Common use of CONTRACTS FOR GOODS AND SERVICES Clause in Contracts

CONTRACTS FOR GOODS AND SERVICES. a. Unless the Global Fund agrees otherwise in writing, the Principal Recipient shall disclose to the Global Fund the policies and practices that it will use to contract for goods and services under this Agreement. At a minimum, such policies and practices shall conform to requirements 1 through 5 listed below. (1) Contracts shall be awarded, to the extent practical, on a competitive basis. (2) Solicitations for goods and services shall be based upon a clear and accurate description of the goods or services to be acquired. (3) Contracts shall be awarded only to responsible contractors that possess the potential ability to successfully perform the contracts. (4) No more than a reasonable price (as determined, for example, by a comparison of price quotations and market prices) shall be paid to obtain goods and services. (5) The Principal Recipient shall maintain records regarding the receipt and use of goods and services acquired under the Agreement by the Principal Recipient, the nature and extent of solicitations of prospective suppliers of goods and services acquired by the Principal Recipient, and the basis of award of Principal Recipient contracts and orders. b. Title to goods or other property financed under this Agreement shall be in the name of the Principal Recipient or such other entity as the Principal Recipient may designate and shall be disposed of by the Principal Recipient during the life of the Program or at its completion in accordance with Article 19 below. c. From time to time, the Global Fund will issue Implementation Letters to further advise the Principal Recipient regarding policies applicable to contracts for goods and services using Grant funds.

CONTRACTS FOR GOODS AND SERVICES. a. Unless the Global Fund agrees otherwise in writing, the The Principal Recipient shall disclose to the Global Fund the use its own policies and practices that it will use to contract for goods and services under this Agreement. At a minimum, such it being understood that those policies and practices shall conform to requirements are congruent with the general principles set out in points 1 through 5 listed below. (1) Contracts shall be awarded, to the extent practical, on a competitive basis. (2) Solicitations for goods and services shall be based upon a clear and accurate description of the goods or services to be acquired. (3) Contracts shall be awarded only to responsible contractors that possess the potential ability to successfully perform the contracts. (4) No more than a reasonable price (as determined, for example, by a comparison of price quotations and market prices) shall be paid to obtain goods and services. (5) The Principal Recipient shall maintain its standard records regarding the receipt and use of goods and services acquired under the Agreement by the Principal Recipient, the nature and extent of solicitations of prospective suppliers of goods and services acquired by the Principal Recipient, and the basis of award of Principal Recipient contracts and orders. b. Title to goods or other property financed under this Agreement shall be in the name of the Principal Recipient or such other entity as the Principal Recipient may designate and shall be disposed of by the Principal Recipient during the life of the Program or at its completion in accordance with Article 19 below. c. From time to time, the Global Fund will issue Implementation Letters to further advise the Principal Recipient regarding policies applicable to contracts for goods and services using Grant funds.