FAQ Type
Question
What are the threshold values for various the forms of procurement?
Accounting officers and accounting authorities of the municipality must adhere to the following threshold values for the procurement of goods or services:
- Goods or services up to an estimated value of R2000 to R30 000 (inclusive of all taxes) may be procured through petty cash;
- Goods or services above an estimated value of R30 001 and up to R200 000 (inclusive of all taxes) must be procured through invitation of price quotations; and
- Goods or services above the estimated value of R200 000 (inclusive of all taxes) must be procured through a competitive or limited bidding process.