Procurement Threshold definition

Procurement Threshold means the published financial threshold applying to in scope supplies, services and works contracts and concession contracts as identified in the Public Procurement Legislation.
Sample 1

Examples of Procurement Threshold in a sentence

  • Category Method of Procurement Threshold (US$ Equivalent) Category Method of Procurement Threshold (US$ Equivalent) The prior-review thresholds will be reviewed during the implementation of the project and modified, based on the risk assessment.

  • When calculating the contract value to determine the correct Procurement Threshold, Officers must not underestimate or split the value of a single contract over a number of contracts (Disaggregation) to artificially avoid certain procurement thresholds.

  • In determining whether either the Scottish Procurement Threshold or UK Find a Tender Service (FTS) Threshold has been exceeded in respect of any single requirement for works, services or supplies, the value of that requirement will be aggregated across the whole Council.

  • The lowest price shall only be accepted (if desired for any particular procurement) where the value of the Council’s requirement falls below the Regulated Procurement Threshold Procurement Manual.

  • Waivers can only be considered in exceptional circumstances, and only if the procurement is under the EU Procurement Threshold.

  • Medium Scale Procurement Threshold Requirements ($1,000 to $9,999 in value) 1.

  • In determining whether either the Scottish Procurement Threshold or EU Threshold has been exceeded in respect of any single requirement for works, services or supplies, the value of that requirement will be aggregated across the whole Council.

  • The Procurement Threshold issued by the PPA must be adhered to in the selection of Procurement Method.

  • Instructing barristers or solicitors (as long as those costs do not exceed the relevant Public Procurement Threshold).

  • District – based sourcing where practicable£5,001 to £75,000FORMAL QUOTATIONAt least 3 formal i.e. competitive written quotations or offers shall be invited (including a quotation or offer from a local supplier8, unless it is impracticable to do so).£75,001 to European Union Procurement Threshold specified in Rule 2.1COMPETITIVE TENDERCompetitive Tenders shall be obtained using one of the tendering options in these Rules.

Related to Procurement Threshold

  • Minimum Threshold means the average daily yield on the 10 Year Treasury Note (as reported in the Bloomberg GT10 index) over the Award Period.

  • Restoration Threshold means an amount equal to 5% of the outstanding principal amount of the Loan.

  • Bid threshold means the dollar amount set in N.J.S.A. 18A:18A-3, above which a Board shall advertise for and receive sealed bids in accordance with procedures set forth in N.J.S.A. 18A:18A-1 et seq.

  • Alteration Threshold means an amount equal to 5% of the outstanding principal amount of the Loan.

  • Planned External Financed Generation Capacity Resource means a Planned External Generation Capacity Resource that, prior to August 7, 2015, has an effective agreement that is the equivalent of an Interconnection Service Agreement, has submitted to the Office of the Interconnection the appropriate certification attesting achievement of Financial Close, and has secured at least 50 percent of the MWs of firm transmission service required to qualify such resource under the deliverability requirements of the Reliability Assurance Agreement.

  • Planned Financed Generation Capacity Resource means a Planned Generation Capacity Resource that, prior to August 7, 2015, has an effective Interconnection Service Agreement and has submitted to the Office of the Interconnection the appropriate certification attesting achievement of Financial Close.

  • Indemnity Threshold has the meaning set forth in Section 9.3.

  • Stated Threshold means total losses under the shared loss agreements in the amount of $4 Billion ($4,000,000,000.00).

  • Ownership Threshold has the meaning specified in Section 2.1(a).

  • Threshold means with respect to Party B: infinity.

  • S&P Approved Ratings Threshold means, with respect to Party A, the guarantor under an Eligible Guarantee or an Eligible Replacement, a short-term unsecured and unsubordinated debt rating from S&P of “A-1”, or, if such entity does not have a short-term unsecured and unsubordinated debt rating from S&P, a long-term unsecured and unsubordinated debt rating or counterparty rating from S&P of “A+”.

  • Indemnification Threshold has the meaning set forth in Section 11.5.

  • Normal Minimum Generation means the lowest output level of a generating resource under normal operating conditions.

  • Micro-purchase threshold means the dollar amount at or below which a district may purchase property or services using micro-pur- chase procedures. Generally, the micro-purchase threshold for pro- curement activities administered under federal awards is not to ex- ceed the amount set by the Federal Acquisition Regulations (FAR) at 48 C.F.R. Part 2, Subpart 2.1 [see below], unless a higher threshold is requested by the district and approved by the cogni- zant agency for indirect costs.

  • Simplified acquisition threshold means the dollar amount below which a district may purchase property or services using small pur- chase methods. Districts adopt small purchase procedures in order to expedite the purchase of items at or below the simplified acquisi- tion threshold. The simplified acquisition threshold for procurement activities administered under federal awards is set by the FAR at 48 C.F.R. Part 2, Subpart 2.1 [see below]. The district is responsi- ble for determining an appropriate simplified acquisition threshold based on internal controls, an evaluation of risk, and its docu- mented procurement procedures. However, in no circumstances can this threshold exceed the dollar value established in the FAR

  • Generation Capacity Resource shall have the meaning specified in the Reliability Assurance Agreement. Generation Interconnection Customer:

  • LOCKHEED XXXXXX Procurement Representative means a person authorized by LOCKHEED XXXXXX'x cognizant procurement organization to administer and/or execute this Contract.

  • Required Ratings Threshold means each of the S&P Required Ratings Threshold and the Moody’s Second Trigger Ratings Threshold.

  • stipulated minimum threshold means that portion of local production and content as determined by the Department of Trade and Industry; and

  • S&P Required Ratings Threshold means, with respect to Party A, the guarantor under an Eligible Guarantee or an Eligible Replacement, a long-term unsecured and unsubordinated debt rating from S&P of “BBB+”.

  • Normal Maximum Generation means the highest output level of a generating resource under normal operating conditions.

  • VWAP Minimum Price Threshold means, with respect to any particular VWAP Purchase Notice, the Sale Price on the VWAP Purchase Date equal to the greater of (i) 80% of the Closing Sale Price on the Business Day immediately preceding the VWAP Purchase Date or (ii) such higher price as set forth by the Company in the VWAP Purchase Notice.

  • Maximum Generation Emergency Alert means an alert issued by the Office of the Interconnection to notify PJM Members, Transmission Owners, resource owners and operators, customers, and regulators that a Maximum Generation Emergency may be declared, for any Operating Day in either, as applicable, the Day-ahead Energy Market or the Real-time Energy Market, for all or any part of such Operating Day. Maximum Run Time:

  • Potential electrical output capacity means, with regard to a unit, 33 per- cent of the maximum design heat input of the unit.