Local Government: Municipal Finance Management Act, 2003 (Act No. 56 of 2003)

Regulations

Purchase

(1)	A supply chain management policy may allow the accounting officer to negotiate the final terms of a contract with bidders identified through a competitive bidding process as preferred bidders, provided that such negotiation—

(a)	does not allow any preferred bidder a second or unfair opportunity;

(b)	is not to the detriment of any other bidder; and

(c)	does not lead to a higher price than the bid as submitted.

(2)	Minutes of such negotiations must be kept for record purposes.