Award of a contract Sample Clauses

Award of a contract. 1. The award decision shall be adopted by the Commission on its own behalf and on behalf of the participating Contracting Parties, in accordance with Article 113(1) of the Financial Regulation and Articles 149 and 159(3) of the Rules of Application, after approval by the Specific Procurement Procedure Steering Committee in accordance with Article 7.
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Award of a contract. The award decision shall be adopted by the Commission on its own behalf and on behalf of the participating Contracting Parties, in accordance with Article 113(1) of the Financial Regulation and Articles 149 and 159(3) of the Rules of Application, after approval by the Specific Procurement Procedure Steering Committee in accordance with Article . The Commission proposal shall be accompanied by a copy of the written records of the evaluation referred to in Article (3), as well as, where the Commission proposes not to follow the recommendations of the evaluation committee, by a note substantiating the reasons for which they are not being followed. The award decision shall be notified simultaneously to all successful and unsuccessful tenderers or candidates in accordance with Article 161(3) of the Rules of Application. Article  Specific provisions relating to the signature of the contract and entry into force After the award decision is adopted, and without prejudice to Article 114 of the Financial Regulation, the participating Contracting Parties shall sign the contract. A contract with a selected tenderer shall be approved by the SPPSC in accordance with Article , before it is signed if or to the extent that it differs substantively from the draft contract, approved in accordance with Article 16(2)(d). For the purposes of the first subparagraph, a contract with a selected tenderer shall not be deemed to differ substantively from a draft contract where differences are limited to the insertion of particulars that are missing in the draft contract. The signing of the contract shall be subject to the rules on standstill provided for in Article 171 of the Rules of Application. The contract shall not enter into force until it is signed by the contractor and the participating Contracting Parties pursuant to paragraph 1. In cases of urgency, after the award decision is adopted and without prejudice to Article 114 of the Financial Regulation, the SPPSC may approve, in accordance with Article , to authorise the Commission to sign the framework contract on behalf of and for the account of all the participating Contracting Parties. Article  Specific provisions relating to contacts with economic operators, candidates or tenderers during the joint procurement procedure The Commission shall be the sole point of contact between the Contracting Parties and economic operators, candidates, tenderers, or their representatives, concerning any matter pertaining to the joint...
Sample 1
Award of a contract. A contract may be awarded to the Successful Proposer(s) of this RFQ by the Town Council, based upon the qualification requirements and Town Manager’s recommendation. The Town reserves the right to execute or not execute, as applicable, a contract with the Successful Proposer(s), where it is determined to be in the Town’s best interests. The Town reserves the right to cancel this solicitation entirely, in which case no award will be made. Therefore, the Town does not represent that any award will be made.
Sample 1

Related to Award of a contract

  • Award of Contract ITT 41.1 The maximum percentage by which quantities may be increased is: [15%] The maximum percentage by which quantities may be decreased is: [100%]

  • – AWARD OF CONTRACTS II.9.1 If the beneficiary has to conclude contracts in order to carry out the action and they constitute costs of the action under an item of eligible direct costs in the estimated budget, he shall seek competitive tenders from potential contractors and award the contract to the bid offering best value for money; in doing so he shall observe the principles of transparency and equal treatment of potential contractors and shall take care to avoid any conflict of interests.

  • Conditions for Award of Contract 7. The Borrower shall not award any Works contract which involves environmental impacts until:

  • Award of Option This Agreement evidences the grant to the Optionee of an option (the “Option”) to purchase [ ] shares of the Company’s Common Stock (the “Option Shares”). The Option is subject to the terms set forth herein, and in all respects is subject to the terms and provisions of the Plan, which terms and provisions are incorporated herein by this reference. Except as otherwise specified herein or unless the context herein requires otherwise, the terms defined in the Plan will have the same meanings herein.

  • Award Agreement Each Option shall be evidenced by an Award Agreement that shall specify the Exercise Price, the expiration date of the Option, the number of Shares to which the Option pertains, any conditions to exercise of the Option, and such other terms and conditions as the Committee, in its discretion, shall determine. The Award Agreement shall specify whether the Option is intended to be an Incentive Stock Option or a Non-qualified Stock Option.

  • Service Award Named Plaintiff may apply to the Court for a service award of up to ten thousand dollars ($10,000). Subject to the Court’s approval, the service award shall be paid from the Settlement Fund ten (10) days after the Effective Date.

  • Performance Award You are hereby awarded, on the Grant Date, a Performance Award with a target value of [AMOUNT].

  • Incentive Award The three (3) year rolling average of earnings growth and Return On Equity (the "XXX") and determined as of December 31 of each plan year shall determine the Director's Incentive Award Percentage, in accordance with the attached Schedule A. The chart on Schedule A is specifically subject to change annually at the sole discretion of the Company's Board of Directors. The Incentive Award is calculated annually by taking the Director's Annual Fees for the Plan Year in which the XXX and Earnings Growth was calculated times the Incentive Award Percentage.

  • Award Award shall be made on an all-or-none total estimated bid basis to the lowest responsive and responsible Bidder.

  • Performance Share Award If your Award includes a Performance Share Award, and you voluntarily terminate your employment prior to the end of the Performance Period, you will forfeit your entire Performance Share Award. 

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