Procurement Value definition

Procurement Value means the estimated total financial commitment resulting from procurement, taking into account optional extensions.

Procurement Value means the maximum total value of the Deliverables being procured, and it must include all costs to the Town, including, as applicable, acquisition, maintenance, replacement, and disposal; training, delivery, and installation; and extension options, less applicable rebates or discounts and exclusive of sales taxes.

Procurement Value means the total value of the Deliverables being procured, and must include all costs to the City in Canadian dollars using the Bank of Canada exchange rate including, as applicable, acquisition, maintenance, replacement, disposal, or training, delivery, installation and extension options, less applicable rebates or discounts and exclusive of sales taxes.

Examples of Procurement Value in a sentence

• This Board notes that the financial bid of the recommended bidder is more than Eur50 million (9.2%) over and above the Estimated Procurement Value, which firstly was based on market research and secondly as already stated, has not been challenged by any economic operator.

• Therefore, this Board sees no reason to doubt the reliability of the Estimated Procurement Value in the absence of anything proven to the contrary.

• Furthermore, the Recommended Bidder's bid is actually higher than the Estimated Procurement Value which value was never contested by the Appellant.The Appellant's concerns regarding the recommended bid, specifically relating to the undue reliance on third-party capacities and the financial and economic viability of the proposal, are completely unfounded.

• Other important factors to ascertain are that: ▪ The Estimated Procurement Value was known to all economic operators at the outset of this procedure.

• This Board also agrees with the appellant’s arguments that there is no provision for ‘capping’, i.e. the Estimated Procurement Value is not a ‘top ceiling’ whereby any offers higher than it will be discarded, however it is also true that if the appellant felt that the Estimated Procurement Value was on the ‘low side’, economic operators would then run the risk that the Contracting Authority would reject their respective bids as being too high.

More Definitions of Procurement Value

Procurement Value means the estimated total financial commitment resulting from a Procurement (G.S.T. excluded), not taking into account optional renewals when the compulsory part of the Contract is of at least one year's duration;

Procurement Value means the estimated maximum total value of the Deliverables being Procured over the term of the Contract, taking into account all forms of remuneration;

Procurement Value means all costs and conferred value associated with a contractual relationship with a third party.

Procurement Value means the estimated total financial commitment resulting from a Procurement (G.S.T. excluded) taking into account all forms of remuneration including premiums, fees, commissions and interest any the total values of options if the Procurement provides for the possibility of options.

Procurement Value means the total value of the goods, services or construction being procured, and must include all costs to the Township, including, as applicable, acquisition, maintenance, replacement, disposal, training, delivery, installation and extension options, less applicable rebates or discounts and includes the unrecoverable portion of the HST;

Procurement Value means all costs and conferred value associated with a procured Contract, including all actual and quantifiable contingent payments payable by IO associated with the goods and services procured (e.g. cash allowances) pursuant to the Contract. Within Infrastructure Ontario, with the exception of P3 project procurements, the Procurement Value is estimated and set out in the requisition request form, commonly known as the Procurement Contract Approval Request (“PCAR”)

Procurement Value means the total estimated cost, net of Federal and Provincial taxes, of the goods and services or construction that are procured. This does not include optional renewals when the compulsory part of a contract is at least one year in duration.