Purchasing Practices Sample Clauses

The Purchasing Practices clause sets out the standards and procedures that a buyer must follow when acquiring goods or services from a supplier. It typically outlines requirements such as order placement, lead times, quality expectations, and payment terms, ensuring both parties understand the process for making and fulfilling purchases. By clearly defining these practices, the clause helps prevent misunderstandings, streamlines procurement, and ensures that transactions are conducted fairly and efficiently.
Purchasing Practices. Purchasing practices shall be in accordance with 2 CFR part 200. Subrecipient must provide documentation indicating how all vendors, contractors, minority and/or women owned businesses are given an opportunity to participate in compliance with 2 CFR §200.321.
View SourceView Similar (23)
Purchasing Practices. Purchasing practices shall be at the very least in accordance with 2 CFR part 200. Center must provide documentation indicating how all vendors, contractors, minority and/or women owned businesses are given an opportunity to participate in compliance with 2 CFR §200.321.
View SourceView Similar (2)
Purchasing Practices. Purchasing practices shall be at the very least in accordance with 2 CFR part 200. Coalition must provide documentation indicating how all vendors, contractors, minority and/or women owned businesses are given an opportunity to participate incompliance with 2 CFR §200.321.
View Source
Purchasing Practices. In order to assure that prices for the student and staff populations of the District remain as low as industry standards permit, the Contractor shall make every attempt to purchase all foods, supplies and/or equipment as competitively as possible without sacrificing quality. No District involvement in the purchasing process is contemplated; the District, however, reserves to itself the right to inspect lists for price comparison purposes.
View Source
Purchasing Practices. Purchasing practices shall be at the very least in accordance with 24 CFR §85. City purchasing practices and other procedures shall prevail unless State and/or Federal practices and procedures are more stringent. If a bidding procedure is not used, FPR must provide documentation indicating how all vendors, contractors, minority and/or women owned businesses are given an opportunity to participate.
View Source
Purchasing Practices. Each Party shall use its best commercially reasonable efforts to take, or cause to be taken, any action to do, or cause to be done, all things necessary, proper or advisable under applicable laws to consummate and make effective the transactions and activities contemplated by this Agreement, including, but not
View Source
Purchasing Practices. HUD considers State purchasing regulations to be the acceptable standard for purchasing practices. Purchasing practices shall be at the very least in accordance with 2 CFR Part 200. Local purchasing practices and other procedures shall prevail unless State and/or Federal practices and procedures are more stringent. Therefore, Subrecipient is obligated to conform to the more restrictive practices and procedures. It is recommended that Subrecipient use a formal pre-numbered purchase order system where possible and applicable. If a bidding procedure is not used, Subrecipient must provide documentation indicating how all vendors, contractors, minority and/or women owned businesses are given an opportunity to participate.
View Source

Related to Purchasing Practices

  • Hiring Practices The Board shall, in all instances, employ teachers who are properly credentialed in accordance with applicable state laws, Washington Administrative Code, and by such other requirements as specified by the Office of the State Superintendent of Public Education. Classified personnel shall not be assigned to perform work in the instructional setting which will replace a currently employed certificated employee in his assignment or employment.

  • Practices The practices used or to be used by the Servicer, to monitor collections with respect to the Trust Property and repossess and dispose of the Financed Vehicles related to the Trust Property will be, in all material respects, in conformity with the requirements of all applicable federal and State laws, rules and regulations, and this Agreement. The Servicer is in possession of all State and local licenses (including all debt collection licenses) required for it to perform its services hereunder, and none of such licenses has been suspended, revoked or terminated, except where the failure to have such licenses would not be reasonably likely to have material adverse effect on its ability to service the Loans or Contracts or on the interest of the Indenture Trustee, the Trust Collateral Agent or the Noteholders.

  • FAIR PRACTICES The Union agrees to maintain its eligibility to represent all employees by continuing to admit persons to membership without discrimination on the basis of race, creed, color, national origin, sex or marital status and to represent equally all employees without regard to membership or participation in, or association with the activities of any employee organization. The Board agrees to continue its policy of not discriminating against any employee on the basis of race, creed, color, national origin, sex, marital status or membership or participation in, or association with the activities of, any employee organization.

  • Accounting Practices All matters concerning this FuturesAccess Fund’s accounting practices shall be determined by the Sponsor on a fair and equitable basis, and all such determinations shall be final and conclusive as to all Investors. However, the Sponsor shall be under no obligation whatsoever to make any deviations from the allocations set forth in this Article II. In reporting Net Asset Values to Investors and third parties on an interim basis, the Sponsor shall be entitled to accrue fees and payments due at the end of a period as if such fees or payments were due (on a pro rata basis, if appropriate) as of the end of an interim period within such period.

  • Servicing Practices The Servicer agrees to service Mortgage Loans in accordance with the requirements of this Agreement. In general, where not otherwise expressly required by the provisions of this Agreement, the Servicer shall service the Mortgage Loans in accordance with Prudent Servicing Practices and generally in accordance with FNMA guidelines. As to each Mortgage Loan, the Servicer shall take all such actions as may be necessary to preserve the lien of the related Security Instrument upon the related Mortgaged Property.