Committee considers automatic indexing for procurement thresholds; staff to return with draft
Finance staff presented three indexing options (CPI, PPI, MCI) and three implementation mechanisms (automatic annual adjustment, trigger-based adjustment, periodic review); committee members asked for category-specific thresholds and a draft policy for future meetings.
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The Independence Finance Committee debated whether to adopt an automatic indexing approach for procurement thresholds and which price index would be most appropriate for different categories of spending.
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