Common use of Commercial Practice Clause in Contracts

Commercial Practice. (a) Goods for a private sector Investment Enterprise estimated to cost the equivalent of $50,000 or less per contract up to an aggregate amount not to exceed the equivalent of $30,000,000 from the proceeds of the Credit and the Loan may be procured on the basis of established commercial practice acceptable to the Bank. (b) Civil works for a private sector Investment Enterprise estimated to cost the equivalent of $5,000,000 or less per contract may be procured on the basis of established commercial practice acceptable to the Bank. (c) Energy Efficiency Services estimated to cost the equivalent of $50,000 or less per contract up to an aggregate amount not to exceed the equivalent of $5,000,000 from the proceeds of the Credit and the Loan may be procured on the basis of established commercial practice acceptable to the Bank.

Commercial Practice. (a) Goods for a private sector Investment Enterprise estimated to cost the equivalent of $50,000 or less per contract up to an aggregate amount not to exceed the equivalent of $30,000,000 from the proceeds of the Credit and the Loan may be procured on the basis of established commercial practice acceptable to the BankAssociation. (b) Civil works for a private sector Investment Enterprise estimated to cost the equivalent of $5,000,000 or less per contract may be procured on the basis of established commercial practice acceptable to the BankAssociation. (c) Energy Efficiency Services estimated to cost the equivalent of $50,000 or less per contract up to an aggregate amount not to exceed the equivalent of $5,000,000 from the proceeds of the Credit and the Loan may be procured on the basis of established commercial practice acceptable to the BankAssociation.