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.
The full story
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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