Common use of Procurement Plan Development Clause in Contracts

Procurement Plan Development. MCA-Vanuatu shall develop and adopt a procurement plan on a semi-annual basis for acquiring the goods, works and services needed to implement the Compact (each, a “Procurement Plan”), each of which Procurement Plans shall be subject to MCC approval and shall: (a) Identify the purchasing needs for the goods, works, and services required to implement the Compact for at least the six (6) month period immediately following the effective date of such Procurement Plan; (b) Identify the proposed method of procurement for each purchase according to the procedures set out in Schedule 1 and in Schedule 2 of this Agreement; and (c) Estimate the proposed budget for such procurement, and such other information as may be requested in writing by MCC from time to time. Each Procurement Plan shall be submitted to MCC for prior written approval no less than five (5) business days prior to its publication in accordance with Section 1.2.