Defence Ministry comes out with draft policy for ‘Revenue Procurements’

The Defence Ministry has come out with a draft version of Defence Procurement Manual (DPM), with the Defence Ministry requesting the stakeholder to come up with their feedback by mid-April. The draft DPM envisages new rules which basically govern ‘revenue procurements’ and will eventually replace the existing DPM, which was introduced in 2009.

Noteworthy, the draft DPM features clauses and methods, as well as appendices and forms respectively. The manual outlines 15 broad stages in processing revenue procurements, from ‘Acceptance of Necessity’ requirements to ‘Contract Signing’. It also introduces new methods of revenue procurements including ‘Capex’ and ‘Opex’ models for capital and operational acquisitions. Further, the draft DPM also emphasize on the use of ‘e-procurement’ methods to engage with contractor and focuses on supporting procurement from local Micro, Small, and Medium-Sized Enterprises (MSMEs).

Comments are closed.