SECONDARY PROCUREMENT Sample Clauses
The 'Secondary Procurement' clause defines the procedures and requirements for acquiring additional goods, services, or works beyond the initial contract scope. Typically, this clause outlines the conditions under which secondary procurement can occur, such as thresholds for value, approval processes, and compliance with relevant procurement policies. For example, it may specify that any supplementary purchases must be competitively tendered or approved by a designated authority. The core function of this clause is to ensure transparency, accountability, and consistency in the procurement of additional needs, thereby preventing unauthorized or inefficient spending.
SECONDARY PROCUREMENT. Section X - Secondary Procurement Methods • Section XI – Formation of Call off Contracts • Section XII – Communicating Award of call off contracts • Section XIII– Complaint about award of call off contract • Section XIV – Call off contract General Conditions • Section XV – Call off contract Specific Conditions • Section XVI – Secondary Procurement Forms
SECONDARY PROCUREMENT. This Section contains the methods and the criteria that the Procurement Entity/Lead Entity/Procurement Agent shall use to conduct a Secondary Procurement process to select a Supplier and award a Call-off Contract under this Framework Agreement. No other factors, methods, or criteria shall be used other than those specified in this IFT document for the Secondary Procurement process.
SECONDARY PROCUREMENT. Contract Price Section B: FA Standard Provision 6 The Contract Price that will apply to the purchase of Goods under a Call-off Contract shall be based on a Mini-competition among FA Holders. Purchaser will invite competitive quotes from all the FA Holders and award the Call-off Contract based on the lowest evaluated cost. During this process a ▇▇ ▇▇▇▇▇▇ cannot quote more than the price quoted by it during the Primary Procurement Process (as set out in the Framework Agreement, Schedule 2), with the appropriate price adjustment applied at the end of each year, if specified in the Framework Agreement. Repeated failure of a ▇▇ ▇▇▇▇▇▇ to adhere to this provision or non-participation in Secondary Procurement Process may result in termination of its FA Agreement, by the Procuring Agency. Price adjustment Call-off Contracts shall be awarded through the Secondary Procurement method mini competition, and the price adjustment shall be applied to each Supplier’s base price resulting in adjusted base prices. Suppliers shall not submit Bids or Quotes that are greater than their adjusted base prices. Price adjustment is intended to reflect changes in the cost of labor, material components, or other factors, over the Term of the Framework Agreement. The price adjustment formula that applies is as follows. The adjustment shall be calculated every 12 months and the adjusted price shall remain fixed for the next 12 months: P1 = P0 [a + bL1 + cM1] - P0 L0 M0 a+b+c = 1 in which: P1 = Call-off Contract Price. P0 = Base price, as described in the Framework Agreement, Schedule 2: Price Schedules. a = fixed element representing profits and overheads included in the Contract Price in the amount of [insert number] percent. [Note: number should normally be around fifteen (15) percent]. b = estimated percentage of labor component in the Contract Price. c = estimated percentage of material component in the Contract Price. L0, L1 = labor indices0 applicable to the appropriate industry on the base date and date for adjustment, respectively. M0, M1 = material indices0 for the major raw material on the base date and date for adjustment, respectively. The coefficients and indices are as follows: a = [insert value of coefficient] b = [insert value of coefficient] c = [insert value of coefficient] Base date = [insert specific date which was the date (30) days prior to the deadline for submission of the Bids in the Primary Procurement process] Date of adjustment = base date plus a multiple of ...
SECONDARY PROCUREMENT. Competitive Quotes The Purchaser will prepare an Invitation to Quote (ITQ) and invite all eligible Suppliers holding a Framework Agreement to submit competitive quotes. This process is called ‘mini-competition’. The ITQ will identify: the Goods, and any Related Services, to be delivered delivery location(s) delivery date(s) or schedule quantity the award criteria, e.