The Director General, Bureau for Public Procurement, Alhaji Mamman Ahmadu, on Wednesday, warned TETFund beneficiary institutions against awarding contracts with insufficient funds.
Addressing participants at the second day of a three-day capacity building workshop on public procurement procedures for TETFund beneficiary Institutions in Kano, Ahmadu outlined the fundamental principles of procurement according to Section 16 and stressed that it must be based only on procurement plans and supported by prior budgetary appropriation.
According to him, the process of awarding contracts should be formalised until the funds to meet obligations are available and then competitive bidding can begin.