Procurement transaction definition

Procurement transaction means all functions that pertain to the obtaining of any goods, services or construction, including description of requirements, selection and solicitation of sources, preparation and award of contract, and all phases of contract administration.
Procurement transaction means all functions that pertain to obtaining all goods, services, or
Procurement transaction means all functions that pertain to obtaining all goods, services, or construction on behalf of an executive agency, including description of requirements, selection and solicitation of sources, preparation and award of contract, and all phases of contract administration where the stated or expected value of the contract is $5 million or more.

Examples of Procurement transaction in a sentence

  • Any inspection of Procurement transaction records under this section shall be subject to reasonable restrictions to ensure the security and integrity of the records.

  • Procurement transaction means a legal instrument by which a recipient or subrecipient purchases property or services it needs to carry out the project or program under its award or subaward, respectively.

  • A Procurement transaction above the Small Purchase maximum dollar amount ($5,000) and below the Large Purchase dollar amount threshold ($72,400 as of January 1, 2008).

  • When a Procurement transaction is awarded using a Formal Competitive Process, unsuccessful suppliers are entitled to a debriefing upon request to obtain feedback on the strengths and weaknesses of their Bid.

  • Authorized Staff and the department responsible for a Procurement transaction will maintain records of supplier performance.


More Definitions of Procurement transaction

Procurement transaction means all functions that pertain to the County’s procurement from nongovernmental sources, including the obtaining of any goods, services or construction, including description of requirements, selection and solicitation of sources, preparation and award of contract, and all phases of contract administration. A Procurement Transaction may or may not result in monetary consideration for either party and applies whether the consideration is monetary or nonmonetary and regardless of whether the County, the contractor, or some third party is providing the consideration.
Procurement transaction means all functions that pertain to the obtaining of any goods, services or construction, including description of requirements, selection and solicitation of sources, preparation and award of contract, and all phases of contract administration. (Ord. No. 3910-89; Ord. No. 5805-02; Ord. No. 7036-14, § 1) Sec. 2-582. - Proscribed participation by public employees in procurement transaction. Except as may be specifically allowed by of § 2.2-3112, subdivisions A2 and A3, Code of Virginia, 1950, as amended, no city employee having official responsibility for a procurement transaction shall participate in that transaction on behalf of the city when the employee knows that:(1) The employee is contemporaneously employed by a bidder, offeror or contractor involved in the procurement transaction; or(2) The employee, the employee's partner, or any member of the employee's immediate family holds a position with a bidder, offeror or contractor such as an officer, director, trustee, partner or the like, or is employed in a capacity involving personal and substantial participation in the procurement transaction, or owns or controls an interest of more than five (5) percent; or
Procurement transaction means a legal instrument by which a recipient or subrecipient purchases property or services it needs to carry out the project or program under its prime award or subaward, respectively. A procurement transaction is distinct both from “subaward” and “procurement contract,” as those terms are defined in this part.
Procurement transaction means all functions that pertain to the obtaining of any goods,
Procurement transaction means all functions that pertain to 283
Procurement transaction means all functions that pertain to obtaining all goods,
Procurement transaction means all functions that pertain to obtaining all goods, services, or construction on behalf of an executive agency, including description of requirements, selection and solicitation of sources, preparation and award of contract, and all phases of contract administration.