Small Value definition

Small Value means between $2,500 and $25,000, including taxes, or such other amounts as Council may determine as constituting the limits of a minor amount.

Examples of Small Value in a sentence

  • Subject to paragraph 6.2 and save in respect of any Small Value Changes requested by the Authority during the Works Period, no approval or comment or any failure to give or make an approval or comment under this Schedule shall constitute an Authority Change save to the extent provided in this Schedule 8.

  • Any dispute may be referred by either Party to the Dispute Resolution Procedure, but the Contractor shall, nevertheless, be required to carry out or implement the Small Value Change within the prescribed timescales notwithstanding the dispute, where such dispute concerns the cost of the Small Value Change.

  • All amounts payable for Small Value Changes shall be paid within fifteen (15) Business Days of receipt by the Authority of invoices presented to the Authority accompanied by relevant evidence that the Small Value Change has been carried out.

  • Adjustment to Unitary Charge Any adjustment to the Unitary Charge which is necessary as a result of the implementation of a High Value Change shall be calculated in accordance with clause 73 (Financial Adjustments), together with any adjustment that is necessary pursuant to any Small Value Changes made under Part 2 of this Schedule and/or any Medium Value Changes made under Part 3 of this Schedule 24 that have not already been taken account of.

  • Any adjustment to the Unitary Charge that is necessary due to the implementation of a Medium Value Change shall be calculated in accordance with clause 73 (Financial Adjustments), together with any adjustment that is necessary pursuant to any Small Value Changes made under Part 2 of this Schedule that have not already been taken account of.

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  • Any adjustment to the Unitary Charge which is necessary as a result of the implementation of a High Value Change shall be calculated in accordance with clause 73 (Financial Adjustments), together with any adjustment that is necessary pursuant to any Small Value Changes made under Part 2 of this Schedule and/or any Medium Value Changes made under Part 3 of this Schedule 24 that have not already been taken account of.

  • An Authority Change Notice for a Low Value Change must: state that it relates to a Low Value Change; contain a description of the works and/or the change to the Services that the Authority requires including, if relevant, the applicable type of Small Value Change listed in the Catalogue; and if there is no applicable type of change listed in the Catalogue, specify the time period within which the Authority requires the Change to be implemented.

  • If the Authority or a School Entity carries out a Permitted Small Value Change the Authority shall or shall procure that the School Entity uses Good Industry Practice when carrying out the Permitted Small Value Change.

  • Client agrees to be bound by any agreements entered into by and between Bank and any clearing agents and Client agrees to be bound by all Clearing House Rules and Regulations (“Rules”), including but not limited to regulations of the Board of Governors of the Federal Reserve, Federal Reserve Bank Operating Circulars, National Check Exchange (NCE), Small Value Payments Company (SVPCo), Viewpointe and Endpoint Exchange in which Bank is a member or to which Rules Bank has agreed to be bound.