Common use of Threshold Amount Clause in Contracts

Threshold Amount. The Developer agrees to adhere to the supplier diversity policy for the procurement of materials and services for which the cost is more than the purchasing authority established for the City Manager on an annual basis pursuant to Article VII (Finance) § 15 (Purchase Procedure) of the City Charter, and for which there are qualified local certified M/WBE suppliers, providing competitive prices and with sufficient financial resources in light of the particular materials and services to be supplied. The City shall advise the Developer annually of any changes to this threshold amount, or the Developer may contact the City at any time for such information.

Appears in 3 contracts

Sources: Agreement for the Development, Operation and Maintenance of Public Golf Facilities, Agreement for the Development, Operation and Maintenance of Public Golf Facilities, Development Agreement