THE PUNJAB PROCUREMENT RULES, 2014 (AMENDED UP TO 17-08-2020) — They shall come into force at once. These rules shall apply to all public procurements made by all procuring agencies whether within or outside the Punjab. A procuring agency, while making any procurement, shall ensure that the procurement is made in a fair and transparent manner, the object of procurement brings value for money to the procuring agency and the procurement process is efficient and economical. A procuring agency shall, within one month from the commencement of a financial year, devise annual planning for all proposed procurements with the object of realistically determining the requirements of the procuring agency, within its available resources, delivery time or completion date and benefits that are likely to accrue to the procuring agency in future.