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.