Request for Price Sample Clauses

Request for Price. Offers (Request for Quotation) 1. Procurement by means of a request for price offers (request for quotation) shall be conducted if provided for by the procurement legislation of a Party, when the initial (maximum) price of a procurement agreement (contract) under the procurement legislation of a Party is not exceeded, including procurement of goods, works, and service according to the List of Appendix 2. In exceptional circumstances, the procurement legislation of a Party may define cases for conducting procurement by means of a request for price offers (request for quotation) independently from the initial (maximum) price of a procurement agreement (contract). 2. A potential supplier having offered the lowest procurement agreement (contract) price in compliance with the procurement legislation of a Party shall be deemed to be the winner of the request for price offers (request for quotation). 3. For conducting procurement by means of a request for price offers (request for quotation), a notice on its conduction shall be published (posted) on the Web portal within a timeframe set forth by the procurement legislation of a Party, but no later than 4 business days prior to the bid submission deadline for the request for price offers (request for quotation). 4. Each Party shall strive to transfer from a request for price offers (request for quotation) to predominantly holding auctions in the electronic format (form).