Procurement Round definition

Procurement Round means the mechanism by which the Authority purchases a Gas Product for delivery by the Supplier to the Customer for a Procurement Year, in accordance with the Framework Agreement.
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Examples of Procurement Round in a sentence

  • As soon as reasonably practicable and in any event within thirty (30) Days following a Procurement Round Commitment Point for a particular Gas Product, the Authority shall provide the Supplier with a Site List in respect of the Committed Customers for that Procurement Round and Gas Product.

  • For the avoidance of doubt, nothing in this Schedule shall prevent the Authority from purchasing volumes of gas in respect of a Procurement Round prior to receipt by the Authority of the Purchase Shape from the Supplier for such Customers.

  • The Supplier shall use the Customer Site Specific Information Approved by the Authority to create a Purchase Shape for the demand for Gas Products of all Committed Customers in respect of the relevant Procurement Round.

  • Any profit or loss from sales pursuant to Paragraph 4.4.2 shall be allocated equally (as an adjustment to the Variable Charge) to all Committed Customers for the Procurement Round in question.

  • Save to the extent the Supplier already has it, the Authority shall provide the Supplier with the Historic Demand in respect of the First Procurement Round at the same time as it provides the Supplier with the Managed Registration Information.

  • The aggregate of the Supply Meter Point Daily Quantities for any Day and for the DM Meters included in all of the Supply Points of all Committed Customers for any Procurement Round (as specified in the Site List) shall be the “Total Actual Demand” for that Day and that Procurement Round.

  • For each Procurement Round, the Authority shall determine the volumes of gas to be purchased or sold during the Purchase Window for that Procurement Round.

  • For each Procurement Round (but subject to Paragraph 4.2.5), the Authority shall determine the volumes of gas to be purchased or sold during the Purchase Window for that Procurement Round.

Related to Procurement Round

  • Procurement means the purchasing, buying, renting, leasing, or otherwise obtaining of any supplies, services, or construction. It includes all functions that pertain to the procurement of any supply, service, or construction item, including description of requirements, selection and solicitation of sources, preparation and award of contract, and all phases of contract administration;

  • e-Procurement means the use of information and communication technology (especially the internet) by the Procuring Entity in conducting its procurement processes with bidders for the acquisition of goods (supplies), works and services with the aim of open, non discriminatory and efficient procurement through transparent procedures;

  • Procurement item means an item of personal property, a technology, a service, or a construction project.

  • Procurement Plan means the Recipient’s procurement plan for the Project, dated April 2, 2010, and referred to in paragraph 1.16 of the Procurement Guidelines and paragraph 1.24 of the Consultant Guidelines, as the same shall be updated from time to time in accordance with the provisions of said paragraphs.

  • Mis-procurement means public procurement in contravention of any provision of Sindh Public Procurement Act, 2010, any rule, regulation, order or instruction made thereunder or any other law in respect thereof, or relating to, public procurement;