Formal written price quotations definition

Formal written price quotations means quotations referred to in paragraph 12 (1) (c) of this policy;
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Formal written price quotations means quotations in writing;
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Formal written price quotations means quotations for items or services to a value of more than R 10 000. Refer to paragpraph 14 (1) (c).
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Examples of Formal written price quotations in a sentence

  • Regulation 17 of the Municipal Supply Chain Management Regulations dealing with Formal written price quotations allows the municipality where it is not possible to obtain at least three quotations that reasons be recorded and approved by the Chief Financial Officer.

  • Enjoy the tax exemptions and benefits that the laws recognize in favor of the same, under the terms and conditions provided in the current regulations.

  • Formal written price quotations shall be required for procurements of a transaction value over R 30 000.00 up to R 200 000.00 (VAT included).

  • Written or verbal quotations be obtained for any specific procurement of a transaction value lower than R2 000; (ii) Formal written price quotations be obtained for any specific procurement of a (iii) transaction value lower than R10 000; or (iv) A competitive bidding process be followed for any specific procurement of a transaction value lower than R200 000.

  • When using the list of accredited prospective providers the accounting officer must promote ongoing competition amongst providers by inviting providers to submit quotations on a rotation basis; 4.3.5.2 Formal written price quotations The conditions for the procurement of goods or services above R500.00, are as follows:a) quotations must be obtained in writing from at least three different providers whose names appear on the list of accredited prospective providers of the municipality.

  • Much later, the German philosopher Kant, in his Critique of Pure Rea- son, used the powerful image of the Copernican shift to describe his un- derstanding that it is not reason that adapts itself to the sensations of the objects, but the sensations of the objects that adapt to the pre-established structures of reason.

  • At December 31, 2018, approximately $630,000 of the Foundation’s cash on hand or cash on deposit was FDIC insured, approximately $2,587,000 was uninsured.

  • Formal written price quotations are invited from qualifying suppliers for the SUPPLY DELIVERY OF MATERIALS AND LABOUR / INSTALLATION TO EXTEND OVERHEAD POWER LINE AT MIDDELBURG DAM.

  • DEPARTMENT PARKS AND RECREATION Formal written price quotations are invited from qualifying suppliers for the SUPPLY DELIVERY AND LABOUR TO REPLACE A 70 METER ELECTRIC CABLE AT THE CIVIC CENTRE SPECIFICATIONS FOR THE SUPPLY DELIVERY AND LABOUR: Material list: (Prices to be quoted per each) +-70m x 16 x 4 Core SWA cable 10m x Marine cable 4 mm x 4 core+- 70m x Danger tape to be placed on top of cable+- 70m x 1.3meter deep TrenchSite to be cleaned after construction.

  • Formal written price quotation 16.20.1 (a) Formal written price quotations must be obtained from at least three different providers whose names appear on the National Treasury Central Suppliers Database or an approval panel of service providers.


More Definitions of Formal written price quotations

Formal written price quotations means quotations referred to in paragraph 12 (1)
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Formal written price quotations means quotations referred to in paragraph 12 (1) (d) of this policy; “Functionality” means the measurement according to predetermined norms, as set out in the tender specification, of a service or commodity that is designed to be practical and useful, working or operating, taking into account, among other factors, the quality, reliability, viability and durability of a service and the technical capacity and ability of a tenderer; “Fronting” means a deliberate circumvention or attempted circumvention of the "Broad- Based Black Economic Empowerment Act and the Codes of Good Practice; “Head of Department” means a senior manager as defined in the Municipal Finance Management Act and who is responsible for a vote as assigned by the accounting officer; "Imported content" means that portion of the tender price represented by the cost of components, parts or materials which have been or are still to be imported (whether by the supplier or its sub-contractors) and which costs are inclusive of the costs abroad, plus freight
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Formal written price quotations means quotations referred to in paragraph 12(1)(d) of the Municipal Supply Chain Management Regulations (2005);
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Related to Formal written price quotations

  • formal written price quotation means quotations referred to in paragraph 12 (1) (c) of this Policy;

  • written or verbal quotations means quotations referred to in paragraph 12(1)(b) of this Policy.

  • 5-year Mid-Swap Rate Quotations means the arithmetic mean of the bid and offered rates for the annual fixed leg (calculated on a 30/360 day count basis) of a fixed-for-floating euro interest rate swap transaction which:

  • Reference Government Bond Dealer Quotations means, with respect to each Reference Government Bond Dealer and any date of redemption, the arithmetic average, as determined by the Determination Agent, of the bid and offered prices for the Reference Bond (expressed in each case as a percentage of its nominal amount) at the Quotation Time on the Reference Date quoted in writing to the Determination Agent by such Reference Government Bond Dealer; and

  • Request for Quotations means a Written or oral request for prices, rates or other conditions under which a potential Contractor would provide Goods or perform Services, Personal Services or Public Improvements described in the request.

  • Mid-Market Swap Rate Quotation means a quotation (expressed as a percentage rate per annum) for the relevant Mid-Market Swap Rate;

  • Reference German Bund Dealer Quotations means, with respect to each Reference German Bund Dealer and any relevant date, the average as determined by the Issuer of the bid and offered prices for the Comparable German Bund Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Issuer by such Reference German Bund Dealer at or about 3.30 p.m. Frankfurt time, on the third business day (being for this purpose a day on which banks are open for business in Frankfurt and London) preceding the relevant date.

  • Net direct written premiums means direct gross premiums written in this state on insurance policies to which this Act applies, less return premiums thereon and dividends paid or credit to policyholders on such direct business. “Net direct written premiums” does not include premiums on contracts between insurers or reinsurers.

  • Request for Quotation (“RFQ”) means a document or documents containing the specification, and proposed terms and conditions issued to potential suppliers to solicit written Quotations.

  • Day-ahead Loss Price means the Loss Price resulting from the Day-ahead Energy Market.

  • Reference Treasury Dealer Quotations means, with respect to each Reference Treasury Dealer and any redemption date, the average, as determined by the Trustee, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Trustee by such Reference Treasury Dealer at 5:00 p.m., New York City time, on the third business day preceding such redemption date.

  • Reset Price means the price of the relevant Underlying Reference determined by the Calculation Agent by reference to the price obtained by unwinding any underlying related hedging arrangements in respect of the relevant Security during the Unwinding Time Period immediately following the relevant Reset Event Determination Time ;

  • Reference Treasury Dealer Quotation means, with respect to the Reference Treasury Dealer and any redemption date, the average, as determined by the Trustee, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Trustee by such Reference Treasury Dealer at or before 5:00 p.m., New York City time, on the third Business Day preceding such redemption date.

  • Average Wholesale Price or “AWP” means the wholesale price charged on a specific commodity that is assigned by the drug manufacturer and is listed in a nationally-recognized drug pricing file.

  • Volume Weighted Average Price means, for any security as of any date, the daily dollar volume-weighted average price for such security on the Primary Market as reported by Bloomberg through its “Historical Prices – Px Table with Average Daily Volume” functions, or, if no dollar volume-weighted average price is reported for such security by Bloomberg, the average of the highest closing bid price and the lowest closing ask price of any of the market makers for such security as reported in the "pink sheets" by Pink Sheets LLC.

  • SAFE Price means the price per share equal to (x) the Valuation Cap divided by (y) the Fully Diluted Capitalization.

  • Spot Price means the rate of exchange at the time at which such price is to be determined for foreign exchange transactions in the relevant Currency Pair for value on the Spot Date, as determined in good faith: (i) by the Seller, for purposes of Section 5, and (ii) by the Non-Defaulting Party, for purposes of Section 8.

  • Final Index Price means the average of the closing price of the Index on each of ten (10) consecutive trading days immediately preceding the Determination Date.

  • Arithmetic mean means the algebraic sum of data values divided by the number of data values. For example, the sum of the concentration of lead in several soil samples divided by the number of samples is the arithmetic mean.

  • Catalog price means a price included in a catalog, price list, schedule, or other form that is regularly maintained by the manufacturer or vendor, is either published or otherwise available for inspection by customers, and states prices at which sales are currently, or were last, made to a significant number of buyers constituting the general public; and

  • Index Price on a given date means the weighted average (weighted in accordance with the factors listed above) of the closing prices of the companies comprising the Index Group.