Purchasing Standards Sample Clauses
The Purchasing Standards clause sets out the minimum requirements and expectations for the quality, specifications, and procedures that must be followed when acquiring goods or services under the agreement. It typically details the standards suppliers must meet, such as compliance with industry norms, delivery timelines, or specific product characteristics, and may require documentation or certifications to verify compliance. This clause ensures that all purchases meet agreed-upon criteria, reducing the risk of substandard goods or services and providing a clear benchmark for evaluating supplier performance.
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Purchasing Standards
Purchasing Standards. Unless specified otherwise within this agreement, the Subrecipient shall procure all CDBG-purchased materials, property, or services in accordance with the requirements of 24 CFR 84.40−48.
Purchasing Standards. All purchases relating to the operation of the Club shall be paid for by Owner but made or arranged by Operator at the best negotiated prices reasonably available (consistent with the Minimum Standard and Operating Criteria), taking advantage of Operator's procurement services, all available discounts, rebates, bulk purchases (including, where feasible, combined bulk purchases with other Sports Club/LA facilities), and other commercially reasonable methods of negotiating the best combination of price and quality, all of which shall inure to the sole benefit of the Club, without any consideration being paid to Operator or its Affiliates in connection therewith other than as reimbursement for actually incurred, out of pocket distribution costs. Subject to Section 4.12 hereof, Operator shall be entitled to enter into agreements, purchase orders or contracts with vendors and suppliers for the provision of goods and services for the Club; provided, however, that the terms of any transaction are in compliance with the Annual Plan and all applicable approved budgets and in substantial conformity with industry standards for an arms-length agreement in the State of Florida. Operator shall order and manage stock levels for all retail products and operating supplies. Additionally, Operator shall make available to Owner and the Club, on an equal basis as these materials are made available to Operator's other clubs, retail products and service supplies from the Operator's distribution center at distributor cost (plus any actually incurred, out-of-pocket expenses associated therewith which are charged to Operator's other clubs) without ▇▇▇▇-up for profit.