Examples of prescribed sum in a sentence
Prescribed Sum has the meaning given to that term in regulation 3 of theESPR.
Statutory Instrument 2004/3086 and The Rights of Reentry and Forfeiture (Prescribed Sum and Period) (Wales) Regulations 2005.
Public Liability insurance shall be not less than the Prescribed Sum (c ) Other forms of insurance: It is not possible in these orders to determine exactly what levels of specialist insurance should be required for every area of specialist service provision, however where specialist services are being provided, the Board’s Insurance Manager should be consulted when establishing a list of required insurances.
Requirements for the provision of supplies, services or works may be awarded to “in-house” providers without competition as long as such an award is supported by a sound business case and the estimated value of the requirement does not exceed the relevant Prescribed Sum.
The requirements of these Contract Standing Orders apply in full to Trading Operations’ commercial activities, and Services must ensure that where supplies, works or services with an estimated value in excess of the Prescribed Sum are required, sufficient time is built into the project programme to allow for tendering on their behalf by the Trading Operation.