Common use of – Procedure for Awarding Assignments Clause in Contracts

– Procedure for Awarding Assignments. 4.1 As the Bank determines a need for Services, it will conduct the following award procedure: (i) The Bank will send in writing to the First-Ranked Framework Member an Assignment Terms of Reference including at a minimum: (a) the scope of Services required; (b) the Closing Date; (c) the pricing mechanism for the Assignment (lump-sum, or time and materials); and (d) the information required in the Proposal, which may include • Total price for the Assignment; or • Delivery approach and schedule; or • list of proposed team and their CVs; or • Total man/days. (ii) Any clarifications requested by the Framework Member in relation to an Assignment Terms of Reference shall be submitted in writing by email to the Bank by the deadline date indicated in the Assignment Terms of Reference; (iii) Proposals shall be in conformance with the fixed terms contained in the Tender such as rates, as updated in accordance with this Agreement; (iv) The Framework Member shall submit its Proposal to the Bank in writing; (v) The Bank shall not be responsible for any costs incurred by a Framework Member in the preparation of a Proposal or any required site visit; and (vi) If the Framework Member does not submit a Proposal, or such Proposal is not in compliance with the Assignment Terms of Reference or is otherwise irregular or unacceptable to the Bank, or if the Framework Member is in a situation of conflicting interests that may negatively affect the performance of the Assignment, the Bank will send the same Assignment Terms of Reference to the Framework Member who is next in ranking in the cascade. 4.2 The award process will terminate either with the award of the Assignment to one of the Framework Members, or with the failure to award the Assignment to any Framework Member. In the event of failure to award the Assignment, the Bank may redefine the Assignment or restart the procedure at a later stage. 4.3 All Framework Members that have submitted a Proposal for an Assignment will be notified in writing of the results of that award procedure. 4.4 The Contract will comprise the Agreement, the Contract provisions, the Assignment Terms of Reference and the Proposal. In the event of any inconsistency, the following order of priority shall apply: (1) the Contract provisions, (2) this Agreement, (3) the Assignment Terms of Reference and (4) the Proposal. 4.5 Unless otherwise instructed by the Bank, within 5 (five) working days of receiving from the Bank the execution copies of the Contract, the selected Framework Member shall return the two originals, duly signed and dated. 4.6 In the case of Contracts formalised as an Appointment Letter, the selected Framework Member shall acknowledge the appointment by e-mail within 2 (two) working days of receiving from the Bank the signed Appointment Letter. The Parties agree that the Contract shall become effective as of the date of acknowledgement by the Service Provider. 4.7 If awarded the Assignment, the Service Provider shall at all times perform the Assignment with all reasonable care and skill and shall conform in all respects with the terms and conditions of this Agreement and of the Contract. 4.8 The Assignment will be carried out by the Service Provider acting jointly with and under the supervision of experienced staff of the Bank. 4.9 The Service Provider shall ensure that all persons appointed to the performance of a Contract have all equipment, materials and other things whatsoever required for the provision of the Services. Any equipment or materials made available by the Bank during a Contract shall be without prejudice to the Service Provider’s obligations under this Article and do not imply any obligation whatsoever on the part of the Bank. The Service Provider shall in particular not be entitled to invoke any vested or acquired rights from past provision of equipment or materials by the Bank. 4.10 The performance of the Service Provider and its staff will be monitored throughout the Assignment. All deliverables under a Contract are subject to the Bank’s review and approval. The Service Provider must review all deliverables prior to delivery to the Bank for approval to ensure that they are complete, accurate and up-to-date. 4.11 If so instructed by the Bank in writing, an Assignment Completion Report shall be submitted to the Bank by the Service Provider upon completion of the Assignment. In addition, at the end of the Assignment, the Service Provider shall provide to the Bank its working papers documenting in detail the work done during the Assignment. These working papers shall become the property of the Bank. 4.12 Where performance of a Contract has not commenced within 10 (ten) days of the scheduled start date, the Bank may consider this event a material breach of the purposes of point (a) of Article 18.3 of Appendix C.

– Procedure for Awarding Assignments. 4.1 As the Bank determines a need for Services, it will conduct the following award procedure: (i) The Bank will send in writing to the First-Ranked Framework Member an Assignment Terms of Reference to the Service Provider including at a minimum: (a) a. the scope of Services required; (b) b. the Closing Date; (c) c. the pricing mechanism for the Assignment (lump-sum, or time and materials); and (d) d. the information required in the Proposal, which may include include: • Total price for the Assignment; or • Delivery delivery approach and schedule; or • the list of proposed team and their CVs; or • Total the total man/days; • whether the Service Provider is in a situation of conflicting interests that may negatively affect the performance of the Assignment; or • the total price for the Assignment. (ii) Any clarifications requested by the Framework Member Service Provider in relation to an Assignment Terms of Reference shall be submitted in writing by email to the Bank by the deadline date indicated in the Assignment Terms of Reference; (iii) Proposals shall be in conformance with the fixed terms contained in the Tender such as ratesprices/rates and CVs, as updated may be amended in accordance with this Agreement; (iv) The Framework Member Service Provider shall submit its Proposal Proposals to the Bank in writing; (v) The Bank shall not be responsible for any costs incurred by a Framework Member the Service Provider in the preparation of a Proposal or any required site visit; and. (vi) If the Framework Member Proposal does not submit a Proposal, or such Proposal is not in compliance with meet the objectives of the Assignment Terms of Reference or is otherwise irregular or unacceptable to the Bank, the Service Provider may be requested to submit a new or if the Framework Member is in a situation of conflicting interests that may negatively affect the performance of the Assignment, the Bank will send the same Assignment Terms of Reference to the Framework Member who is next in ranking in the cascaderevised Proposal. 4.2 The award process will terminate either with the award of the Assignment to one of the Framework Members, or with the failure to award the Assignment to any Framework Member. In the event of failure to award the Assignment, the Bank may redefine the Assignment or restart the procedure at a later stage. 4.3 All Framework Members that have submitted a Proposal for an Assignment will be notified in writing of the results of that award procedure. 4.4 The Contract will comprise the Agreement, the Contract provisions, the Assignment Terms of Reference and the Proposal. In the event of any inconsistency, the following order of priority shall apply: (1) the Contract provisions, (2) this Agreement, (3) the Assignment Terms of Reference and (4) the Proposal. 4.5 4.4 Unless otherwise instructed by the Bank, within 5 (five) working days of receiving from the Bank the execution copies of the Contract, the selected Framework Member Service Provider shall return the two originals, duly signed and dated. 4.6 4.5 In the case of Contracts formalised as an Appointment Letter, the selected Framework Member authorized representative(s) of the Service Provider shall acknowledge the appointment by e-mail within 2 (two) working days of receiving from the Bank the signed Appointment Letter. The Parties agree that the Contract shall become effective as of the date of acknowledgement by the Service Provider. 4.7 4.6 If awarded the Assignment, the Service Provider shall at all times perform the Assignment with all reasonable care and skill and shall conform in all respects with the terms and conditions of this Agreement and of the Contract. 4.8 4.7 The Assignment will be carried out by the Service Provider acting jointly with and under the supervision of experienced staff of the Bank. 4.9 4.8 The Service Provider shall ensure that all persons appointed to the performance of a Contract have all equipment, materials and other things whatsoever required for the provision of the Services. Any equipment or materials made available by the Bank during a Contract shall be without prejudice to the Service Provider’s obligations under this Article and do not imply any obligation whatsoever on the part of the Bank. The Service Provider shall in particular not be entitled to invoke any vested or / acquired rights from past provision of equipment or materials by the Bank. 4.10 4.9 The performance of the Service Provider and its staff will be monitored throughout the Assignment. All deliverables under a Contract are subject to the Bank’s review and approval. The Service Provider must review all deliverables prior to delivery to the Bank for approval to ensure that they are complete, accurate and up-to-date. 4.11 4.10 If so instructed by the Bank in writing, an Assignment Completion Report shall be submitted to the Bank by the Service Provider upon completion of the Assignment. In addition, if requested by the Bank, at the end of the Assignment, the Service Provider shall provide to the Bank its working papers documenting in detail the work done during the Assignment. These working papers shall become the property of the Bank. 4.12 4.11 Where performance of a Contract has not commenced within 10 (ten) days of the scheduled start date, the Bank may consider this event a material breach of the purposes of point (a) of Article 18.3 of Appendix C.

– Procedure for Awarding Assignments. 4.1 As the Bank determines a need for Services, it will conduct the following award procedure: (i) The Bank will send in writing to the First-Ranked Framework Member an Assignment Terms of Reference including at a minimum: (a) the scope of Services required; (b) the Closing Date; (c) the pricing mechanism for the Assignment (lump-sum, or time and materials); and (d) the information required in the Proposal, which may include • Total price for the Assignment; or • Delivery proposed methodology; • delivery approach and schedule; or • list of proposed team and their CVs; or • Total man/days.; (ii) Any clarifications requested by the Framework Member in relation to an Assignment Terms of Reference shall be submitted in writing by email to the Bank by the deadline date indicated in the Assignment Terms of Reference; (iii) Proposals shall be in conformance with the fixed terms contained in the Tender such as rates, prices as updated in accordance with this Agreement; (iv) The Framework Member shall submit its Proposal to the Bank in writing; (v) The Bank shall not be responsible for any costs incurred by a Framework Member in the preparation of a Proposal or any required site visit; and (vi) If the Framework Member does not submit a Proposal, or such Proposal is not in compliance with the Assignment Terms of Reference or is otherwise irregular or unacceptable to the Bank, or if the Framework Member is in a situation of conflicting interests that may negatively affect the performance of the Assignment, the Bank will send the same Assignment Terms of Reference to the Framework Member who is next in ranking in the cascade. 4.2 The award process will terminate either with the award of the Assignment to one of the Framework Members, or with the failure to award the Assignment to any Framework Member. In the event of failure to award the Assignment, the Bank may redefine the Assignment or restart the procedure at a later stage. 4.3 All Framework Members that have submitted a Proposal for an Assignment will be notified in writing of the results of that award procedure. 4.4 The Contract will comprise the Agreement, the Contract provisions, the Assignment Terms of Reference and the Proposal. In the event of any inconsistency, the following order of priority shall apply: (1) the Contract provisions, (2) this Agreement, (3) the Assignment Terms of Reference and (4) the Proposal. 4.5 Unless otherwise instructed by the Bank, within 5 (five) working days of receiving from the Bank the execution copies of the Contract, the selected Framework Member shall return the two originals, duly signed and dated. 4.6 In the case of Contracts formalised as an Appointment Letter, the selected Framework Member shall acknowledge the appointment by e-mail within 2 (two) working days of receiving from the Bank the signed Appointment Letter. The Parties agree that the Contract shall become effective as of the date of acknowledgement by the Service Provider. 4.7 If awarded the Assignment, the Service Provider shall at all times perform the Assignment with all reasonable care and skill and shall conform in all respects with the terms and conditions of this Agreement and of the Contract. 4.8 The Assignment will be carried out by the Service Provider acting jointly with and under the supervision of experienced staff of the Bank. 4.9 The Service Provider shall ensure that all persons appointed to the performance of a Contract have all equipment, materials and other things whatsoever required for the provision of the Services. Any equipment or materials made available by the Bank during a Contract shall be without prejudice to the Service Provider’s obligations under this Article and do not imply any obligation whatsoever on the part of the Bank. The Service Provider shall in particular not be entitled to invoke any vested or / acquired rights from past provision of equipment or materials by the Bank. 4.10 The performance of the Service Provider and its staff will be monitored throughout the Assignment. All deliverables under a Contract are subject to the Bank’s review and approval. The Service Provider must review all deliverables prior to delivery to the Bank for approval to ensure that they are complete, accurate and up-to-date. 4.11 If so instructed by the Bank in writing, an Assignment Completion Report shall be submitted to the Bank by the Service Provider upon completion of the Assignment. In addition, at the end of the Assignment, the Service Provider shall provide to the Bank its working papers documenting in detail the work done during the Assignment. These working papers shall become the property of the Bank. 4.12 Where performance of a Contract has not commenced within 10 (ten) days of the scheduled start date, the Bank may consider this event a material breach of the purposes of point (a) of Article 18.3 of Appendix C.

– Procedure for Awarding Assignments. 4.1 As the Bank a User determines a need for Services, it will conduct the following award procedure: (i) The Bank User will send in writing to the First-Ranked Framework Member an Assignment Terms of Reference to the Service Provider including at a minimum: (a) a. the scope of Services required; (b) b. the Closing Date; (c) c. the pricing mechanism for the Assignment (lump-sum, or time and materials); and (d) d. the information required in the Proposal, which may include • Total price for the Assignment; or • Delivery delivery approach and schedule; or • list of proposed team and and, if different from those submitted in the Tender, their CVs; or • Total man/days; or • whether the Service Provider is in a situation of conflicting interests that may negatively affect the performance of the Assignment; or • Total price for the Assignment. (ii) Any clarifications requested by the Framework Member Service Provider in relation to an Assignment Terms of Reference shall be submitted in writing by email to the Bank User by the deadline date indicated in the Assignment Terms of Reference; (iii) Proposals shall be in conformance with the fixed terms contained in the Tender such as ratesprices and CVs, as updated may be amended in accordance with this Agreement; (iv) The Framework Member Service Provider shall submit its Proposal Proposals to the Bank User in writing; (v) The Bank User shall not be responsible for any costs incurred by a Framework Member the Service Provider in the preparation of a Proposal or any required site visit; and. (vi) If the Framework Member Proposal does not submit a Proposal, or such Proposal is not in compliance with meet the objectives of the Assignment Terms of Reference or is otherwise irregular or unacceptable to the Bank, or if the Framework Member is in a situation of conflicting interests that may negatively affect the performance of the AssignmentUser, the Bank will send the same Assignment Terms of Reference Service Provider may be requested to the Framework Member who is next in ranking in the cascadesubmit a new or revised Proposal. 4.2 The award process will terminate either with the award of the Assignment to one of the Framework Members, or with the failure to award the Assignment to any Framework Member. In the event of failure to award the Assignment, the Bank User may redefine the Assignment or restart the procedure at a later stage. 4.3 All Framework Members that have submitted a Proposal for an Assignment will be notified in writing of the results of that award procedure. 4.4 The Contract will comprise the Agreement, the Contract provisions, the Assignment Terms of Reference and the Proposal. In the event of any inconsistency, the following order of priority shall apply: (1) the Contract provisions, (2) this Agreement, (3) the Assignment Terms of Reference and (4) the Proposal. 4.5 4.4 Unless otherwise instructed by the BankUser, within 5 (five) working days of receiving from the Bank User the execution copies of the Contract, the selected Framework Member Service Provider shall return the two originals, duly signed and dated. 4.6 4.5 In the case of Contracts formalised as an Appointment Letter, the selected Framework Member Service Provider shall acknowledge the appointment by e-mail within 2 (two) working days of receiving from the Bank User the signed Appointment Letter. The Parties agree that the Contract shall become effective as of the date of acknowledgement by the Service Provider. 4.7 4.6 If awarded the Assignment, the Service Provider shall at all times perform the Assignment with all reasonable care and skill and shall conform in all respects with the terms and conditions of this Agreement and of the Contract. 4.8 4.7 The Assignment will be carried out by the Service Provider acting jointly with and under the supervision of experienced staff of the BankUser. 4.9 4.8 The Service Provider shall ensure that all persons appointed to the performance of a Contract have all equipment, materials and other things whatsoever required for the provision of the Services. Any equipment or materials made available by the Bank User during a Contract shall be without prejudice to the Service Provider’s obligations under this Article and do not imply any obligation whatsoever on the part of the BankUser. The Service Provider shall in particular not be entitled to invoke any vested or / acquired rights from past provision of equipment or materials by the Bank. 4.10 4.9 The performance of the Service Provider and its staff will be monitored by the User throughout the Assignment. All deliverables under a Contract are subject to the BankUser’s review and approval. The Service Provider must review all deliverables prior to delivery to the Bank User for approval to ensure that they are complete, accurate and up-to-date. 4.11 4.10 If so instructed by the Bank User in writing, an Assignment Completion Report shall be submitted to the Bank User by the Service Provider upon completion of the Assignment. In addition, at the end of the Assignment, the Service Provider shall provide to the Bank its working papers documenting in detail the work done during the Assignment. These working papers shall become the property of the Bank. 4.12 4.11 Where performance of a Contract has not commenced within 10 (ten) days of the scheduled start date, the Bank User may consider this event a material breach of the purposes of point (a) of Article 18.3 of Appendix C.

– Procedure for Awarding Assignments. Option 1: if single-operator FA: 4.1 As the Bank determines a need for Services, it will conduct the following award procedure: (i) The Bank will send in writing to the First-Ranked Framework Member an Assignment Terms of Reference to the Service Provider including at a minimum: (a) a. the scope of Services required; (b) b. the Closing Date; (c) c. the pricing mechanism for the Assignment (lump-sumfixed price, or time and materials); and (d) d. the information required in the Proposal, which may include • Total price for the Assignment; or • Delivery delivery approach and schedule; or • list of proposed team and their CVs; or • Total man/days; or • whether the Service Provider is in a situation of conflicting interests that may negatively affect the performance of the Assignment; or • Total price for the Assignment. (ii) Any clarifications requested by the Framework Member Service Provider in relation to an Assignment Terms of Reference shall be submitted in writing by email to the Bank by the deadline date indicated in the Assignment Terms of Reference; (iii) Proposals shall be in conformance with the fixed terms contained in the Tender such as rates, etc., as updated in accordance with this Agreement;. (iv) The Framework Member Service Provider shall submit its Proposal Proposals to the Bank in writing; (v) The Bank shall not be responsible for any costs incurred by a Framework Member the Service Provider in the preparation of a Proposal or any required site visit; and. (vi) If the Framework Member Proposal does not submit a Proposal, or such Proposal is not in compliance with meet the objectives of the Assignment Terms of Reference or is otherwise irregular or unacceptable to the Bank, the Service Provider may be requested to submit a new or if the Framework Member is in a situation of conflicting interests that may negatively affect the performance of the Assignment, the Bank will send the same Assignment Terms of Reference to the Framework Member who is next in ranking in the cascaderevised Proposal. 4.2 The award process will terminate either with the award of the Assignment to one of the Framework Members, or with the failure to award the Assignment to any Framework Member. In the event of failure to award the Assignment, the Bank may redefine the Assignment or restart the procedure at a later stage. 4.3 All Framework Members that have submitted a Proposal for an Assignment will be notified in writing of the results of that award procedure. 4.4 The Contract will comprise the Agreement, the Contract provisions, the Assignment Terms of Reference and the Proposal. In the event of any inconsistency, the following order of priority shall apply: (1) the Contract provisions, (2) this Agreement, (3) the Assignment Terms of Reference and (4) the Proposal. 4.5 4.4 Unless otherwise instructed by the Bank, within 5 (five) working days of receiving from the Bank the execution copies of the Contract, the selected Framework Member Service Provider shall return the two originals, duly signed and dated. 4.6 4.5 In the case of Contracts formalised as an Appointment Lettera Purchase Order, the selected Framework Member Service Provider shall acknowledge the appointment by e-mail within 2 (two) working days of receiving from the Bank the signed Appointment LetterPurchase Order. The Parties agree that the Contract shall become effective as of the date of acknowledgement by the Service Provider. 4.7 4.6 If awarded the Assignment, the Service Provider shall at all times perform the Assignment with all reasonable care and skill and shall conform in all respects with the terms and conditions of this Agreement and of the Contract. 4.8 4.7 The Assignment will be carried out by the Service Provider acting jointly with and under the supervision of experienced staff of the Bank. 4.9 4.8 The Service Provider shall ensure that all persons appointed to the performance of a Contract have all equipment, materials and other things whatsoever required for the provision of the Services. Any equipment or materials made available by the Bank during a Contract shall be without prejudice to the Service Provider’s obligations under this Article and do not imply any obligation whatsoever on the part of the Bank. The Service Provider shall in particular not be entitled to invoke any vested or / acquired rights from past provision of equipment or materials by the Bank. 4.10 4.9 The performance of the Service Provider and its staff will be monitored throughout the Assignment. All deliverables under a Contract are subject to the Bank’s review and approval. The Service Provider must review all deliverables prior to delivery to the Bank for approval to ensure that they are complete, accurate and up-to-date. 4.11 4.10 If so instructed by the Bank in writing, an Assignment Completion Report shall be submitted to the Bank by the Service Provider upon completion of the Assignment. In addition, at the end of the Assignment, the Service Provider shall provide to the Bank its working papers documenting in detail the work done during the Assignment. These working papers shall become the property of the Bank. 4.12 4.11 Where performance of a Contract has not commenced within 10 (ten) days of the scheduled start date, the Bank may consider this event a material breach of the purposes of point (a) of Article 18.3 of Appendix C.Article

– Procedure for Awarding Assignments. 4.1 As the Bank determines a need for Services, it will conduct the following award procedure: (i) The Bank will send in writing to the First-Ranked Framework Member an Assignment Terms of Reference to the Service Provider including at a minimum: (a) i. the scope of Services required; (b) ii. the Closing Date; (c) iii. the pricing mechanism for the Assignment (lump-sum, or time and materials); and (d) iv. the information required in the Proposal, which may include • Total price for the Assignment; or • Delivery delivery approach and schedule; or • list of proposed team and their CVs; or • Total man/days; • whether the Service Provider is in a situation of conflicting interests that may negatively affect the performance of the Assignment; and • Total price for the Assignment. (ii) Any clarifications requested by the Framework Member Service Provider in relation to an Assignment Terms of Reference shall be submitted in writing by email to the Bank by the deadline date indicated in the Assignment Terms of Reference; (iii) Proposals shall be in conformance with the fixed terms contained in the Tender such as prices/rates, as updated may be amended in accordance with this Agreement; (iv) The Framework Member Service Provider shall submit its Proposal Proposals to the Bank in writing; (v) The Bank shall not be responsible for any costs incurred by a Framework Member the Service Provider in the preparation of a Proposal or any required site visit; and. (vi) If the Framework Member Proposal does not submit a Proposal, or such Proposal is not in compliance with meet the objectives of the Assignment Terms of Reference or is otherwise irregular or unacceptable to the Bank, the Service Provider may be requested to submit a new or if the Framework Member is in a situation of conflicting interests that may negatively affect the performance of the Assignment, the Bank will send the same Assignment Terms of Reference to the Framework Member who is next in ranking in the cascaderevised Proposal. 4.2 The award process will terminate either with the award of the Assignment to one of the Framework Members, or with the failure to award the Assignment to any Framework Member. In the event of failure to award the Assignment, the Bank may redefine the Assignment or restart the procedure at a later stage. 4.3 All Framework Members that have submitted a Proposal for an Assignment will be notified in writing of the results of that award procedure. 4.4 The Contract will comprise the Agreement, the Contract provisions, the Assignment Terms of Reference and the Proposal. In the event of any inconsistency, the following order of priority shall apply: (1) the Contract provisions, (2) this Agreement, (3) the Assignment Terms of Reference and (4) the Proposal. 4.5 4.4 Unless otherwise instructed by the Bank, within 5 (five) working days of receiving from the Bank the execution copies of the Contract, the selected Framework Member Service Provider shall return the two originals, duly signed and dated. 4.6 4.5 In the case of Contracts formalised as an Appointment Letter, the selected Framework Member Service Provider shall acknowledge the appointment by e-mail within 2 (two) working days of receiving from the Bank the signed Appointment Letter. The Parties agree that the Contract shall become effective as of the date of acknowledgement by the Service Provider. 4.7 4.6 If awarded the Assignment, the Service Provider shall at all times perform the Assignment with all reasonable care and skill and shall conform in all respects with the terms and conditions of this Agreement and of the Contract. 4.8 4.7 The Assignment will be carried out by the Service Provider acting jointly with and under the supervision of experienced staff of the Bank. 4.9 4.8 The Service Provider shall ensure that all persons appointed to the performance of a Contract have all equipment, materials and other things whatsoever required for the provision of the Services. Any equipment or materials made available by the Bank during a Contract shall be without prejudice to the Service Provider’s obligations under this Article and do not imply any obligation whatsoever on the part of the Bank. The Service Provider shall in particular not be entitled to invoke any vested or / acquired rights from past provision of equipment or materials by the Bank. 4.10 4.9 The performance of the Service Provider and its staff will be monitored throughout the Assignment. All deliverables under a Contract are subject to the Bank’s review and approval. The Service Provider must review all deliverables prior to delivery to the Bank for approval to ensure that they are complete, accurate and up-to-date. 4.11 4.10 If so instructed by the Bank in writing, an Assignment Completion Report shall be submitted to the Bank by the Service Provider upon completion of the Assignment. In addition, at the end of the Assignment, the Service Provider shall provide to the Bank its working papers documenting in detail the work done during the Assignment. These working papers shall become the property of the Bank. 4.12 4.11 Where performance of a Contract has not commenced within 10 (ten) days of the scheduled start date, the Bank may consider this event a material breach of the purposes of point (a) of Article 18.3 of Appendix C.

– Procedure for Awarding Assignments. 4.1 As the Bank determines a need for Services, it will conduct the following award procedure: (i) The Bank will send in writing to the First-Ranked all Framework Member Members an Assignment Terms of Reference including at a minimum: (a) the scope of Services required; (b) the award criteria and weightings; (c) the Closing Date; (cd) the pricing mechanism for the Assignment (lump-sum, or time and materials); (e) the Contract form to be used; and (df) the information required in the Proposal, which may include •  An overview of the services to be provided;  A detailed description of the delivery approach to be adopted;  A list of the proposed staff and their profiles;  Total price for the AssignmentAssignment (which may be an all-inclusive lump sum or time- based, as requested in the Assignment Terms of Reference); or • Delivery approach and schedule; or •  list of proposed team and their CVs; or •  Total man/days. (ii) Any clarifications requested by the a Framework Member in relation to an Assignment Terms of Reference shall be submitted in writing by email to the Bank by the deadline date indicated in the Assignment Terms of Reference. Responses will be issued by the Bank in writing to all Framework Members; (iii) Proposals shall be in conformance with the fixed terms contained in the Tender such as prices/rates, CVs etc., as updated may be amended in accordance with this Agreement; (iv) The Framework Member Members shall submit its Proposal their Proposals to the Bank in writing; (v) The Bank shall award each Assignment in accordance with the award criteria and weightings set out in the Assignment Terms of Reference. The award criteria shall at all times be the most economically advantageous Proposal in terms of: (a) Total Price (20-40%); and (b) Technical Merit (60-80%), comprising one or more of the following criteria: i. Quality of the proposed resources (30-80%); ii. Proposed team for the delivery of the Services (30-80%); and iii. Methodology for service delivery and technical resources (30-80%). (vi) The Bank shall not be responsible for any costs incurred by a Framework Member Members in the preparation of a Proposal or any required site visit; and (vi) If the Framework Member does not submit a Proposal, or such Proposal is not in compliance with the Assignment Terms of Reference or is otherwise irregular or unacceptable to the Bank, or if the Framework Member is in a situation of conflicting interests that may negatively affect the performance of the Assignment, the Bank will send the same Assignment Terms of Reference to the Framework Member who is next in ranking in the cascade. 4.2 The award process will terminate either with the award of the Assignment to one of the Framework Members, or with the failure to award the Assignment to any Framework Member. In the event of failure to award the Assignment, the Bank may redefine the Assignment or restart the procedure at a later stage. 4.3 All Framework Members that have submitted a Proposal for an Assignment will be notified in writing of the results of that award procedure. 4.4 The Contract will comprise the Agreement, the Contract provisions, the Assignment Terms of Reference and the Proposal. In the event of any inconsistency, the following order of priority shall apply: (1) the Contract provisions, (2) this Agreement, (3) the Assignment Terms of Reference and (4) the Proposal. 4.5 Unless otherwise instructed by the Bank, within 5 (five) working days of receiving from the Bank the execution copies of the Contract, the selected Framework Member shall return the two originals, duly signed and dated. 4.6 In the case of Contracts formalised as an Appointment Letter, the selected Framework Member shall acknowledge the appointment by e-mail within 2 (two) working days of receiving from the Bank the signed Appointment Letter. The Parties agree that the Contract shall become effective as of the date of acknowledgement by the Service Provider. 4.7 If awarded the Assignment, the Service Provider shall at all times perform the Assignment with all reasonable care and skill and shall conform in all respects with the terms and conditions of this Agreement and of the Contract. 4.8 4.7 The Assignment will be carried out by the Service Provider acting jointly with and under the supervision of experienced staff of the Bank. 4.9 The Service Provider shall ensure that all persons appointed to the performance of a Contract have all equipment, materials and other things whatsoever required for the provision of the Services. Any equipment or materials made available by the Bank during a Contract shall be without prejudice to the Service Provider’s obligations under this Article and do not imply any obligation whatsoever on the part of the Bank. The Service Provider shall in particular not be entitled to invoke any vested or acquired rights from past provision of equipment or materials by the Bank. 4.10 4.8 The performance of the Service Provider and its staff will be monitored throughout the Assignment. All deliverables under a Contract are subject to the Bank’s review and approval. The Service Provider must review all deliverables prior to delivery to the Bank for approval to ensure that they are complete, accurate and up-to-date. 4.11 If so instructed by the Bank in writing, an Assignment Completion Report shall be submitted to the Bank by the Service Provider upon completion of the Assignment. In addition, at the end of the Assignment, the Service Provider shall provide to the Bank its working papers documenting in detail the work done during the Assignment. These working papers shall become the property of the Bank. 4.12 4.9 Where performance of a Contract has not commenced within 10 (ten) days of the scheduled start date, the Bank may consider this event a material breach of the purposes of point (a) of Article 18.3 17 of Appendix C.B.

– Procedure for Awarding Assignments. 4.1 As the Bank determines a need for Services, it will conduct the following award procedure: (i) The Bank will send in writing to the First-Ranked Framework Member an Assignment Terms of Reference to the Service Provider including at a minimum: (a) a. the scope of Services required; (b) b. the Closing Date; (c) c. the pricing mechanism for the Assignment; d. whether key performance indicators will apply to the performance of the Assignment (lump-sum, or time and materials)the relevant mechanism in accordance with Appendix A; and (d) e. the information required in the Proposal, which may include • Total price for delivery approach and schedule; • whether the Service Provider is in a situation of conflicting interests that may negatively affect the performance of the Assignment; or • Delivery approach Total price for the Assignment (including Monthly Management Fee, Monthly Associated Services Fee and schedule; or • list of proposed team and their CVs; or • Total man/daystotal estimated volume for the Transaction Fees part). (ii) Any clarifications requested by the Framework Member Service Provider in relation to an Assignment Terms of Reference shall be submitted in writing by email to the Bank by the deadline date indicated in the Assignment Terms of Reference; (iii) Proposals shall be in conformance conformity with the fixed terms contained in the Tender such as ratesprices/rates and CVs., as updated may be amended in accordance with this Agreement; (iv) The Framework Member Service Provider shall submit its Proposal Proposals to the Bank in writing; (v) The Bank shall not be responsible for any costs incurred by a Framework Member the Service Provider in the preparation of a Proposal or any required site visit; and. (vi) If the Framework Member Proposal does not submit a Proposal, or such Proposal is not in compliance with meet the objectives of the Assignment Terms of Reference or is otherwise irregular or unacceptable to the Bank, the Service Provider may be requested to submit a new or if the Framework Member is in a situation of conflicting interests that may negatively affect the performance of the Assignment, the Bank will send the same Assignment Terms of Reference to the Framework Member who is next in ranking in the cascaderevised Proposal. 4.2 The award process will terminate either with the award of the Assignment to one of the Framework Members, or with the failure to award the Assignment to any Framework Member. In the event of failure to award the Assignment, the Bank may redefine the Assignment or restart the procedure at a later stage. 4.3 All Framework Members that have submitted a Proposal for an Assignment will be notified in writing of the results of that award procedure. 4.4 The Contract will comprise the Agreement, the Contract provisions, the Assignment Terms of Reference and the Proposal. In the event of any inconsistency, the following order of priority shall apply: (1) the Contract provisions, (2) this Agreement, (3) the Assignment Terms of Reference and (4) the Proposal. 4.5 4.4 Unless otherwise instructed by the Bank, within 5 (five) working days of receiving from the Bank the execution copies of the Contract, the selected Framework Member Service Provider shall return the two originals, duly signed and dated. 4.6 4.5 In the case of Contracts formalised as an Appointment Letter, the selected Framework Member Service Provider shall acknowledge the appointment by e-mail within 2 (two) working days of receiving from the Bank the signed Appointment Letter. The Parties agree that the Contract shall become effective as of the date of acknowledgement by the Service Provider. 4.7 4.6 If awarded the Assignment, the Service Provider shall at all times perform the Assignment with all reasonable care and skill and shall conform in all respects with the terms and conditions of this Agreement and of the Contract. 4.8 4.7 The Assignment will be carried out by the Service Provider acting jointly with and under the supervision of experienced staff of the Bank. 4.9 4.8 The Service Provider shall ensure that all persons appointed to the performance of a Contract have all equipment, materials and other things whatsoever required for the provision of the Services. Any equipment or materials made available by the Bank during a Contract shall be without prejudice to the Service Provider’s obligations under this Article and do not imply any obligation whatsoever on the part of the Bank. The Service Provider shall in particular not be entitled to invoke any vested or / acquired rights from past provision of equipment or materials by the Bank. 4.10 4.9 The performance of the Service Provider and its staff will be monitored throughout the Assignment. All deliverables under a Contract are subject to the Bank’s review and approval. The Service Provider must review all deliverables prior to delivery to the Bank for approval to ensure that they are complete, accurate and up-to-date. 4.11 4.10 If so instructed by the Bank in writing, an Assignment Completion Report shall be submitted to the Bank by the Service Provider upon completion of the Assignment. In addition, at the end of the Assignment, the Service Provider shall provide to the Bank its working papers documenting in detail the work done during the Assignment. These working papers shall become the property of the Bank. 4.12 4.11 Where performance of a Contract has not commenced within 10 (ten) days of the scheduled start date, the Bank may consider this event a material breach of the purposes of point (a) of Article 18.3 of Appendix C.