PT PCP Subcontract definition

PT PCP Subcontract means a subcontract between a Reporting Entity (having the meaning in the Payment Times Reporting Act 2020 (Cth), as updated from time to time), and another party (Other Party) where: the subcontract is, wholly or in part, for the provision of goods or services for the purposes of the Subcontract; both parties are carrying on business in Australia; and the component of the subcontract for the provision of goods or services for the purposes of the Subcontract has a total value of less than, or is reasonably estimated to not exceed, $1,000,000 (GST inclusive) during the period of the subcontract, not including any options, extensions, renewals or other mechanisms that may be executed over the life of the subcontract (but including work or official orders entered into that are valued at up to $1,000,000 (GST inclusive) under standing offer or panel arrangements), but does not include the following subcontracts: subcontracts entered into prior to the Reporting Entities' tender response for the Subcontractor's Activities and the Subcontract Works; subcontracts which contain standard terms and conditions put forward by the Other Party and which cannot reasonably be negotiated by the Reporting Entity; or subcontracts for the purposes of: procuring and consuming goods or services overseas; or procuring real property, including leases and licences.
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PT PCP Subcontract means a Subcontract between a Reporting Entity and another party (Other Party) where:
Sample 1
PT PCP Subcontract means a subcontract between a Reporting Entity and another party (Other Party) where: the subcontract is, wholly or in part, for the provision of goods or services for the purposes of the Contract; both parties are carrying on business in Australia; and the component of the subcontract for the provision of goods or services for the purposes of the Contract has a total value of less than, or is reasonably estimated to not exceed, $1,000,000 (GST inclusive) during the period of the subcontract, not including any options, extensions, renewals or other mechanisms that may be executed over the life of the subcontract (but including work or official orders entered into that are valued at up to $1,000,000 (GST inclusive) under standing offer or panel arrangements), but does not include the following subcontracts: subcontracts entered into prior to the Reporting Entities' tender response for the Services; subcontracts which contain standard terms and conditions put forward by the Other Party and which cannot reasonably be negotiated by the Reporting Entity; or subcontracts for the purposes of: procuring and consuming goods or services overseas; or procuring real property, including leases and licences; PT PCP Subcontractor means the party that is entitled to receive payment for the provision of goods or services under a PT PCP Subcontract; PTR Act means the Payment Times Reporting Act 2020 (Cth), as amended from time to time, and includes a reference to any subordinate legislation made under the Act; Reporting Entity has the meaning given in the PTR Act; and Reporting Entity Subcontractor means any person that: is Reporting Entity; and provides goods or services directly or indirectly to the Consultant for the purposes of the Contract where the value of such goods or services are estimated to exceed $4,000,000 (GST inclusive), and Reporting Entity Subcontract has a corresponding meaning.
Sample 1

Examples of PT PCP Subcontract in a sentence

  • The party that is entitled to receive payment for the provision of goods or services under a PT PCP Subcontract.

  • An invoice which is: rendered in accordance with all of the requirements of the PT PCP Subcontract; and for amounts that are correctly calculated and due for payment and payable under the PT PCP Subcontract.

  • If the Contractor enters into a PT PCP Subcontract, the Contractor must include in the PT PCP Subcontract: a requirement for the Contractor to pay the PT PCP Subcontractor: subject to paragraph (d), within 20 days after the acknowledgement of the satisfactory delivery of the goods or services and receipt of a Correctly Rendered Invoice.

  • If the Consultant enters into a PT PCP Subcontract, the Consultant must include in the PT PCP Subcontract: a requirement for the Consultant to pay the PT PCP Subcontractor: subject to paragraph (d), within 20 days after the acknowledgement of the satisfactory delivery of the goods or services and receipt of a Correctly Rendered Invoice.

  • The Contractor agrees that if it is the subject of a complaint in relation to its compliance with clause 26.1 or the associated payment requirements of a PT PCP Subcontract: it will not take any prejudicial action against the PT PCP Subcontractor due to the complaint or any investigation or inquiry in relation to the complaint; and it will cooperate in good faith with the Commonwealth in connection with any investigation or inquiry and any attempt to resolve the complaint.

  • If the Commonwealth considers or becomes aware that the Contractor has not or may not have complied with: the requirements of clause 26.1; or the payment requirements of a PT PCP Subcontract, the Commonwealth may direct the Contractor to provide to the Commonwealth either or both of the following within the timeframes specified by the Commonwealth: information to enable the Commonwealth to review the Contractor's compliance; or a properly completed PT PCP Remediation Plan.

  • If the Commonwealth considers or becomes aware that the Contractor has not or may not have complied with: the requirements of clause 11.20; or the payment requirements of a PT PCP Subcontract, the Commonwealth may direct the Contractor to provide to the Commonwealth either or both of the following within the timeframes specified by the Commonwealth: information to enable the Commonwealth to review the Contractor's compliance; or a properly completed PT PCP Remediation Plan.

  • The Consultant agrees that if it is the subject of a complaint in relation to its compliance with clause 10.1 or the associated payment requirements of a PT PCP Subcontract: it will not take any prejudicial action against the PT PCP Subcontractor due to the complaint or any investigation or inquiry in relation to the complaint; and it will cooperate in good faith with the Commonwealth in connection with any investigation or inquiry and any attempt to resolve the complaint.

  • For any PT PCP Purpose, the Consultant consents to the Commonwealth: using and sharing with any other Commonwealth Entity the information provided by the Consultant as part of a PT PCP Evaluation Questionnaire, a PT PCP Remediation Plan, or otherwise received or obtained by the Commonwealth in connection with this Contract or PT PCP Subcontract; and receiving information obtained under, or in accordance with, the PTR Act (Protected Information) from Entrusted Person and using such Protected Information.

  • The Contractor agrees that if it is the subject of a complaint in relation to its compliance with clause 11.20 or the associated payment requirements of a PT PCP Subcontract: it will not take any prejudicial action against the PT PCP Subcontractor due to the complaint or any investigation or inquiry in relation to the complaint; and it will cooperate in good faith with the Commonwealth in connection with any investigation or inquiry and any attempt to resolve the complaint.


More Definitions of PT PCP Subcontract

PT PCP Subcontract means a subcontract between a Reporting Entity and another party (Other Party) where: A. the subcontract is (wholly or in part) for the provision of the Services; B. both parties are carrying on business in Australia; and C. the component of the subcontract for the provision of goods or services for the purposes of this Head Agreement has a total value of less than (or is reasonably estimated will not exceed) $1,000,000 (GST inclusive) during the period of the subcontract, not including any options, extensions, renewals or other mechanisms that may be executed over the life of the subcontract (but including work/official orders entered into that are valued up to $1 million (GST inclusive) understanding offer (panel) arrangements), but does not include the following subcontracts: D. subcontracts entered into prior to the Reporting Entities’ tender response for this Head Agreement; E. subcontracts which contain standard terms and conditions put forward by the Other Party and which cannot reasonably be negotiated by the Reporting Entity; or
Sample 1
PT PCP Subcontract means a subcontract between a Reporting Entity (having the meaning in the Payment Times Reporting Act 2020 (Cth), as updated from time to time), and another party (Other Party) where: the subcontract is, wholly or in part, for the provision of goods or services for the purposes of the Subcontract; both parties are carrying on business in Australia; and the component of the subcontract for the provision of goods or services for the purposes of the Subcontract has a total value of less than, or is reasonably estimated to not exceed, $1,000,000 (GST inclusive) during the period of the subcontract, not including any options, extensions, renewals or other mechanisms that may be executed over the life of the subcontract (but including work or official orders entered into that are valued at up to $1,000,000 (GST inclusive) under standing offer or panel arrangements), but does not include the following subcontracts: subcontracts entered into prior to the Reporting Entities' tender response for the Services; subcontracts which contain standard terms and conditions put forward by the Other Party and which cannot reasonably be negotiated by the Reporting Entity; or subcontracts for the purposes of: procuring and consuming goods or services overseas; or procuring real property, including leases and licences. Reporting Entity Subcontract means a subcontract between the Subconsultant and another party to provide goods or services directly or indirectly to the Subconsultant for the purposes of the Subcontract where the value of such goods or services are estimated to exceed $4,000,000 (GST inclusive), and Reporting Entity Subcontractor has a corresponding meaning. [EG. 50% Schematic Design Report] [EG. Each of the following has been achieved by the Subconsultant: Design Documentation comprising the 50% Schematic Design Report (the required content of which is set out in section [INSERT] of the Brief) has been submitted to, and not rejected by, the Consultant's Representative in accordance with clause 6.3 of the Conditions of Subcontract; and each of the other activities to be undertaken as described in section [INSERT] of the Brief has been completed in accordance with the requirements set out in the Brief.] $[To be inserted following selection of successful Tenderer] [INSERT] [INSERT] $[To be inserted following selection of successful Tenderer] [INSERT] [INSERT] $[To be inserted following selection of successful Tenderer] [INSERT] [INSERT] $[To be inserted following sel...
Sample 1

Related to PT PCP Subcontract

  • Service Subcontract means a subcontract primarily for the furnishing of services, to or for a recipient of Assistance, except where services are incidental to the delivery of products, equipment or commodities. A contract for the purchase or lease of goods, products, equipment, supplies or other property is not a “service subcontract” for the purposes of this definition.

  • Master subcontracting plan means a subcontracting plan that contains all the required elements of an individual subcontracting plan, except goals, and may be incorporated into individual subcontracting plans, provided the master subcontracting plan has been approved.

  • HUB Subcontracting Plan or “HSP” means written documentation regarding the use of subcontractors, which is required to be submitted with all responses to state agency contracts with an expected value of $100,000.00 or more where subcontracting opportunities have been determined by the state agency to be probable. The HUB subcontracting plan subsequently becomes a provision of the awarded Contract and shall be monitored for compliance by the state agency during the term of the Contract.

  • Third Party Subcontract means a subcontract entered into by the Third Party Contractor with a Third Party Subcontractor, or a Third Party Subcontractor with another Third Party Subcontractor at any tier, and is supported in whole or in part with the federal assistance originally derived from FTA, or non- federal share dedicated to the Recipient’s Underlying Agreement.

  • Major Subcontract means any Subcontract with a Major Subcontractor.

  • Sub-subcontractor means a Person engaged by a Subcontractor to perform a portion of the Trade Contractor Work. The term “Sub-Subcontractor” also includes any lower tier Persons engaged by Sub-Subcontractor to perform a portion of the Trade Contractor Work.

  • First-tier subcontract means a subcontract awarded directly by the Contractor for the purpose of acquiring supplies or services (including construction) for performance of a prime contract. It does not include the Contractor’s supplier agreements with vendors, such as long-term arrangements for materials or supplies that would benefit multiple contracts and/or the costs of which are normally applied to a Contractor’s general and administrative expenses or indirect cost.

  • Individual subcontracting plan means a subcontracting plan that covers the entire contract period (including option periods), applies to a specific contract, and has goals that are based on the offeror’s planned subcontracting in support of the specific contract, except that indirect costs incurred for common or joint purposes may be allocated on a prorated basis to the contract.

  • Subcontract means any contract entered into by a subcontractor to furnish supplies or services for performance of a prime contract or a subcontract.

  • Major Subcontractor means a Subcontractor who enters into a Major Subcontract.

  • Subcontracting means any action, practice, or effort by an

  • Lower tier subcontractor means any party entering into an agreement with the SUBCONTRACTOR or any Lower Tier SUBCONTRACTOR for the furnishing of supplies or services required for performance of this Subcontract.

  • Provider contract means any contract between a provider and a carrier (or a carrier's network,

  • Project Contract means any contract between the District or the Corporation and any contractor or vendor regarding the construction, production or other acquisition or installation of any part of an Acquisition Project.

  • Customer Contract means a Contract (or group of related Contracts) pursuant to which any Group Company, after giving effect to the Pre-Closing Business Transfers, licenses or otherwise provides products and services to customers of the Business.

  • Subcontractor means any supplier, distributor, vendor, or firm that furnishes supplies or services to or for a prime contractor or another subcontractor.

  • Third Party Contract means a contract between Metrolinx and any other Person which is in any way related to, impacts or is impacted by the Services and/or the Consultant’s acts or omissions, whether expressly identified to the Consultant or not.

  • Service Contract means, with respect to a Financed Vehicle, the agreement, if any, financed under the related Receivable that provides for the repair of such Financed Vehicle.

  • Government Subcontract means each contract between the Issuer or any of its Subsidiaries and any prime contractor or upper-tier subcontractor relating to a contract between such Person and any governmental entity, and each Bid with respect to Government Subcontracts.

  • Principal of a subcontractor means (i) any individual who is a member of the board of directors of, or has an ownership interest of five per cent or more in, a subcontractor, which is a business entity, except for an individual who is a member of the board of directors of a nonprofit organization, (ii) an individual who is employed by a subcontractor, which is a business entity, as president, treasurer or executive vice president, (iii) an individual who is the chief executive officer of a subcontractor, which is not a business entity, or if a subcontractor has no such officer, then the officer who duly possesses comparable powers and duties, (iv) an officer or an employee of any subcontractor who has managerial or discretionary responsibilities with respect to a subcontract with a state contractor, (v) the spouse or a dependent child who is eighteen years of age or older of an individual described in this subparagraph, or (vi) a political committee established or controlled by an individual described in this subparagraph or the business entity or nonprofit organization that is the subcontractor.

  • Key Sub-Contract means each Sub-Contract with a Key Sub-Contractor;

  • Subcontracts means subcontract(s) in any tier.

  • sub-contract means the primary contractor’s assigning, leasing, making out work to, or employing, another person to support such primary contractor in the execution of part of a project in terms of the contract;

  • Prime Contract means the contract between LOCKHEED MARTIN and the U.S. Government or between LOCKHEED MARTIN and its higher-tier contractor who has a contract with the U.S. Government.

  • Supplier/Contractor means the individual, firm or company with whom the contract has been concluded for supplying the Goods and Services under the Contract. The Supplier/Contractor shall be deemed to include its successors (approved by the purchaser), representatives, heirs, executors, administrators and permitted;

  • Master Contract means the CATS Master Contract between the Maryland Department of Budget and Management andTO Contractor dated December 19, 2005.