Common use of Procurement procedure Clause in Contracts

Procurement procedure. The Borrower shall, and shall ensure that the Promoter to: (i) purchase equipment, secure services and order works for the Project by acceptable procurement procedures complying, to the Bank's satisfaction, with the Bank’s Guide to Procurement. In particular, tender currencies will be the European Economic and Monetary Union Euro (EURO) and/or United States Dollar (USD) and/or Serbian Dinar (RSD). Payments under the contract shall be made to the account of the selected contractor in the currency or currencies in which their tender is expressed. Contractors who are residents of the Republic of Serbia and have bid in EUR or USD shall be paid in RSD – to the extent mandatory under local law – and according to the middle exchange rate of the National Bank of Serbia on the date of issuing the relevant invoice/proforma invoice; (ii) ensure that all procurement documents are compliant with the Guide to Procurement, including by making any necessary adaptations to templates; (iii) submit the detailed procurement plan for the whole operation before first disbursement and inform the Bank of any changes to the initial procurement plan; (iv) consult with the Bank regarding the amendment of the contracts financed by the Bank and shall seek the Banks non-objection prior to entering into any material amendments to contracts financed by the Bank; (v) ensure that review procedures for remedies, as provided for in Serbian law, shall be available to any party having had an interest in obtaining a particular contract and who has been or risk being harmed by an alleged infringement; and (vi) ensure that no requirements of domestic preference or local content not aligned with the Guide to Procurement are included in the contracts envisaged for the financing by the Bank.

Procurement procedure. The Borrower shallundertakes to, and shall ensure that require the Promoter to: (i) purchase equipment, secure services and order works for the Project by acceptable procurement procedures complying, to the Bank's satisfaction, with the Bank’s Guide to Procurement. In particular, tender currencies will be the European Economic and Monetary Union Euro (EURO) and/or United States Dollar (USD) and/or Serbian Dinar (RSD). Payments under the contract shall be made by the Promoter to the account of the selected contractor in the currency or currencies in which their tender is expressed. Contractors who are residents of the Republic of Serbia and have bid in EUR or USD shall be paid in RSD – to the extent mandatory under local law – and according to the middle exchange rate of the National Bank of Serbia on the date of issuing the relevant invoice/proforma invoice; (ii) ensure that all procurement documents are compliant with the Guide to Procurement, including by making any necessary adaptations to templates; ; and (iii) submit the detailed procurement plan for the whole operation before first disbursement and inform the Bank of any changes to the initial procurement plan; (iv) consult with the Bank regarding the amendment of the contracts financed by the Bank and shall seek the Banks non-objection prior to entering into any material amendments to contracts financed by the Bank; (v) ensure that review procedures for remedies, as provided for in Serbian law, shall be available to any party having had an interest in obtaining a particular contract and who has been or risk being harmed by an alleged infringement; and . In respect of undertaking (viii) ensure the Bank acknowledges that no requirements the Borrower has decided to use for the Project the templates annexed to the Practical Guide to the Contract Procedures for European Union External Action, subject to the necessary adaptations. Pursuant to section 3.4.5 of domestic preference or local content not aligned with the Guide to Procurement are included in the contracts envisaged Bank may require, via prior written notice to the Borrower, that the latter applies the alternative procurement procedures, adapted templates and review procedures of another international financing institution for the award of contracts under one or more Project schemes which are jointly co-financed between the Bank and such international financing by the Bankinstitution.

Procurement procedure. The Borrower shall, and shall ensure that the Promoter toPromoter: (i) purchase equipment, secure services and order works for the Project by acceptable procurement procedures complying, to the Bank's satisfaction, with the Bank’s Guide to Procurement. In particular, tender currencies will be the European Economic and Monetary Union Euro (EURO) and/or United States Dollar (USD) and/or Serbian Dinar (RSD). Payments under the contract shall be made to the account of the selected contractor in the currency or currencies in which their tender is expressed. Contractors who are residents of the Republic of Serbia and have bid in EUR or USD shall be paid in RSD – to the extent mandatory under local law – and according to the middle exchange rate of the National Bank of Serbia on the date of issuing the relevant invoice/proforma invoice; (ii) ensure that all procurement documents are compliant with the Guide to Procurement, including by making any necessary adaptations to templates; (iii) submit the detailed procurement plan for the whole operation before first disbursement and inform the Bank of any changes to the initial procurement plan; (iv) consult with the Bank regarding the amendment of the contracts financed by the Bank and shall seek the Banks non-objection prior to entering into any material amendments to contracts financed by the Bank; (v) ensure that review procedures for remedies, as provided for in Serbian law, shall be available to any party having had an interest in obtaining a particular contract and who has been or risk being harmed by an alleged infringement; and (vi) ensure that no requirements of domestic preference or local content not aligned with the Guide to Procurement are included in the contracts envisaged for the financing by the Bank.

Procurement procedure. The Borrower shall, and shall ensure that the Promoter to: (i) Promoter: purchase equipment, secure services and order works for the Project by acceptable procurement procedures complying, to the Bank's satisfaction, with the Bank’s Guide to Procurement. In particular, tender currencies will be the European Economic and Monetary Union Euro (EURO) and/or United States Dollar (USD) and/or Serbian Dinar (RSD). Payments under the contract shall be made to the account of the selected contractor in the currency or currencies in which their tender is expressed. Contractors who are residents of the Republic of Serbia and have bid in EUR or USD shall be paid in RSD – to the extent mandatory under local law – and according to the middle exchange rate of the National Bank of Serbia on the date of issuing the relevant invoice/proforma invoice; (ii) ; ensure that all procurement documents are compliant with the Guide to Procurement, including by making any necessary adaptations to templates; (iii) ; submit the detailed procurement plan for the whole operation before first disbursement and inform the Bank of any changes to the initial procurement plan; (iv) ; consult with the Bank regarding the amendment of the contracts financed by the Bank and shall seek the Banks non-objection prior to entering into any material amendments to contracts financed by the Bank; (v) ; ensure that review procedures for remedies, as provided for in Serbian law, shall be available to any party having had an interest in obtaining a particular contract and who has been or risk being harmed by an alleged infringement; and (vi) ensure that no requirements of domestic preference or local content not aligned with the Guide to Procurement are included in the contracts envisaged for the financing by the Bank. The Borrower shall, and ensure that the Promoter shall (as applicable): Maintenance: maintain, repair, overhaul and renew all property forming part of the Project as required to keep it in good working order; Project assets: unless the Bank shall have given its prior consent in writing retain title to and possession of all or substantially all the assets comprising the Project or, as appropriate, replace and renew such assets and maintain the Project in substantially continuous operation in accordance with its original purpose; the Bank may withhold its consent only where the proposed action would prejudice the Bank's interests as lender to the Borrower or would render the Project ineligible for financing by the Bank under its Statute or under article 309 of the Treaty on the Functioning of the European Union; Insurance: insure all works and property forming part of the Project with first class insurance companies in accordance with the most comprehensive relevant industry practice; Rights and Permits: maintain in force all rights of way or use and all Authorisations necessary for the execution and operation of the Project; Environment and Social: implement and operate the Project in compliance with the Environmental and Social Standards; and obtain, maintain and comply with requisite Environmental or Social Approvals for the Project; EU law: execute and operate the Project in accordance with the relevant laws of the Republic of Serbia and the relevant standards of EU law, save for any general derogation made by the European Union; and Accounts: ensure that the Promoter requests any disbursements from the Borrower, and the Borrower makes any payments to the Promoter in relation with the Project to a bank account in the name of the Promoter held with a duly authorised financial institution in the jurisdiction where the Promoter is located or where the Project is undertaken by the Promoter.