Contract for work or supply and inviting of tenders

All contracts whether for execution of any work or for supply of any article shall be sanctioned by the Gaon Panchayat: Provided that if the value of the contract exceeds Rs. 50.00 nP., the contract shall be sanctioned only after calling for tenders and shall be in writing and shall be signed by the Pradhan and one other member of the Gaon Panchayat: Provided further that if the value of the contract for any work exceeds Rs. 1000.00, the sanction of the Chief Commissioner will be necessary.