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» HOW TO REGISTER A COMPANY FOR PPRA PROCUREMENTS
WHY CONSULTANTS DON’T SUBMIT FINANCIAL STATEMENTS? EmptyWed Dec 18, 2019 9:13 pm by yohanaamon@yahoo.com

» Is non-submission of invalid CRB receipt voucher a major deviation?
WHY CONSULTANTS DON’T SUBMIT FINANCIAL STATEMENTS? EmptyTue Dec 17, 2019 1:00 am by RJM

» MAKANDARASI KUWEKWA NDANI KWA KUTOKAMILISHA MIRADI NDANI YA MUDA
WHY CONSULTANTS DON’T SUBMIT FINANCIAL STATEMENTS? EmptyTue Dec 17, 2019 12:46 am by RJM

» How Supplier can register in e-Procurement system (TANePS)
WHY CONSULTANTS DON’T SUBMIT FINANCIAL STATEMENTS? EmptyThu Dec 12, 2019 5:48 am by pms

» Kukosekana risiti ya ununuzi wa tenda
WHY CONSULTANTS DON’T SUBMIT FINANCIAL STATEMENTS? EmptySat Apr 27, 2019 6:05 pm by ALLY MUNIR

» IS IT TIME TO THINK OF DEACTIVATING TENDER BOARDS AND INTRODUCE A MECHANISM OF PROCUREMENT PROFESSIONAL OPINION?
WHY CONSULTANTS DON’T SUBMIT FINANCIAL STATEMENTS? EmptyThu Apr 11, 2019 3:40 pm by pms

» e-Procurement System is now operational
WHY CONSULTANTS DON’T SUBMIT FINANCIAL STATEMENTS? EmptyThu Apr 11, 2019 3:14 pm by Admin

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WHY CONSULTANTS DON’T SUBMIT FINANCIAL STATEMENTS? EmptyThu Jan 10, 2019 10:42 pm by thanksme

» Attendance of District Treasurer in Council Tender Board meetings
WHY CONSULTANTS DON’T SUBMIT FINANCIAL STATEMENTS? EmptyMon Mar 19, 2018 8:57 pm by GWK

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WHY CONSULTANTS DON’T SUBMIT FINANCIAL STATEMENTS?

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WHY CONSULTANTS DON’T SUBMIT FINANCIAL STATEMENTS? Empty WHY CONSULTANTS DON’T SUBMIT FINANCIAL STATEMENTS?

Post  YOUR VIEWS Sat Oct 23, 2010 1:19 am

As a Contractor we have been participating in tendering process for more than 5 years now and in all cases we have been requested by the Procuring Entities to submit financial statements [audited account & balance sheet] to ascertain our financial muscles to comfort the Procuring Entities that the firm can execute the contract successfully. Recently it has come to our knowledge that our counterpart Consultants are not required to submit such information and when we asked them they just told us that this is not an issue to the assignment they are engaged.

Now, we are wondering whether the Public Procurement Act and regulations made under it [GN No.98] and Request for Proposals [RFP] issued by the PPRA assume that the Consultants are always liquid and the assignments they are engaged do not require the consultants to possess financial capability? If this is the case, where is the equity?

YOUR VIEWS

Posts : 9
Join date : 2010-10-22

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