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February 11, 2020 - UNDP has changed its asset capitalization threshold from US $1,500 to US $5,000. This policy change will significantly reduce the volume (i.e. quantity) of assets in the asset register, thereby allowing UNDP to focus attention on higher value items. The change in policy should also result in a more effective verification and certification process. Clause 53 of the Procurement Oversight and Procurement Review Committees policy has been updated accordingly.
August 30, 2019 - The standard delegated procurement authority of a Resident Representative or head of a business unit is US $200,000, except for Business units granted the exceptional approval to be exempted from the mandatory use of eTendering which will remain as $150,000.
July 26, 2016 - The following changes have been incorporated: - Direct review by CAP chairperson for contracts between $ 50,000 to $ 150,000.
- Reduction of committee members from three to two for quorum.