High Value Contract definition

High Value Contract means a contract with an aggregate Contract Value of at least £200,000 (over a period of three years) or with a one-off or annual contract value (spend) of at least £100,000, whichever is lower.
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High Value Contract means a contract subject to the Mandatory Minimum Requirements, which apply where:
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High Value Contract means a contract where:
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Examples of High Value Contract in a sentence

  • Except in an Emergency or where specific departmental processes have been approved for early termination or suspension (e.g. in Safeguarding cases) no High Value Contract shall be terminated or suspended without the express approval of the Procurement Board.

  • Procurement Strategy reports must be prepared before any procurement for such contract with a Contract Value of £50,000 or more is commenced, but where such contract is a High Value Contract, such report shall be submitted for consideration and approval by the relevant Chief Officer rather than the Procurement Board.

  • However, if the High Value Contract is also above the Threshold, then the Award Criteria for the Tender stage(s) must also be published, together with the draft contract and method statement questions that are used to evaluate against the Award Criteria.

  • For a High Value Contract you also need to ascertain whether the contract spend will be from Capital or Revenue.

  • Prior to starting any tendering exercise for a High Value Contract, the Service Review Team must prepare a report template on the Intranet) for approval of the Procurement Strategy for the procurement.

  • Where a procurement exercise is for a High Value Contract, a formal Tender Appraisal Panel (TAP) must be set up to ensure that the Council receives value for money and to demonstrate transparency.

  • Indigenous Procurement Policy - Option 2 (High Value Contract) This option 2 applies if the Contract is a High Value Contract.

  • All High Value Contract Tenders shall be addressed to the Council's Democratic Services Manager and the Tender shall remain in the custody of the Democratic Services Manager until the time appointed for its opening.

  • INDIGENOUS procurement policy Indigenous Procurement Policy - Option 1 (Non High Value Contract) This option 1 applies if the Contract is not a High Value Contract.

  • Commercial (Financial) bids must be scanned and submitted in USD/INR format only.


More Definitions of High Value Contract

High Value Contract means a contract with an aggregate Contract Value of at least
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High Value Contract means a contract estimated to have a value above the Bid Committee
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High Value Contract means a contract whose total value (including any amounts payable or another form of consideration) exceeds £100,000 and High Value Contracts shall be construed accordingly;
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High Value Contract means a contract estimated to have a value above the Bid Committee award limit as set out in Chapter 195 (Purchasing) of the City of Toronto Municipal Code;
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High Value Contract means either a contract with a one-off expenditure or annual value of £100,000 per annum or a contract which exceeds the thresholds set out in the Regulations.a contract with an aggregate Contract Value of at least£200,000 (over a period of three years) or with a one-off or annual contract value (spend) of at least £100,000, whichever is lower.
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High Value Contract means a contract subject to the Mandatory Minimum Requirements, which apply where: the Goods and/or Services will be wholly delivered in Australia; the value of the Goods and/or Services is $7.5 million (GST inclusive) or more; more than half the value of the contract is being spent in one or more of the following industry sectors: building, construction and maintenance services;transportation, storage and mail services;education and training services;industrial cleaning services;farming and fishing and forestry and wildlife contracting services;
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Related to High Value Contract

  • Cash Value Insurance Contract means an Insurance Contract (other than an indemnity reinsurance contract between two insurance companies) that has a Cash Value greater than $50,000.

  • SPS AER Value means the Underlying Reference Value.

  • Value of Contract means the sum accepted or the sum calculated in accordance with the prices accepted in Tender and/or the Contract rates as payable to the Contractor for the entire execution and full completion of the work.

  • distance contract means a contract concluded between a trader and a consumer under an organised distance sales or service-provision scheme without the simultaneous physical presence of the trader and the consumer, with the exclusive use of one or more means of distance communication up to and including the time at which the contract is concluded;

  • 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.

  • CFD Contract or "CFD" shall mean a contract which is a contract for difference by reference to fluctuations in the price of the relevant security or index;

  • Prime Contract means the contract between LOCKHEED MARTIN and the U.S. Government or between LOCKHEED MARTIN and its higher-tier contractor who has a contract with the U.S. Government.

  • sub-contract means the primary contractor’s assigning, leasing, making out work to, or employing, another person to support such primary contractor in the execution of part of a project in terms of the contract;

  • Unadjusted Benchmark Replacement means the applicable Benchmark Replacement excluding the related Benchmark Replacement Adjustment.

  • Stored-value card means a record evidencing a promise made