Procurement Policy Clause Samples
A Procurement Policy clause establishes the rules and procedures an organization must follow when acquiring goods or services. It typically outlines requirements for competitive bidding, vendor selection criteria, and approval processes to ensure transparency and fairness in purchasing decisions. By setting clear standards for procurement activities, this clause helps prevent conflicts of interest, promotes cost-effectiveness, and ensures compliance with legal or regulatory obligations.
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Procurement Policy. SUPPLIER will purchase all Components to meet the latest approved Build Plan. BUYER shall not be liable for any purchased Components unless pre-approved by BUYER in writing other than the Build Plan. As a guideline, SUPPLIER will not transform Components into a non-returnable condition (e.g., programming of flash memory, tape and reeling Components supplied in trays) at any Approved Manufacturing Location in excess of the quantity necessary to meet the Product cycle times according to Exhibit D attached hereto. Exceptions will be granted for items that are packaged in large quantities and are considered non-cancellable, nonreturnable by the SUPPLIER once the packaging is opened or a piece is consumed. [***]. BUYER agrees that within the Products being manufactured, there are standard parts, non-standard parts and non-cancellable, non-returnable parts. BUYER’s maximum liability for standard parts will be to the Build Plan or the Components Lead-time whichever is less, and which cannot be returned for credit or consumed on any other of the SUPPLIER’s manufactured products, with the exception of items that are packaged in large quantities and such large package quantities must be approved by BUYER in writing. BUYER’s maximum liability for non-standard parts will be to the Build Plan or the Components Lead-time whichever is less plus any Components held in VMI which cannot be returned for credit or consumed on any other of the SUPPLIER’s manufactured products, plus Components on-order within the Component Lead-time cancellation window (SUPPLIER will use best efforts to cancel or mitigate BUYER’s exposure). BUYER’s maximum liability for non-cancellable, non-returnable parts will be to the inventory on-hand plus the total quantity on-order. Each Product-specific Statement of Work will identify any requirements that deviate from these guidelines. [***].
Procurement Policy. Procurement for ▇▇▇▇▇ ▇▇▇▇ has provided a transparent, open, and fair opportunity for all eligible Contractors to participate. This bid has been made without collusion with any other person, firm or corporation making any bid or proposal, or who otherwise makes a bid or proposal. The Contractor must have available Contract or purchase order with the required approvals to receive payment for goods or services rendered. If the Contractor performs any work without a valid Contract or purchase order, the Contractor will not be paid. In addition to other provisions required by the Federal agency or non-Federal entity, all contracts made by the non-Federal entity under the Federal award must contain provisions covering the following, as applicable.
(A) Contracts for more than the simplified acquisition threshold, which is the inflation adjusted amount determined by the Civilian Agency Acquisition Council and the Defense Acquisition Regulations Council as authorized by 41 U.S.C. § 1908, must address administrative, contractual, or legal remedies in instances where contractors violate or breach contract terms, and provide for such sanctions and penalties as appropriate.
(B) All contracts in excess of $10,000 must address termination for cause and for convenience by the non- Federal entity including the manner by which it will be effected and the basis for settlement.
Procurement Policy. Contractor shall comply with the Conflict of Interest and Procurement Policy for Nonprofit Corporations Contracting with the City of San Diego, attached hereto as Exhibit E. Neither the Contractor nor any of its board members shall have a financial interest in any contract awarded for the District.
Procurement Policy. Bids will be awarded in accordance with the Preferential Procurement Regulations, 2001 pertaining to the Preferential Procurement Policy Framework Act, No 5 of 2000 and its amendments as well as the Municipality’s Supply Chain Management Policy.
Procurement Policy. Procurement for the City of Detroit has provided a transparent, open, and fair opportunity for all eligible Contractors to participate. This bid has been made without collusion with any oth- er person, firm or corporation making any bid or proposal, or who otherwise makes a bid or pro- posal. The Contractor must have a valid Contract or purchase order with the signature of the Chief Procurement Officer to receive payment for goods or services rendered. If the Contractor performs any work without a valid Contract or purchase order, the Contractor will not be paid.
Procurement Policy. (1) The Contractor must comply with ethical business standards and practices in its procurement activities and must have an established procurement policy, which is generally consistent to the Town’s Procurement Policy, available from the Town upon request.
(2) The Contractor’s procurement policy should ensure appropriate contesting processes are conducted, and quality, price, delivery, environmental sustainability and service must generally be considered the main criteria in assessing the procurement of goods and services. Other criteria to be considered may include experience, conformance with specifications and project specific matters.
(3) No contract that has any financial consequences or liability beyond the Contract Term maybe entered into without the prior written permission of Council.
Procurement Policy. In the event that CORNERSTONE makes purchases on behalf of the ACADEMY with the ACADEMY's funds, CORNERSTONE, acting on behalf of the ACADEMY, shall comply with Section 1274 of the Code, MCL 380.1274, as if the ACADEMY were making such purchases directly from a third party.
Procurement Policy. 1. The Subrecipient shall competitively procure any third-party goods and/or services with funding provided by this contract and follow the procurement requirements contained in the County of Orange Procurement Manual, or EDD Directive WSD17-08, whichever is more restrictive, unless the subrecipient’s own written procurement policies and procedures are more restrictive, in which case those must be followed. If subrecipient may also use their own documented procurement procedures as long as they are consistent with applicable state and local laws and regulations, and the procurements conform to the applicable standards in Uniform Guidance Sections 200.318 through 200.326.
Procurement Policy. The Partners as at the date of this Agreement are working towards the creation of a Joint Procurement Policy.
Procurement Policy. SAVOR will provide a written policy to address and consider environmental issues during the procurement and purchasing process. SAVOR will purchase recycled content supplies and products for its operation to the extent it is available, and will comply with any environmentally responsible purchasing policies established by the City for its facilities during the term of this contract. The policy should have a focus on buying regionally and using organic and sustainable materials when possible. This policy should include processes to communicate the “Sustainability Policy” and procurement plans to vendors and encourage their participation with the operator to address their product or services environmental impact.