Common use of Commercial Practices Clause in Contracts

Commercial Practices. Contracts for: (a) goods estimated to cost the equivalent of less than $4,000,000 per contract; and (b) works estimated to cost the equivalent of less than $4,000,000 per contract, may be awarded in accordance with the established commercial practices of the Beneficiary Enterprise, due account being taken also of other relevant factors such as time of delivery and efficiency and reliability thereof and availability of maintenance and spare parts.

Commercial Practices. Contracts for: (a) goods estimated to cost the equivalent of less than $4,000,000 5,000,000 per contract; and (b) works estimated to cost the equivalent of less than $4,000,000 5,000,000 per contract, may be awarded in accordance with the established commercial practices of the Beneficiary Enterprise, due account being taken also of other relevant factors such as time of delivery and efficiency and reliability thereof and availability of maintenance and spare parts. Contracts placed by sub-borrowers on their subsidiary of affiliated companies will not be eligible for financing out of the Loan.

Commercial Practices. Contracts for: (a) goods estimated to cost the equivalent of less than $4,000,000 per contract; and (b) works estimated to cost the equivalent of less than $4,000,000 10,000,000 per contract, contract may be awarded in accordance with the established commercial practices of the Beneficiary Enterprise, due account being taken also of other relevant factors such as time of delivery and efficiency and reliability thereof and availability of maintenance and spare parts. Contracts entered into by Beneficiary Enterprises with subsidiary or affiliated companies will not be eligible for financing out of the Loan.

Commercial Practices. Contracts for: (a) goods estimated to cost the equivalent of less than $4,000,000 5,000,000 per contract; and (b) works estimated to cost the equivalent of less than $4,000,000 5,000,000 per contract, may be awarded in accordance with the established commercial practices of the Beneficiary Enterprise, due account being taken also of other relevant factors such as time of delivery and efficiency and reliability thereof and availability of maintenance and spare parts.

Commercial Practices. Contracts for: (a) goods estimated to cost the equivalent of less than $4,000,000 5,000,000 per contract; and (b) works estimated to cost the equivalent of less than $4,000,000 1,000,000 per contract, may be awarded in accordance with the established commercial practices of the Beneficiary Enterprise, due account being taken also of other relevant factors such as time of delivery and efficiency and reliability thereof and availability of maintenance and spare parts.