PSMS 2024 - Exercise 4.1 A

Except as otherwise provided in the GAA, the stock on hand of supplies, materials and equipment spare parts, acquired through ordinary and emergency purchase, shall at no time exceed the normal time requirement of how many months?

A method wherein the latest demand figure is added to the running sums and the oldest demand subtracted:

Two (2) months’ supply is determined by computing the average monthly consumption of the agency for the last ______ months plus 10% allowance for contingencies multiplied by two (2).

Failure to deliver within the prescribed period shall render the supplier/contractor liable for penalty, usually in the form of liquidated damages in the amount of one-tenth of one percent of the total cost of undelivered items in the contract shall be deducted for every day of delay.

Once the stock level reaches ROP, an order is initiated for additional stock.

Extension of time of delivery may be granted only when?

All supplies shall be adequately contained, packed, crated, cased, bundled, wrapped or sealed to prevent damage, spoilage and loss. They must be plainly labelled and marked on the outside showing the exact contents.

All items to be inspected shall be accepted first by the Accountant, as the case may be.

The following are the objective/s of packing the items, except:

Requisitions for supplies and materials drawn during the last days of December intended to be paid out of the unexpended balance of appropriation for supplies and materials shall be allowed.