Define: Requisition

A requisition is a formal request made by an individual or organisation to obtain goods, services, or information from another party.

The purpose of a requisition is to ensure that all necessary approvals and documentation are obtained before any goods or services are acquired. It helps maintain transparency and accountability in the procurement process.

Typically, anyone within an organisation who has the authority to request goods or services can make a requisition. This can include employees, managers, or department heads.

A requisition itself is not legally binding. It is merely a formal request for goods or services. However, once the requisition is approved and processed, it may lead to a legally binding contract or agreement between the parties involved.

Yes, a requisition can be canceled or modified before it is approved or processed. However, once it has been approved and processed, any changes or cancellations may require additional approvals or negotiations with the other party involved.

A requisition should include details such as the requested goods or services, quantity, specifications, delivery date, budget allocation, and any other relevant information. It should also include the name and contact information of the person making the requisition.

The processing time for a requisition can vary depending on the organisation’s internal procedures and the complexity of the request. It is best to check with the organisation’s procurement department or relevant personnel for an estimated timeline.

Yes, a requisition can be denied if it does not comply with the organisation’s policies, budget constraints, or if there are other valid reasons for rejection. The person making the requisition should be notified of the denial and provided with an explanation.

If a requisition is denied or not processed as expected, the person making the requisition may have the option to challenge or appeal the decision. This process may involve providing additional information or documentation to support the request and addressing any concerns raised by the approving authority.

Failure to follow the requisition process may result in various legal implications, depending on the circumstances and applicable laws. It can lead to issues such as breach of contract, unauthorized purchases, financial mismanagement, or even legal disputes between the parties involved. It is crucial to adhere to the established requisition process to avoid any potential legal consequences.