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| titulo | Article 1002: Valuation of Contracts |
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| contenido | Article 1002: Valuation of Contracts 1. Each Party shall ensure that its entities, in determining whether a contract is covered by this Chapter, apply paragraphs 2 through 7 in calculating the value of that contract. 2. The value of a contract shall be estimated as at the time of publication of a notice in accordance with Article 1010 --678-Art. 1010--. 3. In calculating the value of a contract, an entity shall take into account all forms of remuneration, including premiums, fees, commissions and interest. 4. Further to Article 1001(4) --677-Art. 1001--, an entity may not select a valuation method, or divide procurement requirements into separate contracts, to avoid the obligations of this Chapter. 5. Where an individual requirement for a procurement results in the award of more than one contract, or in contracts being awarded in separate parts, the basis for valuation shall be either:
6. In the case of a contract for lease or rental, with or without an option to buy, or in the case of a contract that does not specify a total price, the basis for valuation shall be:
If the entity is uncertain as to whether a contract is for a fixed or an indefinite term, the entity shall calculate the value of the contract using the method set out in subparagraph (b). 7. Where tender documentation requires option clauses, the basis for valuation shall be the total value of the maximum permissible procurement, including all possible optional purchases. |
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