DELEGATION OF FINANCIAL POWERS

There shall be following delegation of Powers:

1. Purchase of items proposed in approved budget including consumables, services, labour

charges and job works (fabrication, repairs, printing, civil and electrical works etc.) up to
Rs.3,000/ (Rs. Three Thousand), for each purchase printing, through bill or against cash
may be made without calling quotations and without placing formal purchase orders by
Head of the Department from funds under his/her operation.
2. Further, any teacher/officer may also make such purchases with the approval of Head of
the Department or the Principal as applicable.
3. For purchases below Rs. 10,000/ (Rs. Ten thousand) Comparative Statement will be
approved and purchase order will be placed by the HOD / All Deans /Administrative
Officer with approval from competent authority.
4. Purchase Committee to be constituted by Principal of the Institute for purchases above
Rs. 10,000/. (Rs. Ten Thousand).
5. Principal is delegated with financial powers up to a maximum of Rs. 2,00,000/- for
purchase and unplanned up to Rs. 50,000/-
6. The Principal may in case of any contingency obtain oral permission from the
management, if the expenditure to be incurred exceeds his powers and get ratified by the
management along with required receipts.
7. The HODs are delegated with powers up to Rs.25,000/- for sanctioned work and
Rs.10,000/- for unplanned work.
8.