SECONDARY PROCUREMENT Sample Clauses

SECONDARY PROCUREMENT. Section X - Secondary Procurement Methods • Section XI – Formation of Call off Contracts • Section XII – Communicating Award of call off contracts • Section XIII– Complaint about award of call off contract • Section XIV – Call off contract General Conditions • Section XV – Call off contract Specific Conditions • Section XVI – Secondary Procurement Forms
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SECONDARY PROCUREMENT. Competitive Quotes The Purchaser will prepare an Invitation to Quote (ITQ) and invite all eligible Suppliers holding a Framework Agreement to submit competitive quotes. This process is called ‘mini-competition’. The ITQ will identify: the Goods, and any Related Services, to be delivered delivery location(s) delivery date(s) or schedule quantity the award criteria, e.
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SECONDARY PROCUREMENT. Contract Price Section B: FA Standard Provision 6 The Contract Price that will apply to the purchase of Goods under a Call-off Contract shall be based on a Mini-competition among FA Holders. Purchaser will invite competitive quotes from all the FA Holders and award the Call-off Contract based on the lowest evaluated cost. During this process a XX Xxxxxx cannot quote more than the price quoted by it during the Primary Procurement Process (as set out in the Framework Agreement, Schedule 2), with the appropriate price adjustment applied at the end of each year, if specified in the Framework Agreement. Repeated failure of a XX Xxxxxx to adhere to this provision or non-participation in Secondary Procurement Process may result in termination of its FA Agreement, by the Procuring Agency. Price adjustment Call-off Contracts shall be awarded through the Secondary Procurement method mini competition, and the price adjustment shall be applied to each Supplier’s base price resulting in adjusted base prices. Suppliers shall not submit Bids or Quotes that are greater than their adjusted base prices. Price adjustment is intended to reflect changes in the cost of labor, material components, or other factors, over the Term of the Framework Agreement. The price adjustment formula that applies is as follows. The adjustment shall be calculated every 12 months and the adjusted price shall remain fixed for the next 12 months: P1 = P0 [a + bL1 + cM1] - P0 L0 M0 a+b+c = 1 in which: P1 = Call-off Contract Price. P0 = Base price, as described in the Framework Agreement, Schedule 2: Price Schedules. a = fixed element representing profits and overheads included in the Contract Price in the amount of [insert number] percent. [Note: number should normally be around fifteen (15) percent]. b = estimated percentage of labor component in the Contract Price. c = estimated percentage of material component in the Contract Price. L0, L1 = labor indices0 applicable to the appropriate industry on the base date and date for adjustment, respectively. M0, M1 = material indices0 for the major raw material on the base date and date for adjustment, respectively. The coefficients and indices are as follows: a = [insert value of coefficient] b = [insert value of coefficient] c = [insert value of coefficient] Base date = [insert specific date which was the date (30) days prior to the deadline for submission of the Bids in the Primary Procurement process] Date of adjustment = base date plus a multiple of ...
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Related to SECONDARY PROCUREMENT

  • Equipment Procurement If responsibility for construction of the Connecting Transmission Owner’s Attachment Facilities or System Upgrade Facilities or System Deliverability Upgrades is to be borne by the Connecting Transmission Owner, then the Connecting Transmission Owner shall commence design of the Connecting Transmission Owner’s Attachment Facilities or System Upgrade Facilities or System Deliverability Upgrades and procure necessary equipment as soon as practicable after all of the following conditions are satisfied, unless the Developer and Connecting Transmission Owner otherwise agree in writing: 5.5.1 NYISO and Connecting Transmission Owner have completed the Interconnection Facilities Study pursuant to the Interconnection Facilities Study Agreement; 5.5.2 The NYISO has completed the required cost allocation analyses, and Developer has accepted his share of the costs for necessary System Upgrade Facilities and System Deliverability Upgrades in accordance with the provisions of Attachment S of the NYISO OATT; 5.5.3 The Connecting Transmission Owner has received written authorization to proceed with design and procurement from the Developer by the date specified in Appendix B hereto; and 5.5.4 The Developer has provided security to the Connecting Transmission Owner in accordance with Article 11.5 by the dates specified in Appendix B hereto.

  • Public Procurement The Parties shall cooperate to develop conditions for open and competitive award of contracts for goods and services in particular through calls for tenders.

  • PROCUREMENT CARD The State has entered into an agreement for purchasing card services. The Purchasing Card enables Authorized Users to make authorized purchases directly from a Contractor without processing Purchase Orders or Purchase Authorizations. Purchasing Cards are issued to selected employees authorized to purchase for the Authorized User and having direct contact with Contractors. Cardholders can make purchases directly from any Contractor that accepts the Purchasing Card. The Contractor shall not process a transaction for payment through the credit card clearinghouse until the purchased Products have been shipped or services performed. Unless the cardholder requests correction or replacement of a defective or faulty Product in accordance with other Contract requirements, the Contractor shall immediately credit a cardholder’s account for Products returned as defective or faulty.

  • Statewide HUB Program Statewide Procurement Division Note: In order for State agencies and institutions of higher education (universities) to be credited for utilizing this business as a HUB, they must award payment under the Certificate/VID Number identified above. Agencies, universities and prime contractors are encouraged to verify the company’s HUB certification prior to issuing a notice of award by accessing the Internet (xxxxx://xxxxx.xxx.xxxxx.xx.xx/tpasscmblsearch/index.jsp) or by contacting

  • Procurement All goods, works and services required for the Project and to be financed out of the proceeds of the Financing shall be procured in accordance with the provisions of Section III of Schedule 2 to the Financing Agreement.

  • PROCUREMENT LOBBYING To the extent this agreement is a "procurement contract" as defined by State Finance Law Sections 139-j and 139-k, by signing this agreement the contractor certifies and affirms that all disclosures made in accordance with State Finance Law Sections 139-j and 139-k are complete, true and accurate. In the event such certification is found to be intentionally false or intentionally incomplete, the State may terminate the agreement by providing written notification to the Contractor in accordance with the terms of the agreement.

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