Fiscal Agent and Procurement Agent Clause Samples
The 'Fiscal Agent and Procurement Agent' clause designates specific parties responsible for managing financial transactions and procurement activities on behalf of an organization or project. Typically, the fiscal agent oversees the receipt, disbursement, and accounting of funds, while the procurement agent handles the acquisition of goods and services according to agreed procedures. This clause ensures clear assignment of these critical administrative roles, thereby promoting accountability, transparency, and efficient management of resources.
Fiscal Agent and Procurement Agent. Unless MCC approves otherwise in writing, Mozambique shall engage a firm with expertise in financial management and reporting to serve as fiscal agent (the “Fiscal Agent”), and an individual or firm with expertise in public procurement and contract management to serve as procurement agent (the “Procurement Agent”). It is expected that the Fiscal Agent and Procurement Agent, respectively, shall assist Mozambique to ensure that all Program-related financial management activities and procurements are conducted in strict compliance with the principles, rules, and procedures set out in this Compact, the Program Guidelines, and related procedures or guidance. The duties of the Fiscal Agent and Procurement Agent, respectively, shall include those set forth in the Program Implementation Agreement, as well as those set forth in the respective agreements, each in form and substance satisfactory to MCC, entered into between Mozambique and each agent. A multi-year financial plan summary (“Multi-Year Financial Plan Summary”) for the Program is attached to this Annex II as Exhibit A. By such time as specified in the Program Implementation Agreement, Mozambique shall adopt, subject to MCC approval, a multi-year financial plan that includes, in addition to the multi-year summary of estimated MCC Funding and the Country Contribution, the annual and quarterly funding requirements for the Program (including administrative costs) and for each Project, projected both on a commitment and cash requirement basis. MULTI-YEAR FINANCIAL PLAN SUMMARY US$ CFF Year 1 Year 2 Year 3 Year 4 Year 5 Total
1.1 Licungo Bridge + Mocuba Bypass $ 17,060,000 $ 32,293,000 $ 34,592,000 $ 58,841,000 $ 24,621,000 $ 33,594,000 $ 201,001,000 1.2 Rural Roads $ 2,440,000 $ 9,793,000 $ 21,192,000 $ 17,036,000 $ 11,269,000 $ 21,769,000 $ 83,499,000
Fiscal Agent and Procurement Agent. Unless MCC agrees otherwise in writing, the Government shall engage an individual or firm with expertise in financial management and reporting to serve as fiscal agent (the “Fiscal Agent”), and an individual or firm with expertise in public procurement and contract management to serve as procurement agent (the “Procurement Agent”). It is expected that the Fiscal Agent and Procurement Agent, respectively, shall help the Government ensure that all Program-related financial management activities and procurements are conducted in strict compliance with the principles, rules, and procedures set out in this Compact and related MCC policies, procedures, or guidance. The duties of the Fiscal Agent and Procurement Agent, respectively, shall include those set forth in the Program Implementation Agreement as well as those set forth in the respective agreements, each in form and substance satisfactory to MCC, entered into between the Government and each agent.
Fiscal Agent and Procurement Agent. Unless MCC approves otherwise in writing, the Government shall engage a firm with expertise in financial management and reporting to serve as fiscal agent (the “Fiscal Agent”), and an individual or firm with expertise in public procurement and contract management to serve as procurement agent (the “Procurement Agent”). It is expected that the Fiscal Agent and Procurement Agent, respectively, shall assist the Government to ensure that all Program-related financial management activities and procurements are conducted in strict compliance with the principles, rules, and procedures set out in this Compact and related MCC policies, procedures, or guidance. The duties of the Fiscal Agent and Procurement Agent, respectively, shall include those set forth in the Program Implementation Agreement, as well as those set forth in the respective agreements, each in form and substance satisfactory to MCC, entered into between the Government and each agent. A multi-year financial plan summary (“Multi-Year Financial Plan Summary”) for the Program is attached to this Annex II as Exhibit A. By such time as specified in the Program Implementation Agreement, the Government shall adopt, subject to MCC approval, a multi-year financial plan that includes, in addition to the multi-year summary of estimated MCC Funding and the Government Contribution, the annual and quarterly funding requirements for the Program (including administrative costs) and for each Project, projected both on a commitment and cash requirement basis. The Government Contribution or “co-investment” of Forty-Eight Million Six Hundred Seventy- Five Thousand Dollars (US$48,675,000) is equal to 7.5% of MCC Funding, meeting the minimum requirements of the Guidelines for Country Contributions. As described in Part A of Annex I, the Compact has been developed in alignment with the priorities of the Government.
Fiscal Agent and Procurement Agent. Unless MCC approves otherwise in writing, MCA-Zambia II shall engage a firm with expertise in financial management and reporting to serve as fiscal agent (the “Fiscal Agent”), and a firm with expertise in public procurement and contract administration and management to serve as procurement agent (the “Procurement Agent”). It is expected that the Fiscal Agent and Procurement Agent, respectively, shall assist MCA-Zambia II to ensure that all Program-related financial management activities and procurements are conducted in strict compliance with the Program Guidelines. The duties of the Fiscal Agent and Procurement Agent, respectively, shall include those set forth in the Program Implementation Agreement, as well as those set forth in the respective agreements, each in form and substance satisfactory to MCC, entered into between MCA-Zambia II and each agent. A multi-year financial plan summary (“Multi-Year Financial Plan Summary”) for the Program is attached to this Annex II as Exhibit A. By such time as specified in the Program Implementation Agreement, Zambia shall adopt, subject to MCC approval, a multi-year financial plan that includes, in addition to the multi-year summary of estimated MCC Funding and the Country Contribution, the annual and quarterly funding requirements for the Program (including administrative costs) and for each Project, projected both on a commitment and cash requirement basis.
Fiscal Agent and Procurement Agent. Unless MCC approves otherwise in writing, Sierra Leone shall engage a firm with expertise in financial management and reporting to serve as fiscal agent (the “Fiscal Agent”), and an individual or firm with expertise in public procurement and contract management to serve as procurement agent (the “Procurement Agent”). It is expected that the Fiscal Agent and Procurement Agent, respectively, shall assist Sierra Leone to ensure that all Program-related financial management activities and procurements are conducted in strict compliance with the principles, rules, and procedures set out in this Compact and related MCC policies, procedures, or guidance. The duties of the Fiscal Agent and Procurement Agent, respectively, shall include those set forth in the Program Implementation Agreement, as well as those set forth in the respective agreements, each in form and substance satisfactory to MCC, entered into between Sierra Leone and each agent. A multi-year financial plan summary (“Multi-Year Financial Plan Summary”) for the Program is attached to this Annex II as Exhibit A. By such time as specified in the Program Implementation Agreement, Sierra Leone shall adopt, subject to MCC approval, a multi-year financial plan that includes, in addition to the multi-year summary of estimated MCC Funding and the Country Contribution, the annual and quarterly funding requirements for the Program (including administrative costs) and for each Project, projected both on a commitment and cash requirement basis. Transmission Dispatch Centers Activity $717,000 $3,265,000 $5,017,000 $6,061,000 $5,253,000 $3,134,000 $23,447,000 Southern Transmission Corridor Activity $9,480,000 $25,430,000 $36,080,000 $43,280,000 $35,140,000 $21,490,000 $170,900,000 Bumbuna-Freetown Line Upgrade Activity $490,000 $3,360,000 $5,280,000 $6,520,000 $5,530,000 $3,210,000 $24,390,000 EGTC Capacity Building Activity $415,000 $955,000 $2,387,500 $2,342,500 $910,000 $955,000 $7,965,000 Distribution Dispatch Centers Activity $2,254,000 $5,190,000 $6,930,000 $7,800,000 $5,310,000 $3,070,000 $30,554,000 Distribution Refurbishment Activity $1,735,000 $5,870,000 $8,940,000 $11,500,000 $10,040,000 $6,250,000 $44,335,000 Access Activity $1,050,000 $3,230,000 $4,840,000 $5,500,000 $6,590,000 $5,640,000 $26,850,000 EDSA Capacity Building Activity $1,045,000 $2,085,000 $5,212,500 $7,297,500 $4,170,000 $2,085,000 $21,895,000 Financial Sustainability Activity $1,900,000 $1,597,500 $2,341,250 $1,507,500 $681,250 $272,500...
Fiscal Agent and Procurement Agent. The procurement process for the acquisition of computer equipment for DGCP and Budget department has been launched following the request from the MFP. After the publication of notices in the newspaper, MCA-CV received 4 proposals that have been submitted to the evaluation committee for consideration.
Fiscal Agent and Procurement Agent. Unless MCC agrees otherwise in writing, the Government shall engage an individual or firm with expertise in financial management and reporting to serve as fiscal agent (the “Fiscal Agent”), and an individual or firm with expertise in public procurement and contract management to serve as procurement agent (the “Procurement Agent”). It is expected that the Fiscal Agent and Procurement Agent, respectively, shall help the Government ensure that all Program-related financial management activities and procurements are conducted in strict compliance with the principles, rules, and procedures set out in this Compact and related MCC policies, procedures, or guidance. The duties of the Fiscal Agent and Procurement Agent, respectively, shall include those set forth in the Program Implementation Agreement, as well as those set forth in the respective agreements, each in form and substance satisfactory to MCC, entered into between the Government and each agent. A multi-year financial plan summary (“Multi-Year Financial Plan Summary”) for the Program is attached to this Annex as Exhibit A. By such time as specified in the Program Implementation Agreement, the Government shall adopt, subject to MCC approval, a multi-year financial plan that includes, in addition to the multi-year summary of estimated MCC Funding and the Government Contribution of funds and resources, the annual and quarterly funding requirements for the Program (including administrative costs) and for each Project, projected both on a commitment and cash requirement basis. 1.1 PHC Service Provision 879,000 5,011,000 5,892,000 5,892,000 6,185,000 6,479,000 30,338,000 1.2 DHMT Reform 931,000 3,677,000 4,322,000 4,322,000 4,537,000 4,752,000 22,541,000 1.3 Digital Health 289,000 3,784,000 4,447,000 4,447,000 4,669,000 4,890,000 22,526,000 2.1 Institutional Reform 2.2 Irrigated Horticulture Support Services 2.3 Irrigation Infrastructure Development 3,025,000 4,890,000 5,962,000 3,835,000 4,844,000 12,270,000 3,835,000 4,844,000 12,270,000 3,835,000 4,844,000 12,270,000 3,835,000 4,844,000 12,270,000 3,835,000 4,844,000 12,270,000 22,200,000 29,110,000 67,312,000 3.1 Pipeline Development 3.2 Strengthening the Business Ecosystem 3.3 Financial Ecosystem Strengthening 2,000,000 1,500,000 1,000,000 5,400,000 3,700,000 2,400,000 5,400,000 3,700,000 2,400,000 5,400,000 3,700,000 2,400,000 5,400,000 3,700,000 2,400,000 5,400,000 3,700,000 2,400,000 29,000,000 20,000,000 13,000,000 4.1 American Catalyst Facility for...