Minimum Competitive Amount definition
Minimum Competitive Amount means (i) for the procurement of Commodities and Professional Services, the "Minimum Competitive Amount" as defined in Section 6.40(a) of the Administrative Code, which shall be $110,000 and (ii) for the procurement of General Services, an amount equivalent to the "Threshold Amount" as defined in Section 6.1 of the Administrative Code which shall be $600,000, provided that on January 1, 2020 and every five years thereafter, the Controller shall recalculate the Minimum Competitive Amount (and the Threshold Amount from which the Minimum Competitive Amount for General Services is calculated) to reflect any proportional increase in the Urban Regional Consumer Price Index from January 1, 2015, rounded to the nearest $1,000.
Minimum Competitive Amount means, for Subcontractor Contracts, four hundred thousand dollars ($400,000) and, for Professional Services Contracts, one hundred thousand dollars ($100,000) provided that on January 1, 2015, and every five years thereafter, the Authority shall recalculate such amounts to reflect any proportional increase in the Urban Regional Consumer Price Index from January 1, 2010, rounded to the nearest one thousand dollars ($1,000).
Minimum Competitive Amount means (1) for the procurement of commodities, professional services, and architect/engineering services, the "Minimum Competitive Amount" as defined in Section 6.40(a) of the Administrative Code, which shall be $110,000 and
Examples of Minimum Competitive Amount in a sentence
In the event the aggregated cost of the Agreement increases by more than 20% of the total estimated value of the original Agreement, or the increase totals more than the Minimum Competitive Amount, the amount over 20% or the Minimum Competitive Amount, shall be bid in accordance with Standard Purchasing Procedures.
The anticipated award amount will not exceed an amount greater than the Minimum Competitive Amount in effect at the time advertised (up to $199,999).
More Definitions of Minimum Competitive Amount
Minimum Competitive Amount means (1) for the procurement of commodities, professional services, and architect/engineering services, the “Minimum Competitive Amount” as defined in Section 6.40(a) of the Administrative Code, and (2) for the procurement of general services, an amount equivalent to the “Threshold Amount” as defined in Section 6.1 of the Administrative Code.
Minimum Competitive Amount means (i) for the procurement of Commodities and
Minimum Competitive Amount means (i) for the procurement of Commodities and Professional Services, the “Minimum Competitive Amount” as defined in Section 6.40(a) of the Administrative Code, which shall be $200,000 and (ii) for the procurement of General Services, an amount equivalent to the “Threshold Amount” as defined in Section 6.1 of the Administrative Code which shall be $1,000,000, provided that for every five-year period starting with January 1, 2020-December 31, 2024, the Controller shall recalculate the Minimum Competitive Amount (and the Threshold Amount from which the Minimum Competitive Amount for General Services is calculated) to reflect any proportional increase in the Urban Regional Consumer Price Index from January 1, 2020, rounded to the nearest $10,000. The Minimum Competitive Amount as recalculated by the Controller shall take effect by operation of law on January 1 of the first year of the next five-year period (thus, for example, on January 1, 2025 following the five-year period ending December 31, 2024).
Minimum Competitive Amount means (1) for the procurement of commodities,