Purchase Price

See also article 72 of the Public Procurement Law of the Republic of Montenegro requiring the publication of annual public procurement assessment reports.

Article 29Where an enterprise buys back part of its financial liabilities, it shall distribute, on the repo day, the carrying amount of the whole financial liabilities in light of the comparatively fair value of the part that continues to be recognized and the part whose recognition has already been terminated.

148. For 1998 1999, the Unit will, in addition to its regular tasks, finalize the request for proposal for vehicles variants and ancillary services, the request for proposal for procurement of standardized vehicle batteries and the request for proposal for centralized procurement of standardized vehicle tyres.

41. Concerning the procurement of recycled paper, the Board s recommendation, in paragraph 82 of its report, was that requisitioning departments not be permitted to specify manufacturers to help ensure full competition and better value for money spent.

When reviewing tenders, procuring entities, it was said, should be allowed to seek justification of prices if they suspected abnormally low tenders.

See, e.g., in China, the Shanghai Interim Measures for the Management of Online Public Procurement Bidding, articles 22 and 27 the Shenzhen City Interim Measures for the Management of Online Public Procurement Bidding, article 31 the Zhuhai City Interim Measures for the Management of Online Public Procurement Bidding, article 29 and the Hefei City Interim Measures for the Management of Online Public Procurement Bidding, article 25.

See the Zhejiang Province Interim Measures for the Management of Online Public Procurement Bidding, article 8 the Shanghai Interim Measures for the Management of Online Public Procurement Bidding, article 6 and the Xuzhou City Interim Measures for the Management of Online Public Procurement Bidding, article 8.

(PPP )a

See the Shanghai Interim Measures for the Management of Online Public Procurement Bidding, article 19 and the Zhejiang Province Interim Measures for the Management of Online Public Procurement Bidding, article 22.

See, e.g., the Shanghai Interim Measures for the Management of Online Public Procurement Bidding , article 6, and the Zhejiang Province Interim Measures for the Management of Online Public Procurement Bidding , article 8.

Notwithstanding a provision in a request for proposals that price revisions could only be made during a reverse auction, the agency reasonably determined to request revised price proposals after the end of the auction, in response to an agency level protest, where the solicitation was ambiguous concerning when the auction would end and the agency reasonably believed that offerors may have been misled.

Reforming Repo Rules

There were instances of direct purchases by requisitioners, inadequately documented selection of vendors and the ordering of goods without competitive quotations.

See, in China, the Shanghai Interim Measures for the Management of Online Public Procurement Bidding , article 19 and the Zhejiang Province Interim Measures for the Management of Online Public Procurement Bidding, article 22.

See, e.g., the Shanghai Interim Measures for the Management of Online Public Procurement Bidding, article 17 and the Interim Measures for the Management of Online Public Procurement Bidding of Shunyi District of Beijing, article 15.

See, e.g., the Working Procedure for Online Procurement Bidding (Office Equipment), article 6, under the Zhejiang Province Interim Measures for the Management of Online Public Procurement Bidding.

(a) Analyse and evaluate various requests from requisitioning offices for procurement action

Further information and evaluation of this initiative should be included in the next procurement report.

However, in the United States, bidders are allowed to submit quotations (rather than bids), which are not considered to be binding offers under United States law until the purchase order is extended by the procuring entity and accepted by the bidder.

The buyer had to make a cover purchase at a higher price and sued to recover the extra price paid.

See, e.g., the Shanghai Interim Measures for the Management of Online Public Procurement Bidding.

(1)In the active market, the quoted prices of an enterprise for the financial assets it holds or the financial liabilities it plans to assume shall be the present actual offer, while the quoted prices of an enterprise for the financial assets it plans to acquire or the financial liabilities it has assumed shall be the available charge.

Accordingly, effective 1 October 1998, all requisitioning departments will be required to complete a supplier performance report.

See, e.g., article 22 of the Shanghai Interim Measures for the Management of Online Public Procurement Bidding.

See, in China, the Shanghai Interim Measures for the Management of Online Public Procurement Bidding, article 22 the Shunyi District of Beijing Interim Measures for the Management of Online Public Procurement Bidding, article 20 and the Liuzhou City Rules of Implementation for Public Procurement through Online Procurement , article 22.

Buy Back or Pay Forward?

A literal application of the principle of lowest acceptable bid would mean that preference should be given to direct procurement from manufacturers where this latter option proves less costly than local procurement.

(a) Obtain reports on the value of non expendable property purchased by all implementing agencies out of UNEP funds and disclose the value in the notes to the financial statements (para. 15)

Procurement report

Most Parties that reported belonged to the low income group, with GDP per capita in some cases less than USD 500 (in 1995 prices adjusted for purchasing power parity).

Most reporting Parties belonged to the low income group, with GDP per capita in some cases less than USD 500 (in 1995 prices adjusted for purchasing power parity).

(17) As regards income from selling repurchase securities, it is required to make disclosure of the beginning balance, ending balance and the agreed repurchase price at maturity of each trading place.

In both countries, reports are to contain procuring agency details, contract details (such as start and end dates, procurement method, value, description sufficient to identify the nature and the quantity of goods or services procured or the period of standing offer) and supplier details (such as name, address and registration numbers)).

See, e.g., the Zhejiang Province Interim Measures for the Management of Online Public Procurement Bidding , article 22.

The corresponding reduction in requisition value was more than 15 million.

In addition, no consultant who has been engaged to prepare or review technical specifications or otherwise to assist in the evaluation of bids or proposals should be allowed to recommend any suppliers for the proposed procurement or itself to tender any bids or proposals.

The Procurement Service of the Department of Management, on behalf of the Department of Peacekeeping Operations, issued a request for proposal to a number of international qualified vendors.

Debt buy back and Brady bonds11

Procurement of recycled paper ( 1.2 million)

The issue is, at that price, can you give them some extra value?

(c) Limiting procurement of local goods that were of a higher price and an inferior quality

15. The Board recommends that reports on the value of non expendable property purchased by the implementing agencies out of UNEP funds be obtained and the value of such property be disclosed in the notes to the financial statements.

In May 1996, the three missions started procurement action for the supply of rations for 1997, following which the Procurement Division issued requests for proposal on 8 November 1996 requesting a response within 33 days.

They are of the view that the formal aspects of reporting on procurement are already on the agenda of HLCM (IAPWG started reporting on procurement to the Committee in 2003), and thus formalizing the mandate of IAPWG adds no value.