Department of Administration : Report On Examination of Financial Statements 1979
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Section 18-4-212, MCA, allows the depart- ment to accept bid securities or bid bonds only in the form of a certified check or a bid bond. These incon- sistent requirements reduce the flexibility of the Purchasing Division to manage bid securities. The requirements are also confusing to contractors who must provide securities in two different methods for state bids.
RECOMMENDATION »9 We recommend that the department: A. Seek legislation which would allow general procurement bid securities consis...tent with those allowed for construc- tion contracts.
B. Periodically reconcile bid deposits with the bid deposit records.
MONTANA FINANCIAL REPORT Montana law charges the department with the respon- sibility for (1) establishing financial controls, (2) installing a uniform accounting and reporting system, (3) providing all financial information and data re- quested by the legislature and (4) making available the annual financial report for individuals and organiza- tions interested in the financial affairs of the state of Montana.
What to read after Department of Administration : Report On Examination of Financial Statements 1979?
You can find similar books in the "Read Also" column, or choose other free books by Montana. Legislature. Office of the Legislative Auditor to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Section 18-4-212, MCA, allows the depart- ment to accept bid securities or bid bonds only in the form of a certified check or a bid bond. These incon- sistent requirements reduce the flexibility of the Purchasing Division to manage bid securities. The requirements are also confusing to contractors who must provide securities in two different methods for state bids.
RECOMMENDATION »9 We recommend that the department: A. Seek legislation which would allow general procurement bid securities consis...tent with those allowed for construc- tion contracts.
B. Periodically reconcile bid deposits with the bid deposit records.
MONTANA FINANCIAL REPORT Montana law charges the department with the respon- sibility for (1) establishing financial controls, (2) installing a uniform accounting and reporting system, (3) providing all financial information and data re- quested by the legislature and (4) making available the annual financial report for individuals and organiza- tions interested in the financial affairs of the state of Montana.
What to read after Department of Administration : Report On Examination of Financial Statements 1979?
You can find similar books in the "Read Also" column, or choose other free books by Montana. Legislature. Office of the Legislative Auditor to read onlineMoreLess
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