Examples of Method of Procurement in a sentence
For all contracts for which a Competitive Method of Procurement is used, the Executive Director (or, where applicable, the Consultant Committee) shall in writing specify criteria by which potential Offerors (and their Responses) are to be evaluated (the “Selection Criteria”).
If the Board appoints a Consultant Committee, then the Consultant Committee shall be responsible for recommending Offerors and Responses (as selected pursuant to a Competitive Method of Procurement) to the Board of Directors.
For every Competitive Method of Procurement, the Executive Director or, at the Executive Director’s designation, the head of the contract administration unit for NYCEDC, shall name one or more individuals to act on behalf of the Corporation for the purpose of receiving questions from, and providing information to, bidders, respondents or other offerors (or if individuals are acting on behalf of entities that are bidders, respondents or other offerors, then, to such individuals) (the “Offeror(s)”).
The Board of Directors may (but shall not be obligated to) appoint a Selection Consultant Committee (the “Consultant Committee”) to evaluate and recommend Offerors and their Responses for any Supplies and/or Services for which a Competitive Method of Procurement is used.
For exempt contracts for which the product or service to be procured is available only from a single vendor: Method of Procurement: The determination as to whether a procurement shall be made as a sole source shall be made by the Chief Investment Officer, in writing, and must state the basis for the decision.
To be considered in a Competitive Method of Procurement, an Offeror must satisfy (and to the extent possible demonstrate in its Response that it satisfies) the Minimum Requirements.
The Corporation may procure NYCEDC as the contractor for providing services for the administration and operation of the Corporation, and may do so without competition and without complying with any other Method of Procurement.
Category Method of Procurement Threshold (US$ Equivalent) Category Method of Procurement Threshold (US$ Equivalent) The prior-review thresholds will be reviewed during the implementation of the project and modified, based on the risk assessment.
For exempt contracts in excess of $50,000, only in the event of a sudden unexpected occurrence or condition which the Chief Investment Officer could not reasonably foresee: Method of Procurement: An emergency procurement shall be limited to the procurement of only the types and quantities of items necessary to avoid or to mitigate serious damage to public health, safety, or welfare.
Notwithstanding any other provision of this Policy, if there is a federal, State or City contract for Supplies and/or Services that permits the Corporation to utilize such contract or to obtain Supplies and/or Services from the contractor under substantially similar terms, the Corporation may utilize such existing contract (or enter into a new contract on substantially similar terms) without using any Competitive Method of Procurement.