Common use of Procurement procedure Clause in Contracts

Procurement procedure. The Borrower shall, and shall ensure that the Promoter (i) purchase equipment, secure services and order works for the Project by acceptable procurement procedures complying, to the Bank's satisfaction, with its policy as described in its Guide to Procurement; (ii) submit the detailed procurement plan before each allocation and will promptly inform the Bank of any changes to the initial procurement plan(s); and (iii) 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. The 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.