FAQs

Q. What is Repeat Order Clause?

Ans.
Under Repeat Order Clause, the buyer can order up to 50% quantity of the items subject to certain conditions under the present contract within six months from the date of successful completion of contract.

 

Q. What is a Competent Financial Authority?

Ans.
Competent Financial Authority is an authority duly empowered by the GOI to sanction & duly empowered by the Govt. of India to sanction & approve expenditure from public accounts to a specified limit in terms of amount of such expenditure.

 

Q. What is the audit of sanctions to expenditure?

Ans.
The audit of sanctions to expenditure is to see that each item of expenditure is covered by the sanction of the authority competent to sanction it. Audit has not only to see that the expenditure is covered by a sanction, either general or special, but it has also to satisfy that the authority sanctioning it is competent to do so by virtue of powers vested in it.

 

Q. For which bills, the Certificate under Rule 145/146 GFR ia required?

Ans.
The certificate 145 under rule GFR is required for the bills amounting upto Rs.15,000/- and certificate146 is required for the bills amounting to more than Rs.15,000/- and up to Rs.1 lakh. For the bills more than Rs.1 lakh, the procedure of call for quotations are necessary.