Common use of LOCAL PROCUREMENT STATEMENT Clause in Contracts

LOCAL PROCUREMENT STATEMENT. 17.1 In furtherance of the obligation in clause 23 of the Agreement for the Company to purchase Namibian goods and services the Company shall prepare in respect of each Calendar Year a local procurement statement, containing the following information: (a) The amount of expenditure incurred by the Company directly, or indirectly through its sub-contractors, on goods supplied, produced or manufactured in Namibia; (b) the amount of expenditure incurred by the Company directly, or indirectly through its sub-contractors, on services provided by Namibian entities; (c) the respective percentages that the expenditures recorded under items (a) and (b) above represent of the Company's total expenditures; (d) a detailed description of the procedures adopted during the Year to identify and purchase goods and services from Namibian suppliers; and (e) a detailed exposition of how the local purchases for the Year as recorded under items (a) and (b) above compared with the projected purchases included in the budget statement for that Year (pursuant to item (d) of subparagraph 16.1 of this Annexure), with explanations for any significant variations; 17.2 The local procurement statement shall be submitted to the Minister within 60 days after the end of each Calendar Year.

LOCAL PROCUREMENT STATEMENT. 17.1 In furtherance of the obligation in clause 23 of the Agreement for the Company to purchase Namibian goods and services the Company shall prepare in respect of each Calendar Year a local procurement statement, containing the following information: (a) The amount of expenditure incurred by the Company directly, or indirectly through its sub-contractors, on goods supplied, produced or manufactured in Namibia; (b) the amount of expenditure incurred by the Company directly, or indirectly through its sub-contractors, on services provided by Namibian entities; (c) the respective percentages that the expenditures recorded under items (a) and (b) above represent of the Company's ’s total expenditures; (d) a detailed description of the procedures adopted during the Year to identify and purchase goods and services from Namibian suppliers; and (e) a detailed exposition of how the local purchases for the Year as recorded under items (a) and (b) above compared with the projected purchases included in the budget statement for that Year (pursuant to item (d) of subparagraph 16.1 of this Annexure), with explanations for any significant variations; 17.2 The local procurement statement shall be submitted to the Minister within 60 days after the end of each Calendar Year.

LOCAL PROCUREMENT STATEMENT. 17.1 In furtherance of the obligation in clause 23 of the Agreement for the Company to purchase Namibian goods and services the Company Compan y shall prepare in respect of each Calendar Year a local procurement statement, containing the following information: (a) The amount of expenditure incurred by the Company directly, or indirectly through its sub-contractorssub -contractors, on goods supplied, produced or manufactured in Namibia; (b) the amount of expenditure incurred by the Company directly, or indirectly through its sub-contractorssub -contractors, on services provided by Namibian entities; (c) the respective percentages that the expenditures recorded under items (a) and (b) above represent of the Company's total expenditures; (d) a detailed description of the procedures adopted during the Year to identify and purchase goods and services from Namibian suppliers; and (e) a detailed exposition of how the local purchases purchas es for the Year as recorded under items (a) and (b) above compared with the projected purchases included in the budget statement for that Year (pursuant to item (d) of subparagraph sub - paragraph 16.1 of this Annexure), with explanations for any significant variations; 17.2 The local procurement statement shall be submitted to the Minister within 60 days after the end of each Calendar Year.