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, Statoil Petroleum (Statoil Asa), Statoil Petroleum (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
Samples: Agreement (Statoil Asa)
