Examples of Dynamic Purchasing System in a sentence
A Dynamic Purchasing System (DPS) is an entirely electronic system where suppliers are able to express an interest and be evaluated against a defined set of suitability criteria in order to gain access to the DPS.
It is important that 25this secret never becomes visible outside the card, even to the SD (or else anyone in temporary possession of the card could obtain it with a corrupt SD).
The Council’s Corporate Procurement Officer must always be consulted before any action is taken to establish a Dynamic Purchasing System.
In the case of Framework Agreements or Dynamic Purchasing Systems the contract value must be calculated to include the total estimated value, net of VAT, of all the contracts envisaged to be awarded for the total term of the Framework Agreement or the Dynamic Purchasing System.
The above Thresholds also apply where a Contract is sourced via a Framework or Dynamic Purchasing System, but there are key differences relating to the minimum number of quotes/tenders that must be sought.