars, practice notes, instructions, directives, and prescripts.