Examples of Procuring authority in a sentence
Some Concessionaires increase the total project cost (TPC) by two or three times the original TPC (which is prepared by the Procuring authority (PA)at the time of bidding) to obtain higher grant and debt from PA/ PSBs. This allows the Concessionaire to practically fund the entire construction cost with public funds, while itself contributing zero or negative equity (i.e., taking out the funds of PA/PSBs through diversion or unusually high margin on work performed by the promoter group entities).
The total presumed quantity, both for lot 1 and for lot 2, does not commit the Procuring authority in any way, the same being able, as regards the consumption trends, to undergo an increase or a decrease, also as regards new utilities or the disposal of utilities currently in use.
Steel reinforcement to be procured from any of the producers should be tested (physical test and chemical test) as per required frequencies and as per relevant code of BUREAU OF INDIAN STANDARD by the procuring authority from the laboratory / institution with proper testing infrastructure (preferably NABL accredited), approved by the Procuring authority / Engineer in Charge of the works.
The total presumed quantity, both for Lot 1 and for Lot 2, does not commit the Procuring authority in any way, the same being able, as regards the consumption trends, to undergo an increase or a decrease, also as regards new utilities or the disposal of utilities currently in use.
Once the maximum is reached, the UN Procuring authority may consider termination of the Contract.
However in the event of emergency, the service provider may facilitate in uploading the tender as provided by the concerned authority(s) of Procuring authority through E-mail.
Procuring authority shall be able to verify and record the receipt of EMD in the system.
Bids not accompanied with the EMD or bids accompanied with EMD of inadequate value shall be rejected by the Procuring authority and in such cases bids shall be returned to the bidders unopened.
Procuring authority can select buyer based on price only or combination of price and quality (Most Economically Advantageous Tender (MEAT) (Hlavacova, Heralova, & Matejka, 2014).
Ownership shall not pass to the Procuring Authority unless and until the data and documentation thereof have been tested and accepted in accordance with the conditions of the contract to the entire satisfaction of Procuring authority.