Procurement Principles Clause Examples
The Procurement Principles clause establishes the fundamental guidelines and standards that govern how goods and services are acquired under the agreement. It typically outlines requirements such as competitive bidding, transparency, and compliance with applicable laws or internal policies. For example, it may specify that suppliers must be selected based on objective criteria or that conflicts of interest must be avoided. The core function of this clause is to ensure fairness, integrity, and efficiency in the procurement process, thereby reducing the risk of fraud, favoritism, or legal non-compliance.
Procurement Principles. In preparation for the outcome of the negotiations mandated by Article 1502, the Parties shall, to the extent possible, promote and apply transparency, value for money, open and effective competition, fair dealing, accountability and due process, and non-discrimination in their government procurement procedures.
Procurement Principles. The Parties reaffirm their desire to promote and implement, to the extent possible:
(a) the APEC Non-Binding Principles on Government Procurement relating to transparency, value for money, open and effective competition, fair dealing, accountability and due process, and non-discrimination; and
(b) the APEC Transparency Standard for Government Procurement.3
Procurement Principles. The Recipient must comply with the Procurement Principles for the procurement of all goods, works and services financed by the Project Funds.
Procurement Principles. (a) The Procurement Principles attached as Schedule D hereto will apply to the Project.
(b) The Principal Implementation Agreements shall also specify that any procurement for a third party developer (or developers) to proceed with the design and construction of any above-grade buildings on the Quayside Parcel will be led by ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ and undertaken jointly by ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ and Sidewalk Labs. The MIDP and/or Principal Implementation Agreements will identify those circumstances and conditions under which Sidewalk Labs will act as vertical developer.
Procurement Principles. MCA-Vanuatu shall ensure that all procurements of goods, services or works in furtherance of the Compact and funded in whole or in part, directly or indirectly, by MCC Funding shall comply with the general principles set forth in Section 3.6 of the Compact (the “Procurement Principles”).
Procurement Principles. Notwithstanding Article
12.1 the National Society shall ensure that its procurement principles and practices are in conformity with the following principles:
a) The National Society shall prepare detailed specifications of the goods or services required for the Project;
b) Specifications of supplies and material assistance required for the Project shall meet the standards and norms prevailing in the recipient country and Federation standards;
c) As a minimum, contracts for goods and services shall be awarded, to the extent practical, on a transparent and competitive basis and contracts shall be awarded only to responsible contractors that possess the demonstrated ability to successfully perform the contracts;
d) All tenders for contract bids must be clearly notified to all prospective bidders, which shall be given a sufficient amount of time to respond to such tender;
e) Tenders for goods and services shall provide all information necessary for a prospective bidder to prepare a bid and, as such, shall be based upon a clear and accurate description of the proposed terms and conditions of the contract and the goods or services to be acquired;
f) In general, contracts in excess of CHF 1,000 should be awarded only after inviting and assessing at least three competitive bids or quotations;
g) Any exceptions from competitive bidding procedures, such as availability from a sole supplier, must be justified in writing and approved in advance by the Federation’s Global Logistics Service;
h) Evaluation and comparison of bids shall include the recording of the criteria and deciding factors leading to the award of the contract to the selected supplier;
i) Satisfactory delivery and compliance with the specifications and warranties agreed with the supplier shall be documented by shipping, inspection and receiving records;
j) Payment to suppliers, insurance companies, shipping and handling agents shall be conditional upon the fulfilment of their contractual obligations;
k) The awarding of contracts must also meet all applicable donor requirements as conveyed by the Federation to the National Society;
l) The National Society shall maintain records documenting in detail the tendering, contracting, receipt and use of goods and services acquired under this Agreement; and
m) The National Society assumes full responsibility for any other parties and/or service providers it engages in connection with the implementation of the Project.
Procurement Principles. Procurement principles will be decided by ▇▇▇▇ ▇▇▇ TECH after evaluation of the supply chain capability and consultation with the SUPPLIER. The procurement principles will be chosen from a standard set of ▇▇▇▇ ▇▇▇ TECH methods. The methods are based on replenishment pull (Kanban & Re-order point), sequenced pull (sequence set/kit or single item), push (MRP) and two enabling procurement methods (VMI - Vendor Managed Inventory and LDS - Long Distance Supply). Detailed information is found in the Delivery Manual at ▇▇▇▇ ▇▇▇ TECH’s Supplier Portal.
Procurement Principles. The Employer decided to adopt the Standard of Uniformity in Construction Procurement published by the Construction Industry Development Board (CIDB) for his procurement process. The Standard for Uniformity in Construction Procurement establishes minimum requirements that: promote cost efficiencies through the adoption of a uniform structure for procurement documents, standard component documents and generic solicitation procedures; provide transparent, fair and equitable procurement methods and procedures in critical areas in the solicitation process; ensure that the forms of contract that are used are fair and equitable for all the parties to a contract; and enable risk, responsibilities and obligations to be clearly identified.
Procurement Principles. Councils must have regard to the following principles in its acquisition of goods and services:
3.1 Encouragement of open and effective competition
Procurement Principles. The Proponent shall establish and implement procurement principles to enhance opportunities for Provincial benefits, which principles shall provide that:
4.1.1 Provincial Suppliers will be provided full and fair opportunity and first consideration to participate on a competitive basis for the supply of goods and commercial services to the Project;
4.1.2 the acquisition of goods and commercial services for the Project will be undertaken on the basis of (a) the pre-qualification of potential Suppliers, (b) a competitive bidding process, and (c) the utilization of the evaluation criteria set out in Section 4.4.6; and
4.1.3 economic and industrial opportunities in the Province associated with direct and indirect expenditures incurred in connection with the acquisition of goods and commercial services for the Project will be enhanced.