Common use of Valuation of Contracts Clause in Contracts

Valuation of Contracts. 1 The following provisions shall apply in determining the value of contracts for purposes of implementing this Part. 2 Valuation shall take into account all forms of remuneration, including any premiums, fees, commissions and interest receivable. 3 The selection of a valuation method by a government body shall not be made, nor shall any procurement requirement be divided, with the intention of avoiding the application of this Part. 4 In cases where an intended procurement specifies the need for option clauses, the basis for valuation shall be the total value of the maximum permissible procurement, inclusive of optional purchases.

Valuation of Contracts. 1 The following provisions shall apply in In determining the value of contracts for the purposes of implementing this Part. 2 Valuation Chapter: (a) valuation shall take into account all forms of remuneration, including any premiums, fees, commissions and interest receivable. 3 The ; (b) the selection of a the valuation method by a government body procuring entity shall not be madeused, nor shall any procurement requirement be divided, with the intention of avoiding the application of this Part. 4 In Chapter; and (c) in cases where an intended procurement specifies the need for option clauses, the basis for valuation shall be the total value of the maximum permissible procurement, inclusive of optional purchases.