Common use of Review by the Bank of Procurement Decisions Clause in Contracts

Review by the Bank of Procurement Decisions. Except as the Bank shall otherwise determine by notice to the Borrower, the following contracts shall be subject to Prior Review by the Bank: (a) each contract for goods estimated to cost the equivalent of $500,000 or more; (b) each contract for works estimated to cost the equivalent of $5,000,000 or more; (c) each contract for consultants’ services provided by a firm estimated to cost the equivalent of $200,000 or more; and each contract for consultants’ services provided by a firm to be procured using Single-source Selection procedure, regardless of its contract value; (d) each contract for consultants’ services provided by an individual estimated to cost the equivalent of $50,000 or more; and (e) the first contract to be procured using any procurement method mentioned in this Schedule, regardless of its contract value. In addition, terms of reference for consulting contracts, regardless of their contract value or procurement methods, will be subject to the Bank’s prior review. All other contracts shall be subject to Post Review by the Bank.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement

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Review by the Bank of Procurement Decisions. Except as the Bank shall otherwise determine by notice to the Borrower, the following contracts shall be subject to Prior Review by the Bank: (a) each contract for goods estimated to cost the equivalent of $500,000 or more; (b) each contract for works estimated to cost the equivalent of $5,000,000 or more; (c) each contract for consultants’ services provided by a firm estimated to cost the equivalent of $200,000 or more; and each contract for consultants’ services provided by a firm to be procured using Single-source Selection procedure, regardless of its contract value; (d) each contract for consultants’ services provided by an individual estimated to cost the equivalent of $50,000 or more; and (e) the first each contract for consultants’ services provided by a firm to be procured using any procurement method mentioned in this ScheduleSingle-source Selection procedure, and each contract for consultants’ services provided by an individual to be procured using Sole Source Selection procedure, regardless of its contract value. In addition, terms of reference for consulting contracts, regardless of their contract value or procurement methods, will be subject to the Bank’s prior review. All other contracts shall be subject to Post Review by the Bank.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement

Review by the Bank of Procurement Decisions. Except as the Bank shall otherwise determine by notice to the Borrower, the following contracts shall be subject to Prior Review by the Bank: (a) each contract for goods works estimated to cost the equivalent of more than $500,000 or more8,000,000 equivalent; (b) each contract for works goods estimated to cost the equivalent of more than $5,000,000 or more500,000 equivalent; (c) each contract for works, goods or Non-Consultant Services procured on the basis of Direct Contracting; (d) the first two contracts each for goods, works and Non-Consultant Services procured on the basis of National Competitive Bidding and Shopping regardless of their cost; and (e) each contract for consultants’ services provided by a firm firm: (i) estimated to cost the equivalent of $200,000 or more; and each contract for consultants’ services provided by a firm to be procured using or (ii) on the basis of Single-source Selection procedure, regardless of its contract value; (d) each contract for consultants’ services provided by an individual estimated to cost the equivalent of $50,000 or more; and (e) the first contract to be procured using any procurement method mentioned in this Schedule, regardless of its contract value. In addition, terms of reference for consulting contracts, regardless of their contract value or procurement methods, will be subject to the Bank’s prior reviewSource Selection. All other contracts not mentioned in the precedent paragraphs herein, shall be subject to Post Review by the Bank.

Appears in 1 contract

Samples: Loan Agreement

Review by the Bank of Procurement Decisions. Except as the Bank shall otherwise determine by notice to the Borrower, the following contracts shall be subject to Prior Review by the Bank: (a) each contract for goods estimated to cost the equivalent of $500,000 or more; (b) each contract for works estimated to cost the equivalent of $5,000,000 or more; (c) the first civil work contract and all contracts procured based on Direct Contracting, regardless of contract value thereof; (d) each contract for consultants’ services provided by a firm estimated to cost the equivalent of $200,000 or more; and (e) each contract for consultants’ services provided by a firm to be procured using Single-source Selection procedure, regardless of its contract value; (d) each contract for consultants’ services provided by an individual estimated to cost the equivalent of $50,000 or more; and (e) the first contract to be procured using any procurement method mentioned in this Schedule, regardless of its contract value. In addition, terms of reference for consulting contracts, regardless of their contract value or procurement methods, will be subject to the Bank’s prior reviewthereof. All other contracts shall be subject to Post Review by the Bank. With respect to each consulting contract not subject to the Bank’s prior review, prior to the selection of a consulting firm or an individual consultant, the Borrower shall furnish the terms of reference for said consulting firm or individual consultant to the Bank for its no-objection.

Appears in 1 contract

Samples: Loan Agreement

Review by the Bank of Procurement Decisions. Except as the Bank Association shall otherwise determine by notice to the BorrowerRecipient, the terms of reference of each contract for consultants’ services and the following contracts shall be subject to Prior Review by the BankAssociation: (a) each contract for goods estimated to cost the equivalent of $500,000 250,000 or more; (b) each contract for works estimated to cost the equivalent of $5,000,000 500,000 or more; (c) the first three (3) contracts for goods or works, respectively, procured on the basis of National Competitive Bidding or Shopping, respectively; (d) each contract for goods or works procured on the basis of Direct Contracting; (e) each contract for consultants’ services provided by a firm estimated to cost the equivalent of $200,000 100,000 or more; and each contract for consultants’ services provided by a firm to be procured using Single-source Selection procedure, regardless of its contract value; (df) each contract for consultants’ services provided by an individual consultant estimated to cost the equivalent of $50,000 or more; and (eg) each contract for consultants’ services procured on the first contract to be procured using any procurement method mentioned in this Schedule, regardless basis of its contract value. In addition, terms of reference for consulting contracts, regardless of their contract value or procurement methods, will be subject to the Bank’s prior reviewSingle Source Selection. All other contracts shall be subject to Post Review by the BankAssociation.

Appears in 1 contract

Samples: Financing Agreement

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Review by the Bank of Procurement Decisions. Except as the Bank shall otherwise determine by notice to the Borrower, the following contracts shall be subject to Prior Review by the Bank: (a) each contract for goods estimated to cost the equivalent of $500,000 or more, and the first contract for goods to be procured on the basis of Shopping under each Sub-project, regardless of its contract value thereof; (b) each contract for works estimated to cost the equivalent of $5,000,000 or more, and the first contract for works to be procured on the basis of Shopping under each Sub-project, regardless of its contract value thereof; (c) each contract for consultants’ services provided by a firm estimated to cost the equivalent of $200,000 or more; and each contract for consultants’ services provided by a firm to be procured using on the basis of Single-source Selection procedureSelection, regardless of its contract valuevalue thereof; and (d) each contract for consultants’ services provided by an individual estimated to cost on the equivalent basis of $50,000 or more; and (e) the first contract to be procured using any procurement method mentioned in this ScheduleSole-source Selection, regardless of its contract value. In addition, terms of reference for consulting contracts, regardless of their contract value or procurement methods, will be subject to the Bank’s prior reviewthereof. All other contracts shall be subject to Post Review by the Bank.

Appears in 1 contract

Samples: Loan Agreement

Review by the Bank of Procurement Decisions. Except as the Bank shall otherwise determine by notice to the Borrower, the following contracts shall be subject to Prior Review by the Bank: (a) each contract for goods works estimated to cost the equivalent of more than $500,000 or more8,000,000 equivalent; (b) each contract for works goods estimated to cost the equivalent of more than $5,000,000 or more500,000 equivalent; (c) each contract for works, goods or Non-Consultant Services procured on the basis of Direct Contracting; (d) the first two contracts each for goods, works and Non- Consultant Services procured on the basis of National Competitive Bidding and Shopping regardless of their cost; and (e) each contract for consultants’ services provided by a firm firm: (i) estimated to cost the equivalent of $200,000 or more; and each contract for consultants’ services provided by a firm to be procured using or (ii) on the basis of Single-source Selection procedure, regardless of its contract value; (d) each contract for consultants’ services provided by an individual estimated to cost the equivalent of $50,000 or more; and (e) the first contract to be procured using any procurement method mentioned in this Schedule, regardless of its contract value. In addition, terms of reference for consulting contracts, regardless of their contract value or procurement methods, will be subject to the Bank’s prior reviewSource Selection. All other contracts not mentioned in the precedent paragraphs herein, shall be subject to Post Review by the Bank.

Appears in 1 contract

Samples: Loan Agreement

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