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. 3.19.1. 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. 3.19.2. Under any circumstance, the Operator shall promote the engagement procedure with participation of at least three (3) qualified suppliers. 3.19.2.1. If the Operator finds a market situation in which there are less than 3 (three) suppliers for the contracting of a good or service, the Operator must make available to the other Consortium Members a preliminary list of participants in the contracting procedure, which must be completed with indications from any of the Consortium Members upon request to the Operator within a maximum period of 15 (fifteen) days from the receipt of the preliminary list.. 3.19.3. Any Consortium Member may have access to a copy of the agreements executed by the Operator upon request.

Appears in 2 contracts

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