KUALA LUMPUR, April 8 — The Malaysia Deposit Insurance Corporation (PIDM) should provide tighter procurement planning to ensure efficient implementation of its projects, said the Auditor General’s office.
In its First Series of the Auditor General’s Report 2013 for federal statutory bodies, it said its audits conducted from May to August 2013 found four Supplemental Letters issued to amend the scope of works and to extend the completion date had raised the original project cost of RM2.34 million by 99.6 per cent.
“The increase by RM2.33 million raised the project cost to RM4.67 million while the project completion date was extended by 700 days from April 30, 2012 to March 31, 2014.
“However, the increased expenditure was still within the approved budget,” it said, adding the project was completed between 28 to 85 days after the date stated in the agreement because PIDM had altered the contract’s specifications and scope of works.
It said in the tendering process, three out of the seven confidentiality agreements chosen for auditing, or 43 per cent, were not stamped.
A tendering process checklist was also not available for reference, while project files for the procurement and tendering process were not uniformly updated, it added.
It said PIDM should produce a tendering process checklist for reference and guidance, while all project files should be uniformly updated. — Bernama
