Categories of Procurement Procedures Sample Clauses

Categories of Procurement Procedures. The Fund distinguishes between procurements for 1) Contracts below € 200.000, and 2) Contracts from € 200.000. The following is applicable per category: In accordance with the general rules and principles as stated in this Procurement Policy, the Board of Directors will decide on the specific process and requirements for the procurement in question, and will award the Contract. The Board of Directors will ensure that the specific process and requirements of the procurement are proportional to the value of the Contract, i.e. the higher the value of the Contract, the more detailed and defined the process. Taking this proportionality into account, the Board of Directors may decide to execute a competitive negotiated procedure with or without publication, in which the Board of Directors (or a Fund representative mandated by the Board of Directors) will consult a number of Candidates of its choice, and will negotiate the terms of the Contract with one or more of them. As a guideline to this proportionality, the Fund will consider the following processes for procurement of service and supply contracts below € 200.000: a. Selective Tendering for project/services of a combined value of up to € 200.000. For the avoidance of doubt, Selective Tendering shall be applied if it can be reliably estimated at the time of project/services procurement that the aggregate of projects/services to be provided by a service provider or consultant will exceed the threshold of € 50.000. b. Single Sourcing can be used for project/services of a combined value below € 50.000 and may be used if one or more of the following reasons hold true: • There are very few specialists in the particular field of expertise that is required. • The degree of urgency is such that there is no time for broader research. • Another procedure (i.e. Tendering or Selective Tendering) has already been conducted without producing any useful results. • A service provider/consultant has been or is already involved in the project/service and limited (if any) advantage would be gained via competitive bidding. • Direct Implementation: • Research & analyses, whenever such project/services are close to the core project/services of the Fund or inform the Fund in defin- ing its strategic direction. • Other activities related to strategic or confidential objectives of the Fund as approved from time to time by the Board of Directors. • Any other activity asked by the Board of Directors to the Invest- ment Advisor but not ...
Sample 1
AutoNDA by SimpleDocs
Categories of Procurement Procedures. The Fund distinguishes between procurements for 1) Contracts below EUR 200.000, and 2) Contracts from EUR 200.000. The following is applicable per category:
Sample 1

Related to Categories of Procurement Procedures

  • Other Procurement Procedures National Competitive Bidding

  • Procurement procedures 11.1 The Recipient must secure the best value for money and shall act in a fair, open and non-discriminatory manner in all purchases of goods and services.

  • Terms of procurement Terms of submission: Electronic submission: Required Languages in which tenders or requests to participate may be submitted: English Electronic catalogue: Not allowed Deadline for receipt of tenders: 2024­02­19Z 12:00:00Z Information about public opening: Terms of contract: Electronic invoicing: Required

  • Particular Methods of Procurement of Goods Works and Services (other than Consultants’ Services)

  • Other Methods of Procurement of Goods and Works. The following table specifies the methods of procurement, other than International Competitive Bidding, which may be used for goods and works. The Procurement Plan shall specify the circumstances under which such methods may be used: (a) National Competitive Bidding (b) Shopping (c) Direct Contracting

  • ADB’s Review of Procurement Decisions 11. All contracts procured under international competitive bidding procedures and contracts for consulting services shall be subject to prior review by ADB, unless otherwise agreed between the Borrower and ADB and set forth in the Procurement Plan.

  • Publication of Procurement Contract 48.1 Within fourteen days after signing the contract, the Procuring Entity shall publish and publicize the awarded contract at its notice boards, entity website; and on the Website of the Authority in manner and format prescribed by the Authority. At the minimum, the notice shall contain the following information: a) name and address of the Procuring Entity; b) name and reference number of the contract being awarded, a summary of its scope and the selection method used; c) the name of the successful Tenderer, the final total contract price, the contract duration. d) dates of signature, commencement and completion of contract; e) names of all Tenderers that submitted Tenders, and their Tender prices as read out at Tender opening;

  • Test Procedures For an Asset Review, the Asset Representations Reviewer will perform for each Asset Review Receivable the procedures listed under “Procedures to be Performed” in Schedule A for each representation and warranty (each, a “Test”), using the Asset Review Materials listed for each such Test in Schedule A. For each Test and Asset Review Receivable, the Asset Representations Reviewer will determine if the Test has been satisfied (a “Test Pass”) or if the Test has not been satisfied (a “Test Fail”).

  • Important Information About Procedures for Opening a New Account To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial organizations to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, you are required to provide your name, residential address, date of birth, and identification number. We may require other information that will allow us to identify you.

  • Particular Methods of Procurement of Goods and Works International Competitive Bidding. Goods and works shall be procured under contracts awarded on the basis of International Competitive Bidding.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!