This is a Preferential Right to Purchase Production form. The assignor reserves the right at any time and from time to time to purchase or designate a purchaser for all of assignees oil and other liquid hydrocarbons produced and saved from the interests in the lands and leases that are the subject of this assignment.
North Dakota Preferential Right to Purchase Production
Category:
State:
Multi-State
Control #:
US-OG-505
Format:
Word;
Rich Text
Instant download
Description
How to fill out Preferential Right To Purchase Production?
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FAQ
The domestic content procurement preference requires that all iron, steel, manufactured products, and construction materials used in covered infrastructure projects are produced in the United States.
Bidders for state contracts may include procurement preferences as a means to strengthen their bids' competitiveness. The value of any single 5% preference is limited to $50,000 and the combined value of two or more preferences cannot exceed 15% or $100,000, whichever is lower.
If you qualify for the preference on a particular line item, the procurement officer will lower your price for that line item before comparing your price to the other vendors. Your price will be decreased by a certain percentage. The percentage depends on the preferences for which the bidder qualifies.
Purchase Preference means preference in purchase, for the local enterprises included in the category under clause 1(a) in response to a bid called by any procuring entity, with all other parameters of the bid being the same; and.
A Preferred Supplier Program is a common technique used in Procurement and Supply Chain to help build strategic supplier partnerships, ensure the best possible pricing, and increase internal compliance with Procurement guidelines.
