(1) The threshold of the amount of the goods, construction work or other services that can be procured through
sealed quotation shall be as prescribed.
(2) Before inviting a sealed quotation, a form of sealed quotation stating clearly therein the specifications, quality, quantity terms and conditions of supply and time and other necessary matters of the goods, construction work or
other services to be procured shall have to be prepared.
(3) In inviting a sealed quotation, a notice shall be published in a national or local level newspaper by giving a period at least of fifteen days.
(4) The sealed quotation, once submitted, cannot be withdrawn or amended.
(5) The lowest evaluated sealed quotation falling within the cost estimate after fulfilling the terms and conditions under Sub-section (2) shall have to be approved.
(6) Other provisions of sealed quotation shall be as prescribed.