(1) A public entity shall prepare a master procurement plan in making procurement for a plan or project to be operated for a period exceeding one year or in making an procurement of an amount exceeding one hundred million rupees a year.
(2) The master procurement plan referred to in sub-rule (1) shall contain, inter alia, the following matters:
(a) The type, quantity and tentative estimated cost of procurement,
(b) The procurement method,
(c) If, for the purpose of maximizing competition, procurement is to divided in slices or packages, provision relating thereto,
(d) A tentative number of contracts to be concluded for the completion of the whole procurement actions and major functions relating to such procurement actions,
(e) If pre-qualification action is to be carried out for procurement, matters relating thereto,
(f) Tentative time-table of the procurement actions,
(g) The matters so specified by the Public Procurement Monitoring Office from time to time as to be included in the master procurement plan.
(3) The master procurement plan prepared pursuant to this Rule has to be approved by the secretary related to the concerned entity in the case of any public entity referred to in sub-clause (1) of clause (b) of Section 2 of the Act and by the authority provided for in the procurement regulation or bye-laws of the concerned public entity in the case of other public entity.
(4) The concerned public entity shall each year update the master procurement plan approved pursuant to sub-rule (3).