Common use of Procurement of Small Works Clause in Contracts

Procurement of Small Works. Works estimated to cost less than $250,000 equivalent per contract, may be procured under lump-sum, fixed-price contracts awarded on the basis of quotations obtained from three (3) qualified domestic contractors in response to a written invitation. The invitation shall include a detailed description of the works, including basic specifications, the required completion date, a basic form of agreement acceptable to the Bank, and relevant drawings, where applicable. The award shall be made to the contractor who offers the lowest price quotation for the required work, and who has the experience and resources to complete the contract successfully. Part D: Review by the Bank of Procurement Decisions

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement

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Procurement of Small Works. Works estimated to cost less than $250,000 50,000 equivalent per contract, may be procured under lump-sum, fixed-fixed price contracts awarded on the basis of quotations obtained from three (3) qualified domestic contractors in response to a written invitation. The invitation shall include a detailed description of the works, including basic specifications, the required completion date, a the basic form of agreement acceptable to the Bank, Bank and relevant drawings, where applicable. The award shall be made to the contractor who offers the lowest price quotation for the required work, work and who has the experience and resources to complete the contract successfully. Part D: Review by the Bank of Procurement Decisions

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement

Procurement of Small Works. Works estimated to cost less than $250,000 150,000 equivalent per contract, contract may be procured under lump-sum, fixed-price contracts awarded on the basis of quotations obtained from at least three (3) qualified domestic contractors in response to a written invitation. The invitation shall include a detailed description of the works, including basic specifications, the required completion date, a basic form of agreement acceptable to the Bank, and relevant drawings, where applicable. The award shall be made to the contractor who offers the lowest price quotation responsive bid for the required work, and who has the experience and resources to complete the contract successfully. Part D: Review by the Bank of Procurement Decisions

Appears in 1 contract

Samples: Loan Agreement

Procurement of Small Works. Works estimated to cost less than $250,000 100,000 equivalent per contract, may be procured under lump-sum, fixed-price contracts awarded on the basis of quotations obtained from three (3) qualified domestic contractors in response to a written invitation. The invitation shall include a detailed description of the works, including basic specifications, the required completion date, a basic form of agreement acceptable to the Bank, and relevant drawings, where applicable. The award shall be made to the contractor who offers the lowest price quotation for the required work, and who has the experience and resources to complete the contract successfully. Part D: Review by the Bank of Procurement Decisions

Appears in 1 contract

Samples: Loan Agreement

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Procurement of Small Works. Works estimated to cost less than $250,000 200,000 equivalent per contract, contract may be procured under lump-sum, fixed-price contracts awarded on the basis of quotations obtained from three (3) qualified domestic contractors in response to a written invitation. The invitation shall include a detailed description of the works, including basic specifications, the required completion date, a basic form of agreement acceptable to the Bank, and relevant drawings, where applicable. The award shall be made to the contractor who offers the lowest price quotation for the required work, and who has the experience and resources to complete the contract successfully. Part D: Review by the Bank of Procurement Decisions

Appears in 1 contract

Samples: Loan Agreement

Procurement of Small Works. Works estimated to cost less than $250,000 35,000 equivalent per contract, may be procured under lump-sum, fixed-price contracts awarded on the basis of quotations obtained from three (3) qualified domestic contractors in response to a written invitation. The invitation shall include a detailed description of the works, including basic specifications, the required completion date, a basic form of agreement acceptable to the Bank, and relevant drawings, where applicable. The award shall be made to the contractor who offers the lowest price quotation for the required work, and who has the experience and resources to complete the contract successfully. Part D: Review by the Bank of Procurement Decisions

Appears in 1 contract

Samples: Global Environment Facility Trust Fund Grant Agreement

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