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.

• 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.

• Variation in quantities of individual items beyond 150% will be avoided and would be permitted only in exceptional unavoidable circumstances and shall be paid at 96% of the rate awarded for that item in that particular tender.4. 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).

• Other procurement methods may include Minor Value Procurement (MVP) and Micro (Value) Procurement (MP) to suit the circumstances.

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 or consultancy of a minor nature;

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

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 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 monetary value which is not in excess of the monetary threshold set for any approving body by the RSBoPP from time to time;

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