Common use of Procedure B Clause in Contracts

Procedure B. The Operator shall contract the most capable supplier of goods and services according to cost and quality criteria, and the Operating Committee shall be informed of the engagement. 3.21.1. When the supplier winning an engagement procedure B is an Affiliate of any of the Contracted Parties, the Operating Committee’s prior approval is required. 3.21.2. Under any circumstance, the Operator shall promote the engagement procedure with participation of at least three (3) qualified suppliers. 3.21.3. 3.22.2.1. In case the Operator verifies a market situation where there are less than three (3) suppliers for contracting an item or service, the matter shall be taken to the Operating Committee for resolution, as provided for in Procedure C.

Appears in 2 contracts

Sources: Transfer of Rights Surplus Production Sharing Agreement, Transfer of Rights Surplus Production Sharing Agreement