Critical Contract definition

Critical Contract means a Contract which must be awarded within a set time period because delay of the award would have a serious adverse effect on the contracting Agency that outweighs the benefits of advertisement in the "New York State Contract Reporter," as determined by the President, and a Senior Officer designated by the President. Examples of Critical Contracts include Contracts related to bond issuances. All Emergency Selection Contracts shall be Critical Contracts. Emergency Foreign Business Enterprise Contracts are not Critical Contracts unless the Agency independently determines those Contracts to be Critical Contacts.
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Critical Contract means a Contract which must be awarded within a set time period because delay of the award would have a serious adverse effect on the Corporation that outweighs the benefits of advertisement in the "New York State Contract Reporter," as determined by the President of the Office responsible for the Procurement. All Emergency Selection Contracts shall be Critical Contracts. Emergency Foreign Business Enterprise Contracts are not Critical Contracts unless the Corporation
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Critical Contract means a Contract which must be awarded within a set time period because delay of the award would have a serious adverse effect on GOSR that outweighs the benefits of advertisement in the "New York State Contract Reporter," as determined by the Executive Director of GOSR. All Emergency Selection Contracts shall be Critical Contracts. Emergency Foreign Business Enterprise Contracts are not Critical Contracts unless GOSR independently determines those Contracts to be Critical Contacts.
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Examples of Critical Contract in a sentence

  • Whenever a Procurement Contract is let or awarded as a Critical Contract, Emergency Contract, Single Source or Sole Source and a notice has not been published in the Contract Reporter prior to the award or letting of the contract as permitted by Paragraph E above, DASNY shall, after the award or letting of the Procurement Contract, publish a notice of such award or letting stating the basis for not publishing advance notice of the procurement.

  • Firstly, data related to the institutional change of limiting resource use and waste production are presented.

  • If the exception is granted, then the information regarding the Critical Contract amendment shall be provided to the Corporation’s Board at its next scheduled meeting.

  • Thecontracting officer will evaluate this item based on whether the carrierprovided OPM a completereconciliation file within the time frame specified.(b) Critical Contract ComplianceRequirements.

  • If, however, an increase in the Contract award is a Critical Contract amendment, then the appropriate senior Officer of the Corporation and the Corporation’s Counsel, or designee, may approve the amendment without prior approval by the Corporation’s Members.

  • The contracting officer will evaluate this sub-element based on the carrier’sdemonstrated record of complying with OPM guidance in reconcilingenrollments and resolving enrollmentdiscrepancies, as well as on the carrier’s demonstrated record of followingdisenrollment procedures in accordance with 5 CFR 890.110 and 890.308 (finalregulations pending).(b) Critical Contract Compliance Requirements.

  • Contract managers should review all contracts with appropriate departmental leadership to determine which contracts are mission critical and what provisions in each are relevant to the COVID-19 pandemic by completing the Mission Critical Contract Tracking Template.

  • A variety of entity structures exist with varying compliance 12:45 p.m. Critical Contract TermsContracts are intended to define rights and obligations, eliminate ambiguity and insulate risks.

  • Pietrina Scaraglino and Marta Thompson, “Documenting the Deal: Critical Contract Terms for Agreements with Non-U.S. Parties” (NACUANOTE, March 9, 2020).2.

  • Where the estimated value of the contract is above £10 million per year or the procurement is for a Critical Contract, Relevant Authorities should include in the draft contract an obligation8 to provide Corporate Resolution Planning Information, based on the resolution planning provisions set out in the MSC once these are available, and state whether or not the contract is a Critical Contract.


More Definitions of Critical Contract

Critical Contract means a contract that is significant to the Council in terms of fulfilling its statutory and service delivery obligations;
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Critical Contract means (i) the Alstom Agreement, (ii) Power Purchase Agreement by and between Central Generadora Eléctrica San Xxxx, Ltda. and Empresa Eléctrica de Guatemala, Sociedad Anónima dated as of November 11, 1996, (iii) Option Agreement by and between Central Generadora Eléctrica San Xxxx, Ltda. and Empresa Eléctrica de Guatemala, Sociedad Anónima dated as of August 16, 2001 in connection with Power Purchase Agreement between the parties dated as of November 11, 1996, and (iv) Interpretive Agreement by and between Central Generadora Eléctrica San Xxxx, Ltda. and Empresa Eléctrica de Guatemala, Sociedad Anónima dated as of January 31, 2006 in connection with Power Purchase Agreement between the parties dated as of November 11, 1996.
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Critical Contract means (i) Power Purchase Agreement by and between Tampa Centro Americana de Electricidad, Ltda. and Empresa Eléctrica de Guatemala, Sociedad Anónima dated as of January 24, 1995, (ii) Power Purchase Extension Agreement by and between Tampa Centro Americana de Electricidad, Ltda. and Empresa Eléctrica de Guatemala, Sociedad Anónima dated as of July 21, 2010.
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Related to Critical Contract

  • Critical control point means a point, step, or procedure in a food proc- ess at which control can be applied, and a food safety hazard can as a result be prevented, eliminated, or reduced to acceptable levels.

  • Electrical contractor means an electrical contractor as defined in the Regulations;

  • Project Contract means any contract between the District or the Corporation and any contractor or vendor regarding the construction, production or other acquisition or installation of any part of an Acquisition Project.

  • Statement of Work means the description of activities performed in completing the Project, as specified in the Contract and as may be amended.

  • Original contractor means a person, including an owner-builder, that contracts with an owner to provide preconstruction service or construction work.

  • Home improvement contract means an oral or written

  • Service Contract means, with respect to a Financed Vehicle, the agreement, if any, financed under the related Receivable that provides for the repair of such Financed Vehicle.

  • Residential contractor means a licensed contractor that holds an endorsement as a:

  • Scope of Work means the description of Services and Deliverables specified in the Contract and as may be amended.

  • Critical Path means those Trade Contractor Work activities identified on the Construction Schedule which, if delayed, will cause a corresponding Delay in the Substantial Completion Date.

  • General Contractor means a person or entity duly licensed in the state of Florida with the requisite skills, experience and credit worthiness to successfully provide the units required in the Application, and which meets the criteria described in Rule 67-48.0072, F.A.C.

  • Individual contract plan means a subcontracting plan that covers the entire contract period (including option periods), applies to a specific contract, and has goals that are based on the offeror’s planned subcontracting in support of the specific contract, except that indirect costs incurred for common or joint purposes may be allocated on a prorated basis to the contract.

  • Critical Component means, in respect of a weapons system referred to in the definition of Prohibited Defense Contract, a component used specifically in the production of the weapon system or plays a direct role in the lethality of the weapon system.

  • Service Level Agreement or SLA means the processes, deliverables, key performance indicators and performance standards relating to the Services to be provided by the Service Provider;

  • Central Contracts and Legal Services means the DSHS central headquarters contracting office, or successor section or office.

  • Service Level Agreements means an agreement between NZX and a Market Participant and/or an Advisor setting out the terms and conditions of use of NZX technology and services;

  • Redevelopment Contract means this redevelopment contract between the Authority and Redeveloper with respect to the Project.

  • Project Contracts means collectively this Agreement, the Land Lease Agreement, the Construction Contract, O&M Contracts (if any) and any other material contract (other than the Financing Documents) entered into or may hereafter be entered into by the Concessionaire in connection with the Project;

  • Home improvement contractor or "contractor" means a person who sells goods and services, or agrees to furnish or render services, to a retail buyer pursuant to a home improvement installment contract, or sells goods and services to a retail buyer pursuant to a home improvement charge agreement, but not in connection with construction of new homes.

  • Major Subcontract means any Subcontract with a Major Subcontractor.

  • Architect’s Contract means Lessee's contract with the Project Architect.

  • Service Subcontract means a subcontract primarily for the furnishing of services, to or for a recipient of Assistance, except where services are incidental to the delivery of products, equipment or commodities. A contract for the purchase or lease of goods, products, equipment, supplies or other property is not a “service subcontract” for the purposes of this definition.

  • Commercial Contract means any written contract to which a VSE Entity is a party (other than a Government Contract or Government Subcontract) which gives rise or may give rise to Receivables.

  • Service Contracts means contracts or agreements, such as maintenance, supply, service or utility contracts.

  • Procurement Contract or “Contract” means any written agreement of the Authority for the acquisition of goods or services of any kind in the actual or estimated amount of $25,000, or more.

  • Contract Work means everything required to be furnished and done by the Contractor by any one or more of the parts of the Contract referred to in Article 1, except Extra Work as hereinafter defined.