Method of Procurement Clause Samples
The 'Method of Procurement' clause defines the process or procedures by which goods, services, or works will be acquired under the agreement. It typically specifies whether procurement will be conducted through open bidding, direct negotiation, or another method, and may outline the steps, documentation, and criteria required for selection. This clause ensures transparency and fairness in the selection of suppliers or contractors, helping to prevent disputes and promote efficient, compliant purchasing practices.
Method of Procurement. In accordance with the practice of the State of North Carolina, there is no requirement for competition or approval by outside purchasing authorities for contracts between state agencies.
Method of Procurement. In accordance with the procurement practice of the State of North Carolina, approval is being sought by outside purchasing authorities. Approval of the contract by the State Board is contingent upon approval by the State Department of Information Technology Contracts and Strategic Sourcing.
Method of Procurement. The application of 2 CFR Part 200 "Procurement Standards" requires that: Grantees and sub-grantees will use their own procurement procedures which reflect applicable State and local laws and regulations, provided the procurement procedures conform to applicable Federal laws and standards. The most stringent purchasing requirement at each level must be met. If the Agency does not have a procurement process, the Agency may use the State procurement process. A clear audit trail must be established to determine costs charged against this Grant agreement. Substantiation of costs shall, where possible, be made utilizing the ▇▇▇▇▇▇▇ Police Department documentation consisting of, but not limited to, copies of time sheets, purchase orders, copies of invoices, and proof of payment. The Agency shall retain copies of all documentation in the project file. Procurement may be made using an open State contract award. Documents submitted to substantiate purchases using an open State contract must bear the contract number.
Method of Procurement. In accordance with the procurement practice of the State of North Carolina, there is no requirement for approval by outside purchasing authorities. This service agreement is between an institutional agency of the NC Community College System and the System Office.
Method of Procurement. Section 1 (Method of Procurement) in the Agreement is amended by adding the following as new Section 1(C):
Method of Procurement. Universal Service Administrative Company (USAC) E-rate 470 Application issued in conjunction with RFP 470 190007320.
Method of Procurement. In accordance with the procurement practice of the State of North Carolina, approval was sought by outside purchasing authorities. Approval was given by the Division of Purchase and Contract for this contract through June 30, 2018.
Method of Procurement. ECSD RFP Responses Received: 2 “No Bid” Responses: 1
Method of Procurement. There are 5 methods of procurement (2 CFR 200.320) which can be used by Recipients if authorized by DCA’s adopted standards. DRAFT
1. Micro-purchases are used for acquisitions or purchases that do not exceed the micro- purchase threshold of $3,000. Micro-purchases may be awarded without soliciting competitive quotes if the non-Federal entity determines the price is reasonable. The micro- purchase threshold is adjusted for inflation on a periodic basis.
2. Small purchase procedures which can be used for procurement under $25,000 and which require that price or rate quotations be obtained from an adequate number of qualified sources. These quotations should be clearly documented in the Recipient’s or Recipient’s files. Refer to the “Small Purchase Procedures Manual” for assistance. NOTE that this method is not appropriate for procurement of professional services.
3. Competitive sealed bids (formal advertising) where sealed bids are publicly solicited and a firm-fixed-price contract (lump-sum or unit price) is awarded to the responsible bidder whose bid, conforming with all the material terms and conditions of the invitation for bids, is lower in price. In order for formal advertising to be feasible, appropriate conditions must be present, including, as a minimum the following:
a. A complete, adequate and realistic specification or purchase description;
b. Two or more responsible suppliers are willing and able to compete effectively for the Recipient’s business;
c. The procurement lends itself to a firm-fixed price contract, and selection of the successful bidder can appropriately be made principally on the basis of price;
d. A sufficient time prior to the date set for opening of bids, bids must be solicited from an adequate number of known suppliers. In addition, the invitation must be publicly advertised;
e. The invitation for bids, including specifications and pertinent attachments, must clearly define the items or services needed in order for bidders to properly respond to the invitation;
f. All bids must be opened publicly at the time and place stated in the invitation for bids;
g. A firm-fixed-price contract award must be made by written notice to that responsible bidder whose bid, conforming to the invitation for bids, is lowest. Where specified in the bidding documents, factors such as discounts, transportation cost and life cycle cost must be considered in determining which bid is lowest; and,
h. Any or all bids may be rejected when there are sound d...
Method of Procurement. Approval of the contract by the State Board of Community Colleges is contingent upon approval by the State Department of Information Technology Contracts and Strategic Sourcing.