Common use of Procurement of Small Works Clause in Contracts

Procurement of Small Works. Works estimated to cost less than $150,000 equivalent per contract, up to an aggregate amount not to exceed $240,000 equivalent (excluding from this ceiling works under Part E.3 (d) of the Project), may be procured under lump-sum, fixed-price contracts awarded on the basis of quotations obtained from three (3) qualified domestic contractors in response to a written invitation. The invitation shall include a detailed description of the works, including basic specifications, the required completion date, a basic form of agreement acceptable to the Association, and relevant drawings, where applicable. The award shall be made to the contractor who offers the lowest price quotation for the required work, and who has the experience and resources to complete the contract successfully.

Appears in 1 contract

Samples: Development Credit Agreement

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Procurement of Small Works. Works Except as provided in Part B.4 hereof, works estimated to cost less than $150,000 100,000 equivalent per contract, up to an aggregate amount not to exceed $240,000 equivalent (excluding from this ceiling works under Part E.3 (d) of the Project)1,300,000 equivalent, may be procured under lump-sum, fixed-price contracts awarded on the basis of quotations obtained from three (3) qualified domestic contractors in response to a written invitation. The invitation shall include a detailed description of the works, including basic specifications, the required completion date, a basic form of agreement acceptable to the AssociationBank, and relevant drawings, where applicable. The award shall be made to the contractor who offers the lowest price quotation for the required work, and who has the experience and resources to complete the contract successfully.

Appears in 1 contract

Samples: Loan Agreement

Procurement of Small Works. Works Except as provided in Part B.4 hereof, works estimated to cost less than $150,000 100,000 equivalent per contract, up to an aggregate amount not to exceed $240,000 equivalent (excluding from this ceiling works under Part E.3 (d) of the Project)2,100,000 equivalent, may be procured under lump-sum, fixed-price contracts awarded on the basis of quotations obtained from three (3) qualified domestic contractors in response to a written invitation. The invitation shall include a detailed description of the works, including basic specifications, the required completion date, a basic form of agreement acceptable to the AssociationBank, and relevant drawings, where applicable. The award shall be made to the contractor who offers the lowest price quotation for the required work, and who has the experience and resources to complete the contract successfully.

Appears in 1 contract

Samples: Loan Agreement

Procurement of Small Works. Works Except as provided in Part B.4 hereof, works financed by Grants under Part A of the Project estimated to cost less than $150,000 100,000 equivalent per contract, up to an aggregate amount not equivalent to exceed $240,000 equivalent (excluding from this ceiling works under Part E.3 (d) of the Project)27,500,000, may shall be procured under lump-lump sum, fixed-fixed price contracts awarded on the basis of quotations obtained from three (3) qualified domestic contractors in response to a written invitation. The invitation shall include a detailed description of the works, including basic specifications, the required completion date, a basic form of agreement acceptable to the AssociationBank, and relevant drawings, where applicable. The award shall be made to the contractor who offers the lowest price quotation for the required work, and who has the experience and resources to successfully complete the contract successfullycontract.

Appears in 1 contract

Samples: Loan Agreement

Procurement of Small Works. Works Except as provided in Part B.4 hereof, works estimated to cost less than $150,000 100,000 equivalent per contract, up to an aggregate amount not to exceed $240,000 equivalent (excluding from this ceiling works under Part E.3 (d) of the Project)800,000 equivalent, may be procured under lump-sum, fixed-price contracts awarded on the basis of quotations obtained from three (3) qualified domestic contractors in response to a written invitation. The invitation shall include a detailed description of the works, including basic specifications, the required completion date, a basic form of agreement acceptable to the AssociationBank, and relevant drawings, where applicable. The award shall be made to the contractor who offers the lowest price quotation for the required work, and who has the experience and resources to complete the contract successfully.

Appears in 1 contract

Samples: Loan Agreement

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Procurement of Small Works. Works under the Project including those under Part A.5 of the Project, estimated to cost less than $150,000 50,000 equivalent per contract, up to an aggregate amount not to exceed $240,000 equivalent (excluding from this ceiling works under Part E.3 (d) of the Project)1.5 million equivalent, may be procured under lump-sum, fixed-price contracts awarded on the basis of quotations obtained from three (3) qualified domestic contractors in response to a written invitation. The invitation shall include a detailed description of the works, including basic specifications, the required completion date, a basic form of agreement acceptable to the Association, and relevant drawings, where applicable. The award shall be made to the contractor who offers the lowest price quotation for the required work, and who has the experience and resources to complete the contract successfully.

Appears in 1 contract

Samples: Development Credit Agreement

Procurement of Small Works. Works under the Village Development Fund under Part D (v) of the Project estimated to cost less than $150,000 $ 30,000 equivalent per contract, up to an aggregate amount not to exceed $240,000 equivalent (excluding from this ceiling works under Part E.3 (d) of the Project)300,000 equivalent, may be procured under lump-sum, fixed-price contracts awarded on the basis of quotations obtained from three (3) qualified domestic contractors in response to a written invitation. The invitation shall include a detailed description of the works, including basic specifications, the required completion date, a basic form of agreement acceptable to the AssociationBank, and relevant drawings, where applicable. The award shall be made to the contractor who offers the lowest price quotation for the required work, and who has the experience and resources to complete the contract successfully.

Appears in 1 contract

Samples: Project Agreement

Procurement of Small Works. Works Except as provided in Part B.4 hereof, works financed by Grants under Part A of the Project estimated to cost less than $150,000 100,000 equivalent per contract, up to an aggregate amount not equivalent to exceed $240,000 equivalent (excluding from this ceiling works under Part E.3 (d) of the Project)2,000,000, may be procured under lump-lump sum, fixed-fixed price contracts awarded on the basis of quotations obtained from three (3) qualified domestic contractors in response to a written invitation. The invitation shall include a detailed description of the works, including basic specifications, the required completion date, a basic form of agreement acceptable to the AssociationBank, and relevant drawings, where applicable. The award shall be made to the contractor who offers the lowest price quotation for the required work, and who has the experience and resources to successfully complete the contract successfullycontract.

Appears in 1 contract

Samples: Loan Agreement

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