Verbal Test Question 11 – Procurement Approval Process
Read the passage and decide whether the statement is True, False or Cannot Say. Use only the information provided.
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Passage
Purchases below £10,000 can be approved by a budget holder if at least one written quotation has been obtained. Purchases from £10,000 to £50,000 require three written quotations and approval from the commercial team. Any purchase above £50,000 must follow a formal tender process unless an authorised exemption applies. Emergency purchases still require a written record explaining why the usual process could not be followed.
Statement
A purchase of £35,000 normally requires approval from the commercial team.
Answer options
- True
- False
- Cannot Say
Click to reveal the answer
Correct answer: True
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