Contracts entered into by the Owners’ Committee. Subject to provisions in Schedule 7 to the Ordinance, the procurement of supplies, goods, or services by the Owners’ Committee that involves an amount in excess of or likely to be in excess HK$200,000 (or such other sum as the Secretary for Home Affairs may specify by notice in the Gazette) or an amount which is or is likely to be more than 20% (or such other percentage as the Secretary for Home Affairs may specify by notice in the Gazette) of the Budget or revised Budget of the Financial Year concerned, whichever is lesser, must be by invitation to tender and the standards and guidelines as may be specified in a Code of Practice referred to in section 20A of the Ordinance shall apply to the Owners’ Committee with any appropriate variations.
Contracts entered into by the Owners’ Committee. (a) Subject to sub-clauses (b) and (c) below, the Owners’ Committee shall not enter into any contract for the procurement of any supplies, goods or services the value of which exceeds or is likely to exceed the sum of HK$200,000 or such other sum in substitution therefor as the Secretary for Home and Youth Affairs may specify by notice in the Gazette unless:-
(i) the supplies, goods or services are procured by invitation to tender; and
(ii) the procurement complies with the Code of Practice referred to in Section 20A(1) of the BMO. contract for the procurement of any supplies, goods or services the value of which exceeds or is likely to exceed a sum which is equivalent to twenty per cent (20%) of the annual management budget or such other percentage in substitution therefor as the Secretary for Home and Youth Affairs may specify by notice in Gazette unless:-
