Minor Value definition

Minor Value means a monetary value which is not in excess of the monetary thresholds set for any approving authority by the Bureau;

Minor Value means the monetary amount specified as the minor value in Schedule 1;

Minor Value means a monetary value which is not in excess of the monetary thresholds set for any approving authority by the Bureau; “monetary threshold” means the value limit in Naira set by the Bureau outside of which an approving authority may not award a procurement contract;

Examples of Minor Value in a sentence

• Variation to quantities of Minor Value Item:The limit for varying quantities for minor value items shall be 100% (as against 25% prescribed for other items).

• Procurement Methods 47 Open Bidding (OB) 47 Bidding through Universal Commodity Exchange (UCE) 47 Request for Quotations 48 Single Source procurement 48 Minor Value Contracts (MVC) 48 Bidding documents 49 C.

• Proposed Solution Methodology Meets requirement with Minor Value Add The Respondent demonstrates that they are able to meet the Ministry’s requirements and business objectives.

• The methods used included National Competitive Tendering, Restricted Tendering, Direct Contracting, Competitive Quotation, Single Source and Minor Value Procurement.Nonetheless, in most cases National Competitive Tendering method was highly used in order to maximize competition as required by the PPA 2004.

• The contents of the call and the guidance information which was provided were discussed during the face to face meeting of the Task Group held in Geneva, during the 50th Session of the IPCC.

More Definitions of Minor Value

Minor Value means an amount of money up to a maximum limit for the procurement of goods or works of a minor nature as specified in Third Schedule to these Regulations or as determined each year by the Minister;

Minor Value means an amount of money up to a maximum limit for the procurement of goods, works and services of a minor nature, to be determined each year by the Minister;

Minor Value means an amount of money up to a maximum limit for the procurement of goods, works or consultancy of a minor nature;

Minor Value means an amount of money up to a maximum limit for the

Minor Value means limit for the procurement of services specified in the Second Schedule to these Regulations or as may be determined by the Minister;

Minor Value means a monetary

Minor Value means a monetary value which is not in excess of the monetary thresholdsset for any approving authority by the Commission;