4.0 ANALYSIS REPORT BY THE INTERNAL AUDIT ON CAPITAL PROJECTS.

Council received an analysis report from the Internal Audit Unit, through the University Management, on Capital Projects, in relation to the price(s) of the contracts.

Council noted the importance of the Unit in the University, being the Financial Control Unit of the University.

Council noted that the report was focused on the project for the construction of the Institute of Food Security, Environmental Resources and Agricultural Research (IFSERAR) Building which the Unit adjudged that the award price for the project was very competitive and cannot be faulted.

Council noted the Analysis Report by the Internal Audit Unit on Capital Projects and lent support to the commendations for good pricing and bargaining for the Procurement Planning Committee in the award of capital project contracts.

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