FIN-0300 Procurement

Description	Consists of records involved in the procurement process including request for proposals and completed bids, vendor direct deposit sheets and correspondence.
Retention Trigger	Bid awarded
Retention	Trigger + 7 years
Responsible Unit(s)	Originating Unit
Source
Records System
Citations	Income Tax Act, R.S.C. 1985, c. 1 (5th Supp.) s.230 (4)(b)Broader Public Sector Procurement Directive, s. 7.2.23
Record Authority	Chief Financial Officer
Disposition	Secure Destruction
Records Arising from Activity	RFPs & Bids Vendor Direct Deposit Sheets Miscellaneous Correspondence
Retention Rationale	Record retention requirements under Procurement directive: records must be available for 7 years after the bid is awarded.
Personal Information
Vital Record
Protection	Medium