No.S/2017 21 Pusuc PRocuREMENT AND DISPOSAL oF Pusuc AssETs Cap.22:23 Planning of procurement (1) A procuring entity shall plan its procurement with a view to achieving maximum value for public expenditure, so that the procurement is carried out within available financial resources and other applicable limitations and at the most favourable time. (2) So far as possible, a procuring entity shall aggregate its procurement requirements in order to achieve economies of scale and shall use framework agreements where appropriate. (3) Before commencing any procurement process, a procuring entity shall(a) investigate whether or not its requirements can be met internally, for example by the transfer of goods from one department to another; and (b) ensure that an accurate estimate has been prepared of the cost of the procurement process, including the price of the procurement requirement and the cost of contingencies that may reasonably be expected to arise under the procurement contract; and (c) ensure that the amount of the estimate referred to in paragraph (b) has been properly covered in the entity's budget for the current financial year. 22 Annual procurement plan (1) For each financial year and no later than one month after the end of such, a procuring entity shall prepare a procurement plan which shall(a) be in accordance with a template prepared by the Authority; and (b) contain at least such information as may be prescribed; and shall forward the plan without delay to the Authority. (2) The Authority and the procuring entity shall publish, in summary form, the list of goods, construction works and services included in the entity's annual plan for procurement during the coming financial year. 23 Individual procurement plan ( 1) In addition to its annual procurement plan prepared in terms of section 22, a procuring entity shall prepare an individual procurement plan for each individual procurement above the prescribed threshold value, which plan shall(a) be in accordance with a template prepared by the Authority; and (b) contain at least such information as may be prescribed; and shall forward the plan without delay to the Authority. (2) The Authority shall publish on its website every plan forwarded to it in terms of subsection (l). 24 Planning for shared procurement Where two or more procuring entities conduct their procurement by way of shared procurement arrangements in terms of section 19, the designated or lead procuring entity, on behalf of the others, may prepare the plans referred to in sections 21,22 and 23, and for that purpose the other entities shall provide it with the necessary information to enable it to prepare those plans and carry out the shared procurement activities. 25 Division of procurements (1) Subject to this section, a procuring entity may divide a procurement requirement, which could be procured in a single contract, into a package consisting of 58