Chapter IV CHIEF EXECUTIVE OFFICER

1. (1) The Chief Executive Officer shall be the executive and administrative head of the Procurement Authority and shall exercise such powers and perform such duties as are assigned to him by or under this Act or the rules or the regulations made thereunder and shall exercise such powers and perform such functions as the Authority may, by a resolution, delegate to him.
2. (2) The Chief Executive Officer shall be the head of the Tender Approval Committee. The Tender Approval Committee shall approve and finalize all tenders. The Chief Executive Officer may, in exceptional cases, place tenders before the Executive Committee for its decision.
3. (3) The Chief Executive Officer shall exercise the powers and discharge the functions, as follows, namely :-
   • (a) to form Tender Approval Committee and various sub-committees for the purposes of procurement as directed by the Executive Committee;
   • (b) to monitor the progress of purchases made by the Authority;
   • (c) to take regular review of finance and accounts of the Authority;
   • (d) to develop benchmarks for continuous improvement of organization;
   • (e) such other powers, functions and duties as may be prescribed.

The Chief Executive Officer shall supervise and control all its officers and employees, including any officers of the Government appointed, from time to time, on deputation or otherwise to the Procurement Authority.

The Chief Executive Officer shall be responsible for collection of all sums due to the Procurement Authority and payment of all sums payable by the Authority and shall ensure adequate security of all assets, including cash balances of the Authority. The Chief Executive Officer shall also be responsible for performing all executive functions in connection with the works of the Authority.