Approval Thresholds. The Operator and the Technical Services Provider shall establish budget limits for each Joint Venture individually and/or for the Services jointly in order to identify thresholds for values of bids, contract values etc. above which a review and approval of the Technical Services Provider's procurement strategy, bidders list and contract award is to be performed by the Operator.
Appears in 3 contracts
Samples: Technical Services Agreement, Gas Transportation Agreement (Statoil Asa), Gas Transportation Agreement (Statoil Asa)
Approval Thresholds. The Operator and the Technical Services Provider shall establish budget limits for each Joint Venture individually and/or for the Services jointly in order to identify thresholds for values of bids, contract values etc. above which a review and approval of the Technical Services Provider's ’s procurement strategy, bidders list and contract award is to be performed by the Operator.
Appears in 1 contract
