Buying Group definition

Buying Group means a group of two or more members that combines the purchasing requirements and activities of the members of the group into one joint procurement process. Buying groups include cooperative arrangements in which individual members administer the procurement function for specific contracts for the group, and more formal corporate arrangements in which the Buying Group administers procurement for group members. Buying Groups may consist of a variety of entities, including any combination of procuring entities, private sector entities, or not-for-profit organizations;

Buying Group shall have the meaning set forth in Section 8.7.

Buying Group means a cooperative arrangement in which individual members administer the procurement function for specific contracts for the group, and more formal corporate arrangements in which the Buying Group administers procurement for group members. Buying groups may consist of a variety of entities, including any combination of procuring entities, private sector entities, or not-for-profit organizations.

Examples of Buying Group in a sentence

• The purpose of the Buying Group is to allow municipal aggregators to capture the benefits of collective purchasing power while retaining full municipal autonomy.

• In seeking bids from competitive suppliers, the Municipality may solicit bids for its load individually or as part of a Buying Group with other municipal aggregators.

• Whether the Municipality conducts an individual solicitation or participates in a solicitation with a Buying Group, at the conclusion of the bidding process it will select a price, term and supplier appropriate for its constituents.

• Participation in the Buying Group shall not require the Town to select the same price, terms or supplier as other members of the Buying Group.

• Participation in the Buying Group shall not require the Municipality to select the same price, terms or supplier as other members of the Buying Group.

More Definitions of Buying Group

Buying Group means a non-public body that uses the leverage of the purchasing power of a group of member organizations to achieve cost efficiencies for these organizations based on their collective buying power;

Buying Group means the Purchaser and the Parent.

Buying Group means a cooperative arrangement in which individual members administer the procurement function for specific Goods or Services for the group and includes a buying group entity where the entity administers procurement for its members. Standing arrangements established by provincial, territorial, and federal governments that are open to municipalities are deemed to be Buying Group contracts under this policy.

Buying Group means Buyer and each of the Acquired Companies or any other member included in the consolidated tax filing of Buyer.

Buying Group means an association of members who use their combined purchasing power to achieve administrative efficiencies and where savings may accrue. Buying Groups may involve a variety of entities, including public sector, private sector, and not-for-profit organizations.

Buying Group has the meaning defined in paragraph 2.11;

Buying Group means, collectively, Parent, Merger Sub and, following the Closing, the Company as the Surviving Corporation.