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APPROVAL FOR ASSET PURCHASE

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					                                            Company Name Here                                   APPROVAL NO: ______

                                APPROVAL FOR ASSET PURCHASE / EXPENDITURE


EXPENDITURE / ASSET
DEPARTMENT
(REPLACE / ADD)
AMOUNT BUDGETED                                               FUNDS REQUIRED

                                              1. PROJECT REASON




                                                2. QUOTATIONS
                                          Company                                                  Amount (excl VAT)
1
2
3
4

                                            3. PREFERRED SUPPLIER

(a)
(b) REASON IF LOWEST QUOTE NOT ACCEPTED AND / OR NO 3 QUOTES SUPPLIED




                              4. DISPOSAL DETAILS OF REPLACEMENTS (if applicable)
NA




           APPROVED BY:


                              :                                                  Date:
PROCUREMENT OFFICER           _____________________________________________      ______________________________

                              :                                                  Date:
DEPARTMENTAL HEAD             _____________________________________________      ______________________________

                              :                                                  Date:
FACILITIES MANAGER            _____________________________________________      ______________________________

FINANCIAL DIRECTOR            :                                                  Date:
(for availability of funds)   _____________________________________________      ______________________________

CHIEF EXECUTIVE               :                                                  Date:
OFFICER                       _____________________________________________      ______________________________
FINANCE COMMITTEE
(for expenditure over R100k   :                                                  Date:
(excl)                        _____________________________________________      ______________________________



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