Common use of Commercial Practices Clause in Contracts

Commercial Practices. Goods and related works estimated to cost DEM 2,000,000 or less per contract may be procured at competitive prices, in accordance with the normal commercial practices of the respective Beneficiaries, 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 thereof.

Commercial Practices. Goods and related works estimated to cost DEM 2,000,000 or the equivalent of less than $100,000 per contract may be procured at competitive prices, prices in accordance with the normal commercial practices of the respective Beneficiaries, acceptable to the Bank, 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 thereoftherefor.