Mode of making contracts

1[60A. Mode of making contracts, – (1) every contract or agreement entered into on behalf of the Gram Panch ayat for execution of works or for supply of goods or services shall be in accordance with the provisions of this section and the Karnataka transparency in public procurement Act . 1999. (2) The panchayat development officer shall execute the contract or agreements on behalf of the Gram Panchayat in respect of matters which he is empowered to carry out under the provisions of any law for the time being in force and such contract or agreement shall be executed up to such amount of value of the contract or a greement as may be prescribed by the government from time to time.