Question: Procurement is said to follow a procurement cycle. Required: (a) What are the stages of a procurement cycle? Under what circumstances can one skip any

Procurement is said to follow a procurement cycle.

Required:

(a) What are the stages of a procurement cycle? Under what circumstances can one skip any of the stages of the procurement cycle? [15 marks]

(b) What is the significance of specifications in procurement and at which stage of the procurement cycle should the specifications be developed?

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