Common use of Review by the Bank of Procurement Decisions Clause in Contracts

Review by the Bank of Procurement Decisions. Except as the Bank shall otherwise determine by notice to the Borrower, the following contracts shall be subject to Prior Review by the Bank: (a) each contract for goods estimated to cost the equivalent of $500,000 or more; (b) each contract for works estimated to cost the equivalent of $5,000,000 or more; (c) each contract for consultants’ services provided by a firm estimated to cost the equivalent of $200,000 or more; (d) each contract for consultants’ services provided by an individual estimated to cost the equivalent of $50,000 or more; and (e) each contract for consultants’ services provided by a firm to be procured using Single-source Selection procedure, and each contract for consultants’ services provided by an individual to be procured using Sole Source Selection procedure, regardless of its contract value. All other contracts shall be subject to Post Review by the Bank.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement

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Review by the Bank of Procurement Decisions. Except as the Bank shall otherwise determine by notice to the Borrower, the following contracts shall be subject to Prior Review by the Bank: (a) each contract for goods estimated to cost the equivalent of $500,000 or more; (b) each contract for works estimated to cost the equivalent of $5,000,000 or more; (c) each contract for consultants’ services provided by a firm estimated to cost the equivalent of $200,000 or more; and each contract for consultants’ services provided by a firm to be procured using Single-source Selection procedure, regardless of its contract value; (d) each contract for consultants’ services provided by an individual estimated to cost the equivalent of $50,000 or more; and (e) each the first contract for consultants’ services provided by a firm to be procured using Single-source Selection procedure, and each contract for consultants’ services provided by an individual to be procured using Sole Source Selection procedureany procurement method mentioned in this Schedule, regardless of its contract value. In addition, terms of reference for consulting contracts, regardless of their contract value or procurement methods, will be subject to the Bank’s prior review. All other contracts shall be subject to Post Review by the Bank.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement

Review by the Bank of Procurement Decisions. Except as the Bank shall otherwise determine by notice to the Borrower, the following contracts shall be subject to Prior Review by the Bank: (a) each contract for goods estimated to cost the equivalent of $500,000 or more; (b) each contract for works estimated to cost the equivalent of $5,000,000 or more; (c) the first civil work contract and all contracts procured based on Direct Contracting, regardless of contract value thereof; (d) each contract for consultants’ services provided by a firm estimated to cost the equivalent of $200,000 or more; (d) each contract for consultants’ services provided by an individual estimated to cost the equivalent of $50,000 or more; and (e) each contract for consultants’ services provided by a firm to be procured using Single-source Selection procedure, and each contract for consultants’ services provided by an individual to be procured using Sole Source Selection procedure, regardless of its contract valuevalue thereof. All other contracts shall be subject to Post Review by the Bank. With respect to each consulting contract not subject to the Bank’s prior review, prior to the selection of a consulting firm or an individual consultant, the Borrower shall furnish the terms of reference for said consulting firm or individual consultant to the Bank for its no-objection.

Appears in 1 contract

Samples: Loan Agreement

Review by the Bank of Procurement Decisions. Except as the Bank shall otherwise determine by notice to the Borrower, the following contracts shall be subject to Prior Review by the Bank: (a) each contract for goods works estimated to cost the equivalent of more than $500,000 or more8,000,000 equivalent; (b) each contract for works goods estimated to cost the equivalent of more than $5,000,000 or more500,000 equivalent; (c) each contract for consultants’ services provided by a firm estimated to cost works, goods or Non-Consultant Services procured on the equivalent basis of $200,000 or moreDirect Contracting; (d) the first two contracts each contract for consultants’ services provided by an individual estimated to cost goods, works and Non- Consultant Services procured on the equivalent basis of $50,000 or moreNational Competitive Bidding and Shopping regardless of their cost; and (e) each contract for consultants’ services provided by a firm firm: (i) estimated to be procured using cost the equivalent of $200,000 or more; or (ii) on the basis of Single-source Selection procedure, and each contract for consultants’ services provided by an individual to be procured using Sole Source Selection procedure, regardless of its contract valueSelection. All other contracts not mentioned in the precedent paragraphs herein, shall be subject to Post Review by the Bank.

Appears in 1 contract

Samples: Loan Agreement

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Review by the Bank of Procurement Decisions. Except as the Bank shall otherwise determine by notice to the Borrower, the following contracts shall be subject to Prior Review by the Bank: (a) each contract for goods works estimated to cost the equivalent of more than $500,000 or more8,000,000 equivalent; (b) each contract for works goods estimated to cost the equivalent of more than $5,000,000 or more500,000 equivalent; (c) each contract for consultants’ services provided by a firm estimated to cost works, goods or Non-Consultant Services procured on the equivalent basis of $200,000 or moreDirect Contracting; (d) the first two contracts each contract for consultants’ services provided by an individual estimated to cost goods, works and Non-Consultant Services procured on the equivalent basis of $50,000 or moreNational Competitive Bidding and Shopping regardless of their cost; and (e) each contract for consultants’ services provided by a firm firm: (i) estimated to be procured using cost the equivalent of $200,000 or more; or (ii) on the basis of Single-source Selection procedure, and each contract for consultants’ services provided by an individual to be procured using Sole Source Selection procedure, regardless of its contract valueSelection. All other contracts not mentioned in the precedent paragraphs herein, shall be subject to Post Review by the Bank.

Appears in 1 contract

Samples: Loan Agreement

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