Common use of Procurement of Small Clause in Contracts

Procurement of Small. Works Except as otherwise provided in paragraph 3 in Part B of this Section, works shall be procured under lump-sum, fixed-price contracts awarded on the basis of quotations obtained from three (3) qualified domestic contractors in response to a written invitation. The invitation shall include a detailed description of the works, including basic specifications, the required completion date, a basic form of agreement acceptable to the Association, and relevant drawings, where applicable. The award shall be made to the contractor who offers the lowest price quotation for the required work, and who has the experience and resources to complete the contract successfully.

Appears in 1 contract

Samples: Project Agreement

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Procurement of Small. Works Except as otherwise provided in paragraph 3 in Part B of this Section, works Works shall be procured under lump-sum, fixed-price contracts awarded on the basis of quotations obtained from three (3) qualified domestic contractors in response to a written invitation. The invitation shall include a detailed description of the works, including basic specifications, the required completion date, a basic form of agreement acceptable to the AssociationBank, and relevant drawings, where applicable. The award shall be made to the contractor who offers the lowest price quotation for the required work, and who has the experience and resources to complete the contract successfully.. Part C: Review by the Bank of Procurement Decisions

Appears in 1 contract

Samples: Grant Agreement

Procurement of Small. Works Except as otherwise provided in paragraph 3 in Part B of this Section, works Works shall be procured under lump-sum, fixed-price contracts awarded on the basis of quotations obtained from three (3) qualified domestic contractors in response to a written invitation. The invitation shall include a detailed description of the works, including basic specifications, the required completion date, a basic form of agreement acceptable to the Association, and relevant drawings, where applicable. The award shall be made to the contractor who offers the lowest price quotation for the required work, and who has the experience and resources to complete the contract successfully.. Part C: Review by the Association of Procurement Decisions

Appears in 1 contract

Samples: Development Credit Agreement

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Procurement of Small. Works Except as otherwise provided in paragraph 3 in Part B of this Section5 below, works shall be procured under lump-sum, fixed-price contracts awarded on the basis of quotations obtained from three (3) qualified domestic contractors in response to a written invitation. The invitation shall include a detailed description of the works, including basic specifications, the required completion date, a basic form of agreement acceptable to the Association, and relevant drawings, where applicable. The award shall be made to the contractor who offers the lowest price quotation for the required work, and who has the experience and resources to complete the contract successfully.

Appears in 1 contract

Samples: Development Credit Agreement

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