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( 1 ) The Board may dclcrminc cilhcr gcncrally for any class of cases or specially for any parricular case wherher a work should bc execu~ed by cunlract or o~hcrwisc. (2) When it is decidcd to cxccutc a work by contract or purchnse any malerials ar goods and thc cxpcnditure involved in such execution or purchasc is csrimilrcd to cxcced ?[five thousand rupees] [he Ch7' , imlnn shall, at lcasl scvcn days bcfore entering inlo such conlracl or making such purchase give nolice by advenisement in thc local ncwspapcrs invi~ng tenders Cor the samc: Provided [ha[ the Board may, at the instancc or thc Chainnan and with the sanction of rhc Statc Govcmmcnt, for rcasons to bc rccorded in the proceedings, authorise thc Chairman LO cnlcr inro a conlract without invi~ing tcndcrs: Provided further that every contracr madc by lhc Chairman involving an expendilurc cxuccding ?[Lhy rhousand rupccs) shall .bc reporled by thc Chainnan lo the Board wid~in fillern days aCter i t is made. (3) In cvcry cast involving an cxpendi~urc cxcccding J[lilty ~housand rupcesj in which lcndcrs arc invitcd, thc Chairman shall place before thc Board the specifica~ions, condi[ions and cslimatcs and all thc rcndcrs rcceivcd, specirying rhc pnrricul,~ tcndcr (if any which hc proposes to accept. "hc\vords within tksqum bnckurs wcnrsubs~itu~ed for h c +vords "onc thousandrupccs" by s. I S oliheklounh Impmrcmcn~(Amndmnr)AcI. 1983 (Wcs~ Bcn. Acr XLlIlor 1983). T h c tburtlr rvilhinrhcqm bnckcrs wrresuhiruted for Ihc words "one thouxu~d rup~," by s. I6 (a){i), ibid. 'Thcwards within thc squm bncketsuoere subsrituled Iorrhc rvords "onelhousmd rum and nor cxcccding thrcc thousand rup~.c%" hy s. 16 (a)(ii), ;bid. 'Thc wonk ~ v i t h i n h c q ~ bmkcls wcrcsubsri~utcd lor rhc~vods'lhrcc thousand r u p " hy s. 16(b), ;hid. Tlie Howraft I~np~vve~~lseltt Act, 1956. (Cllnp~er IL-Tile Board of Trrurees.-Sectio~is 25-27.) (4) In every case in which h c acccplance or a icndcr would involvc ' an expenditurc cxcccding '[twenty-fivc lakhs of rupccs] and rhc Board propose to acccpl a rcndcr which is not rhe lowcsl lcndcr reccivcd, rhcy shall submit to [he Srarc Governrncnl h e specificalions, conditions and eslirnates and all rhc tcndcrs rcccivcd, spccifying rhc pnlicular render which they proposc ro ncccpi wih rhc reasons for such proposal. (5) Nci~hcr the Board nor [he S~atc Government shall bc bound to sanction thc ncccptancc of any rendcr which has becn made; b u ~ [he Board, or rhc Srale Govcrnmcn[, as [he case may be, may sanclion the ncceplancc of any of such lenders which appears to them, upon a view of all the circumsrances, to be the most advantageous, or may direcl [he rejection of all [he lcndcrs submitted lo ~lwm.