Low Value Procurement definition

Low Value Procurement means a procurement with a total aggregated value under £20,000 calculated in accordance with paragraph 6 below (exclusive of VAT);
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Low Value Procurement means any Procurement of Deliverables with a value below the Low-Value Purchase Threshold set out in Schedule C, except where the Procurement is made through an existing Standing Offer or Qualified Supplier Roster.
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Low Value Procurement means any Procurement of Deliverables with a Procurement Value that does not exceed $15,000, but does not include Procurements made through an existing Standing Offer or Qualified Supplier Roster;
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Examples of Low Value Procurement in a sentence

  • Low Value Procurement ProcessBetween Threshold 1 and 2(i) A minimum of 3 quotes received via the Council’s Electronic Tendering System.

  • Low Value Procurement processBetween Threshold 1 and 2(i) A minimum of 3 quotations received via the Council’s Electronic Tendering System.

  • These contracts are governed by the relevant Procurement Practice Note Relating to Low Value Procurement.

  • They have small (0.6 ha/hh) sloping upland area, which is used to grow rice and other food crops.

  • Award Decision and CommunicationAny recommendation to award a contract by the Evaluation Committee (with the exception of Low- Value Procurement) must be submitted to the Tender Committee for approval.The Tender Committee awards the contract to the tenderer recommended by the Evaluation Committee.


More Definitions of Low Value Procurement

Low Value Procurement means contracts or orders with an estimated value less than $5,000.
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Low Value Procurement means contracts or orders with an estimated value of less than $4,999;
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Low Value Procurement means procurements of goods, services, facilities or construction in circumstances where the value falls below the threshold values for which a public tender is required.
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Low Value Procurement means a procurement exercise where the
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Low Value Procurement means any procurement, which is less thanrupees fifty lakhs in value for construction, which is less than rupees twenty lakhs in value for vehicles and which is less than rupees twenty five lakhs in value for all other categories of procurement inclusive of consultancies for construction”.
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Low Value Procurement means procurement with an estimated value of $5,000 or less;
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Low Value Procurement means a procurement of deliverables with a procurement value below $10,000, except where the deliverables are available through an existing Standing Offer or Qualified Supplier Roster.
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