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.g.: The Purchaser shall award the Call-off Contract to the Supplier whose Bid(s) has been determined to be: substantially responsive to the ITQ; and the lowest evaluated cost not exceeding the adjusted base price in the Framework Agreement; deadline for submission of quotes; reference the Call-off Contract Terms and Conditions of supply, which are to apply to the purchase any other relevant information. Suppliers may not quote a price that is greater than the price stated in the Framework Agreement, Schedule 2, as adjusted by the agreed price adjustment formula, if applicable. A Supplier may quote discounts for bulk purchases that may be awarded in call-off contract. The Purchaser shall evaluate the quotes and identify the lowest price conforming quote not exceeding the adjusted base price in the Framework Agreement, for award of the Call-off Contract. Procedure for awarding a Call-off Contract [Describe the procedure that applies to awarding a Call-off Contract e.g.] Following the selection of a suitable Supplier, by applying a Secondary Procurement method as described above, a Call-off Contracts is formed by the Purchaser by completing and sending the Call-off Contract (reference Form CC-1) to the Supplier. At this point there is a legally binding contract for the supply and delivery of the specified Goods, and if required, Related Services, between the Purchaser named in the Call-off Contract, and the Supplier. SCHEDULE 4: Call-off Contract General Conditions of Contract Table of Clauses 1. Definitions 102
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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:

  • Public Procurement 1. The Parties consider the liberalization of their respective public procurement markets as an objective of this Agreement.

  • Cooperative Procurement To the maximum extent permitted by applicable law, we agree that this Agreement may be used as a cooperative procurement vehicle by eligible jurisdictions. We reserve the right to negotiate and customize the terms and conditions set forth herein, including but not limited to pricing, to the scope and circumstances of that cooperative procurement.

  • Required Procurement Procedures for Obtaining Goods and Services The Grantee shall provide maximum open competition when procuring goods and services related to the grant-assisted project in accordance with Section 287.057, Florida Statutes.

  • 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.

  • Procurement Plan 8. The Borrower shall update the Procurement Plan as needed throughout implementation of the Project, and on each anniversary of the Effective Date, the Borrower shall in consultation with ADB determine whether the Procurement Plan needs to be updated. The Borrower shall implement the Procurement Plan in the manner in which it has been approved by ADB.

  • 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 the HUB Program at 000-000-0000 or toll-free in Texas at 0-000-000-0000.

  • 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.

  • Failure to Procure Insurance Failure on the part of Provider, or any of its subcontractors, to procure or maintain required insurance shall constitute a material breach of contract under which the District may immediately terminate this Agreement.

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