Common use of Contract Award Procedure Clause in Contracts

Contract Award Procedure. Lot 2 7.1 Subject to 1 (Overview) to 5 (The Administering Authority’s Responsibility for Awards), a Contracting Authority may enter into the Form of Asset Finance Lease by sending to the relevant Asset Finance Provider a duly executed version of the Form of Asset Finance Lease submitted by the Asset Finance Party as part of their Call for Competition Bid Response. 7.2 The Parties agree that any document or communication (including any document or communication in the apparent form of the Form of Asset Finance Lease) which is not as described in this paragraph 7 (Contract Award Procedure – Lot 2) of Schedule 4 (Call for Competition Procedure) shall not constitute an Asset Finance Lease under this DPS Agreement. 7.3 The Contracting Authority shall execute two copies of the Form of Asset Finance Lease and send both copies the Form of Asset Finance Lease (whether by electronic means or otherwise) to the Asset Finance Provider. On receipt of the duplicate copies of the Form of Asset Finance Lease executed by the Contracting Authority the Provider shall accept the Form of Asset Finance Lease by promptly executing and dating both copies and returning (whether by electronic means or otherwise) one copy of the Asset Finance Lease to the Contracting Authority concerned within two (2) days of receipt of the Form of Asset Finance Lease duly executed by the Contracting Authority. 8.1 This Schedule 5 (Call for Competition Award Criteria) is designed to assist Contracting Authorities seeking to award a Contract on a competitive basis under a Call for Competition Procedure in accordance with Schedule 4 (Call for Competition Procedure). 8.2 When awarding a Contract the Contracting Authority shall be required to evaluate submitted tenders to ensure the Contract is awarded on the basis of most economically advantageous tender (MEAT) from the point of view of the Contracting Authority. This Schedule 5 (Call for Competition Award Criteria) includes details of example evaluation criteria and a range of weightings that may be applied to those criteria. 9 The following criteria (as amended and/or refined to reflect the specific requirements of the relevant Contracting Authority) shall be applied to the Providers' compliant tenders submitted through the Call for Competition Procedure: Criteria Reference Criteria Percentage Weightings - to be set by the Contracting Authority the Call for Competition Procedure4 A Quality Assessment 30 – 70% B Financial Assessment 30 – 70% TOTAL 100% 4 Drafting note: to be decided by the Contracting Authority on a project specific basis