Common use of Competitive Bids Clause in Contracts

Competitive Bids. Grantee shall, with respect to all contracts and/or purchases exceeding $325,000 for services, commodities, or construction or renovations to public property in connection with the Project, obtain or cause to be obtained, competitive bids or proposals when required under applicable statutes. Grantee shall upload a copy of the applicable statutes to Triumph’s SmartSheet system upon request. Grantee shall notify Triumph in writing of the proposed award, and Triumph shall thereafter have fifteen (15) days to approve or disapprove the award. Triumph’s failure to either approve or disapprove within such fifteen (15) day period shall be deemed approved.

Appears in 4 contracts

Samples: Grant Award Agreement, Grant Agreement, Grant Award Agreement

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