Common use of Materials and Equipment Procurement Clause in Contracts

Materials and Equipment Procurement. 5.1 The Contractor may, through itself or its Affiliates, procure materials and equipment subject to conditions set forth in this Article 5 and these Procurement Procedures. 5.2 The provisions of this Article 5 shall not apply to lump sum or turnkey contracts/projects. 5.3 In ordering the equipment or materials, the Contractor shall obtain from vendors / manufacturers, such rebates and discounts and such warranties and guarantees that such discounts, guarantees and all other grants and responsibilities shall be for the benefit of Petroleum Operations. 5.4 The Contractor shall: (a) by means of established policies and procedures ensure that its procurement efforts provide the best total value, with proper consideration of quality, services, price, delivery and Operating Costs to the benefit of Petroleum Operations; (b) maintain appropriate records, which shall be kept up to date, clearly documenting procurement activities; (c) provide quarterly and annual inventory of materials and equipment in stock; (d) provide a quarterly listing of excess materials and equipment in its stock list to the National Petroleum Agency; and (e) check the excess materials and equipment listings from other companies operating in the Territory of Sao Tome and Principe to identify materials available in the country prior to initiating any foreign purchase order. 5.5 The Contractor shall initiate and maintain policies and practices, which provide a competitive environment and climate amongst local and overseas suppliers. Competitive quotation processes shall be employed for all local procurement where the estimated value exceeds the equivalent of Xxx Xxxxxxx Xxxxxxxx Xxxxxx Xxxxxx Dollars (U.S $100 000) as follows: (a) fabrication, wherever practicable, shall be done locally. To this effect, the Petroleum Operations recognize and shall accommodate local offers at a premium not exceeding ten percent (10%); and (b) subject to Article 3.1, the Contractor shall give preferences to Sao-Tomean indigenous sub-contractors in the award of contracts. Contracts within the agreed financial limit of the Contractor shall be awarded to only competent Sao-Tomean indigenous sub-contractors possessing the required skill/capability for the execution of such contracts and the Contractor shall notify the National Petroleum Agency accordingly. 5.6 Analysis and recommendation of competitive quotations of a value exceeding the limits established in Article 1.5 shall be transmitted to the National Petroleum Agency for approval before a purchase order is issued to the selected vendor/manufacturer. Approval shall be deemed to have been given if a response has not been received from the National Petroleum Agency within thirty (30) days of receipt by the National Petroleum Agency of the said analysis and recommendations. 5.7 Pre-inspection of the rig, equipment and stock materials of reasonable value shall be jointly carried out at the factory site and/or quay before shipment at the request of either Party.

Materials and Equipment Procurement. 5.1 The Contractor may, through itself or its Affiliates, procure materials and equipment subject to conditions set forth in this Article 5 and these Procurement Procedures. 5.2 The provisions of this Article 5 shall not apply to lump sum or turnkey contracts/projects. 5.3 In ordering the equipment or materials, the Contractor shall obtain from vendors / I manufacturers, such rebates and discounts and such warranties and guarantees that such discounts, guarantees and all other grants and responsibilities shall be for the benefit of Petroleum Operations. 5.4 The Contractor shall: (a) by means of established policies and procedures ensure that its procurement efforts provide the best total value, with proper consideration of quality, services, price, delivery and Operating Costs to the benefit of Petroleum Operations; (b) maintain appropriate records, which shall be kept up to date, clearly documenting procurement activities; (c) provide quarterly and annual inventory of materials and equipment in stock; (d) provide a quarterly listing of excess materials and equipment in its stock list to the National Petroleum Agency; and (e) check the excess materials and equipment listings from other companies operating in the Territory of Sao Tome and Principe to identify materials available in the country prior to initiating any foreign purchase order. 5.5 The Contractor shall initiate and maintain policies and practices, which provide a competitive environment and climate amongst local and overseas suppliers. Competitive quotation processes shall be employed for all local procurement where the estimated value exceeds the equivalent of Xxx Xxxxxxx Xxxxxxxx Xxxxxx Xxxxxx Dollars (U.S $100 000) as follows: (a) fabrication, wherever practicable, practicable shall be done locally. To this effect, the Petroleum Operations recognize and shall accommodate local offers at a premium not exceeding ten percent (10%); and (b) subject to Article 3.1, the Contractor shall give preferences to Sao-Tomean indigenous sub-sub- contractors in the award of contracts. Contracts within the agreed financial limit of the Contractor shall be awarded to only competent Sao-Tomean indigenous sub-contractors possessing the required skill/capability for the execution of such contracts and the Contractor shall notify the National Petroleum Agency accordingly. 5.6 Analysis and recommendation of competitive quotations of a value exceeding the limits established in Article 1.5 shall be transmitted to the National Petroleum Agency for approval before a purchase order is issued to the selected vendor/manufacturer. Approval shall be deemed to have been given if a response has not been received from the National Petroleum Agency within thirty (30) days of receipt by the National Petroleum Agency of the said analysis and recommendations. 5.7 Pre-inspection of the rig, equipment and stock materials of reasonable value shall be jointly carried out at the factory site and/or quay before shipment at the request of either Party.

Materials and Equipment Procurement. 5.1 The Contractor may, through itself or its Affiliates, procure materials and equipment subject to conditions set forth in this Article 5 and these Procurement Procedures. 5.2 The provisions of this Article 5 shall not apply to lump sum or turnkey contracts/projects. 5.3 In ordering the equipment or materials, the Contractor shall obtain from vendors / manufacturers, manufacturers such rebates and discounts and such warranties and guarantees that such discounts, guarantees and all other grants and responsibilities shall be for the benefit of Petroleum Operations. 5.4 The Contractor shall: (a) by means of established policies and procedures ensure that its procurement efforts provide the best total value, with proper consideration of safety, quality, services, price, delivery and Operating Costs to the benefit of Petroleum Operations; (b) maintain appropriate records, which shall be kept up to date, clearly documenting procurement activities; (c) provide quarterly and annual inventory of materials and equipment in stock; (d) provide a quarterly listing of excess materials and equipment in its stock list to the National Petroleum Agency; and (e) check the excess materials and equipment listings from other companies operating in the Territory of Sao Tome and Principe Principe, to identify materials available in the country prior to initiating any foreign purchase order. 5.5 The Contractor shall initiate and maintain policies and practices, which provide a competitive environment and climate amongst local and overseas suppliers. Competitive quotation processes shall be employed for all local procurement where the estimated value exceeds the equivalent of Xxx Xxxxxxx Xxxxxxxx Xxxxxx Xxxxxx Dollars (U.S $100 000) 1,000,000 as follows: (a) fabrication, wherever practicable, practicable shall be done locally. To this effect, the Petroleum Operations recognize and shall accommodate local offers at a premium not exceeding ten percent (10%); and (b) subject to Article 3.1, the Contractor shall give preferences to Sao-Tomean indigenous sub-sub- contractors in the award of contracts. Contracts within the agreed financial limit of the Contractor shall be awarded to only competent Sao-Tomean indigenous sub-contractors possessing the required skill/capability for the execution of such contracts and the Contractor shall notify the National Petroleum Agency accordingly. 5.6 Analysis and recommendation of competitive quotations of a value exceeding the limits established in Article 1.5 shall be transmitted to the National Petroleum Agency for approval before a purchase order is issued to the selected vendor/manufacturer. Approval shall be deemed to have been given if a response has not been received from the National Petroleum Agency within thirty (30) days of receipt by the National Petroleum Agency of the said analysis and recommendations. 5.7 Pre-inspection of the rig, equipment and stock materials of reasonable value shall be jointly carried out at the factory site and/or quay before shipment at the request of either Party.

Materials and Equipment Procurement. 5.1 The Contractor may, through itself or its Affiliates, procure materials and equipment subject to conditions set forth in this Article 5 and these Procurement Procedures. 5.2 The provisions of this Article 5 shall not apply to lump sum or turnkey contracts/projects. 5.3 In ordering the equipment or materials, the Contractor shall obtain from vendors / I manufacturers, such rebates and discounts and such warranties and guarantees that such discounts, guarantees and all other grants and responsibilities shall be for the benefit of Petroleum Operations. 5.4 The Contractor shall: (a) by means of established policies and procedures ensure that its procurement efforts provide the best total value, with proper consideration of quality, services, price, delivery and Operating Costs to the benefit of Petroleum Operations; (b) maintain appropriate records, which shall be kept up to date, clearly documenting procurement activities; (c) provide quarterly and annual inventory of materials and equipment in stock; (d) provide a quarterly listing of excess materials and equipment in its stock list to the National Petroleum Agency; and (e) check the excess materials and equipment listings from other companies operating in the Territory of Sao Tome and Principe to identify materials available in the country prior to initiating any foreign purchase order. 5.5 The Contractor shall initiate and maintain policies and practices, which provide a competitive environment and climate amongst local and overseas suppliers. Competitive quotation processes shall be employed for all local procurement where the estimated value exceeds the equivalent of Xxx Xxxxxxx Xxxxxxxx Xxxxxx Xxxxxx Dollars (U.S $100 000) as follows: (a) fabrication, wherever practicable, shall be done locally. To this effect, the Petroleum Operations recognize and shall accommodate local offers at a premium not exceeding ten percent (10%); and (b) subject to Article 3.1, the Contractor shall give preferences to Sao-Tomean indigenous sub-contractors in the award of contracts. Contracts within the agreed financial limit of the Contractor shall be awarded to only competent Sao-Tomean indigenous sub-contractors possessing the required skill/capability for the execution of such contracts and the Contractor shall notify the National Petroleum Agency accordingly. 5.6 Analysis and recommendation of competitive quotations of a value exceeding the limits established in Article 1.5 shall be transmitted to the National Petroleum Agency for approval before a purchase order is issued to the selected vendor/manufacturer. Approval shall be deemed to have been given if a response has not been received from the National Petroleum Agency within thirty (30) days of receipt by the National Petroleum Agency of the said analysis and recommendations. 5.7 Pre-inspection of the rig, equipment and stock materials of reasonable value shall be jointly carried out at the factory site and/or quay before shipment at the request of either Party.

Materials and Equipment Procurement. 5.1 The Contractor may, through itself or its Affiliates, procure materials and equipment subject to conditions set forth in this Article 5 ‎5 and these Procurement Procedures. 5.2 The provisions of this Article 5 ‎5 shall not apply to lump sum or turnkey contracts/projects. 5.3 In ordering the equipment or materials, the Contractor shall obtain from vendors / manufacturers, manufacturers such rebates and discounts and such warranties and guarantees that such discounts, guarantees and all other grants and responsibilities shall be for the benefit of Petroleum Operations. 5.4 The Contractor shall: (a) by means of established policies and procedures ensure that its procurement efforts provide the best total value, with proper consideration of safety, quality, services, price, delivery and Operating Costs to the benefit of Petroleum Operations; (b) maintain appropriate records, which shall be kept up to date, clearly documenting procurement activities; (c) provide quarterly and annual inventory of materials and equipment in stock; (d) provide a quarterly listing of excess materials and equipment in its stock list to the National Petroleum Agency; and (e) check the excess materials and equipment listings from other companies operating in the Territory of Sao Tome and Principe Principe, to identify materials available in the country prior to initiating any foreign purchase order. 5.5 The Contractor shall initiate and maintain policies and practices, which provide a competitive environment and climate amongst local and overseas suppliers. Competitive quotation processes shall be employed for all local procurement where the estimated value exceeds the equivalent of Xxx Xxxxxxx Xxxxxxxx Xxxxxx Xxxxxx Dollars (U.S $100 000) 1,000,000 as follows: (a) fabrication, wherever practicable, practicable shall be done locally. To this effect, the Petroleum Operations recognize and shall accommodate local offers at a premium not exceeding ten percent (10%); and (b) subject to Article 3.1‎3.1, the Contractor shall give preferences to Sao-Tomean indigenous sub-contractors in the award of contracts. Contracts within the agreed financial limit of the Contractor shall be awarded to only competent Sao-Tomean indigenous sub-contractors possessing the required skill/capability for the execution of such contracts and the Contractor shall notify the National Petroleum Agency accordingly. 5.6 Analysis and recommendation of competitive quotations of a value exceeding the limits established in Article 1.5 ‎1.5 shall be transmitted to the National Petroleum Agency for approval before a purchase order is issued to the selected vendor/manufacturer. Approval shall be deemed to have been given if a response has not been received from the National Petroleum Agency within thirty (30) days of receipt by the National Petroleum Agency of the said analysis and recommendations. 5.7 Pre-inspection of the rig, equipment and stock materials of reasonable value shall be jointly carried out at the factory site and/or quay before shipment at the request of either Party.

Materials and Equipment Procurement. 5.1 The Contractor may, through itself or its Affiliates, procure materials and equipment subject to conditions set forth in this Article 5 and these Procurement Procedures. 5.2 The provisions of this Article 5 shall not apply to lump sum or turnkey contracts/projects. 5.3 In ordering the equipment or materials, the Contractor shall obtain from vendors / manufacturers, manufacturers such rebates and discounts and such warranties and guarantees that such discounts, guarantees and all other grants and responsibilities shall be for the benefit of Petroleum Operations. 5.4 The Contractor shall: (a) by means of established policies and procedures ensure that its procurement efforts provide the best total value, with proper consideration of safety, quality, services, price, delivery and Operating Costs to the benefit of Petroleum Operations; (b) maintain appropriate records, which shall be kept up to date, clearly documenting procurement activities; (c) provide quarterly and annual inventory of materials and equipment in stock; (d) provide a quarterly listing of excess materials and equipment in its stock list to the National Petroleum Agency; and (e) check the excess materials and equipment listings from other companies operating in the Territory of Sao Tome and Principe Principe, to identify materials available in the country prior to initiating any foreign purchase order. 5.5 The Contractor shall initiate and maintain policies and practices, which provide a competitive environment and climate amongst local and overseas suppliers. Competitive quotation processes shall be employed for all local procurement where the estimated value exceeds the equivalent of Xxx Xxxxxxx Xxxxxxxx Xxxxxx Xxxxxx Dollars (U.S $100 000) 1,000,000 as follows: (a) fabrication, wherever practicable, practicable shall be done locally. To this effect, the Petroleum Operations recognize and shall accommodate local offers at a premium not exceeding ten percent (10%); and (b) subject to Article 3.1, the Contractor shall give preferences to Sao-Tomean indigenous sub-contractors in the award of contracts. Contracts within the agreed financial limit of the Contractor shall be awarded to only competent Sao-Tomean indigenous sub-contractors possessing the required skill/capability for the execution of such contracts and the Contractor shall notify the National Petroleum Agency accordingly. 5.6 Analysis and recommendation of competitive quotations of a value exceeding the limits established in Article 1.5 shall be transmitted to the National Petroleum Agency for approval before a purchase order is issued to the selected vendor/manufacturer. Approval shall be deemed to have been given if a response has not been received from the National Petroleum Agency within thirty (30) days of receipt by the National Petroleum Agency of the said analysis and recommendations. 5.7 Pre-inspection of the rig, equipment and stock materials of reasonable value shall be jointly carried out at the factory site and/or quay before shipment at the request of either Party.

Materials and Equipment Procurement. 5.1 The Contractor may, through itself or its Affiliates, procure materials and equipment subject to conditions set forth in this Article 5 and these Procurement Procedures. 5.2 The provisions of this Article 5 shall not apply to lump sum or turnkey contracts/projects. 5.3 In ordering the equipment or materials, the Contractor shall obtain from vendors / I manufacturers, such rebates and discounts and such warranties and guarantees that such discounts, guarantees and all other grants and responsibilities shall be for the benefit of Petroleum Operations. 5.4 The Contractor shall: (a) by means of established policies and procedures ensure that its procurement efforts provide the best total value, with proper consideration of quality, services, price, delivery and Operating Costs to the benefit of Petroleum Operations; (b) maintain appropriate records, which shall be kept up to date, clearly documenting procurement activities; (c) provide quarterly and annual inventory of materials and equipment in stock; (d) provide a quarterly listing of excess materials and equipment in its stock list to the National Petroleum Agency; and (e) check the excess materials and equipment listings from other companies operating in the Territory of Sao Tome and Principe to identify materials available in the country prior to initiating any foreign purchase order. 5.5 The Contractor shall initiate and maintain policies and practices, which provide a competitive environment and climate amongst local and overseas suppliers. Competitive quotation processes shall be employed for all local procurement where the estimated value exceeds the equivalent of Xxx Xxxxxxx Xxxxxxxx Xxxxxx Xxxxxx Dollars (U.S $100 000) as follows: (a) fabrication, wherever practicable, practicable shall be done locally. To this effect, the Petroleum Operations recognize and shall accommodate local offers at a premium not exceeding ten percent (10%); and (b) subject to Article 3.1, the Contractor shall give preferences to Sao-Tomean indigenous sub-contractors in the award of contracts. Contracts within the agreed financial limit of the Contractor shall be awarded to only competent Sao-Tomean indigenous sub-contractors possessing the required skill/capability for the execution of such contracts and the Contractor shall notify the National Petroleum Agency accordingly. 5.6 Analysis and recommendation of competitive quotations of a value exceeding the limits established in Article 1.5 shall be transmitted to the National Petroleum Agency for approval before a purchase order is issued to the selected vendor/manufacturer. Approval shall be deemed to have been given if a response has not been received from the National Petroleum Agency within thirty (30) days of receipt by the National Petroleum Agency of the said analysis and recommendations. 5.7 Pre-inspection of the rig, equipment and stock materials of reasonable value shall be jointly carried out at the factory site and/or quay before shipment at the request of either Party.

Materials and Equipment Procurement. 5.1 The Contractor may, through itself or its Affiliates, procure materials and equipment subject to conditions set forth in this Article 5 and these Procurement Procedures. 5.2 The provisions of this Article 5 shall not apply to lump sum or turnkey contracts/projects. 5.3 In ordering the equipment or materials, the Contractor shall obtain from vendors / I manufacturers, such rebates and discounts and such warranties and guarantees that such discounts, guarantees and all other grants and responsibilities shall be for the benefit of Petroleum Operations. 5.4 The Contractor shall: (a) by means of established policies and procedures ensure that its procurement efforts provide the best total value, with proper consideration of quality, services, price, delivery and Operating Costs to the benefit of Petroleum Operations; (b) maintain appropriate records, which shall be kept up to date, clearly documenting procurement activities; (c) provide quarterly and annual inventory of materials and equipment in stock; (d) provide a quarterly listing of excess materials and equipment in its stock list to the National Petroleum Agency; and (e) check the excess materials and equipment listings from other companies operating in the Territory of Sao Tome and Principe to identify materials available in the country prior to initiating any foreign purchase order. 5.5 The Contractor shall initiate and maintain policies and practices, which provide a competitive environment and climate amongst local and overseas suppliers. Competitive quotation processes shall be employed for all local procurement where the estimated value exceeds the equivalent of Xxx Xxxxxxx Xxxxxxxx Xxxxxx Xxxxxx One Hundred Thousand United States Dollars (U.S $100 000) as follows: (a) fabrication, wherever practicable, shall be done locally. To this effect, the Petroleum Operations recognize and shall accommodate local offers at a premium not exceeding ten percent (10%); and (b) subject to Article 3.1, the Contractor shall give preferences to Sao-Tomean indigenous sub-contractors in the award of contracts. Contracts within the agreed financial limit of the Contractor shall be awarded to only competent Sao-Tomean indigenous sub-contractors possessing the required skill/capability for the execution of such contracts and the Contractor shall notify the National Petroleum Agency accordingly. 5.6 Analysis and recommendation of competitive quotations of a value exceeding the limits established in Article 1.5 shall be transmitted to the National Petroleum Agency for approval before a purchase order is issued to the selected vendor/manufacturer. Approval shall be deemed to have been given if a response has not been received from the National Petroleum Agency within thirty (30) days of receipt by the National Petroleum Agency of the said analysis and recommendations. 5.7 Pre-inspection of the rig, equipment and stock materials of reasonable value shall be jointly carried out at the factory site and/or quay before shipment at the request of either Party.

Materials and Equipment Procurement. 5.1 The Contractor CONTRACTOR may, through itself own in-house or its Affiliates, parent company procure materials and equipment subject to conditions set forth in this Article 5 and these Procurement Procedures5. 5.2 The provisions of this Article 5 shall not apply to lump sum or turnkey contracts/projects. 5.3 In ordering the equipment or equipment/materials, the Contractor CONTRACTOR shall obtain from vendors / manufacturers, vendors/manufacturers such rebates and rebates/discounts and such warranties and warranties/guarantees that such vendors/manufacturers normally offer, and all rebates, discounts, guarantees and all other grants and responsibilities shall be for the benefit of the Petroleum Operations. 5.4 The Contractor CONTRACTOR shall: (a) by By means of established policies and procedures ensure that its procurement efforts provide the best total value, with proper consideration of quality, servicesservice, price, delivery and Operating Costs to the benefit of the Petroleum Operations; (b) maintain Maintain appropriate records, which shall be kept up to date, clearly documenting procurement activities; (c) provide Provide quarterly and annual inventory of materials and equipment in stock; (d) provide Provide a quarterly listing of excess materials and equipment in its stock list to the National Petroleum AgencyCORPORATION; and (e) check Check the excess materials and equipment listings from other companies operating in the Territory of Sao Tome and Principe companies, to identify materials available in the country prior to initiating any foreign purchase order. 5.5 The Contractor CONTRACTOR shall initiate and maintain policies and practices, practices which provide a competitive environment and environment/climate amongst local and and/or overseas suppliers. Competitive quotation processes shall be employed for all local procurement where the estimated value exceeds the equivalent of Xxx Xxxxxxx Xxxxxxxx Xxxxxx Xxxxxx one hundred thousand U.S. Dollars (U.S $100 000) as follows:100,000). (a) fabricationFabrication, wherever practicable, practicable shall be done locally. To this effect, the Petroleum Operations recognize and shall accommodate local offers at a premium not exceeding ten percent (10%); and (b) subject Subject to Article 3.13.1(a), the Contractor CONTRACTOR shall give preferences preference to Sao-Tomean Nigerian indigenous sub-contractors in the award of contracts. Contracts within the agreed financial limit of the Contractor CONTRACTOR shall be awarded to only competent Sao-Tomean Nigerian indigenous sub-contractors. Where there are no Nigerian indigenous contractors possessing the required skill/capability for the execution of such contracts and contracts, the Contractor CONTRACTOR shall notify the National Petroleum Agency CORPORATION accordingly. 5.6 Analysis Analyses and recommendation recommendations of competitive quotations of a value exceeding the limits established in Article 1.5 1.3 shall be transmitted to the National Petroleum Agency CORPORATION for approval before a purchase order is issued to the selected vendor/manufacturer. Approval shall be deemed to have been given if a response has not been received from the National Petroleum Agency CORPORATION within thirty fifteen (3015) working days of receipt by the National Petroleum Agency CORPORATION of the said analysis analyses and recommendations. 5.7 Pre-inspection of the rig, equipment and equipment/stock materials of reasonable value shall be jointly carried out at the factory site and/or and quay before shipment at the request of either Party.