Today's gas glut and yesterday's contracts: the British Gas predicament

International Nuclear Information System (INIS)

Stoppard, M.

1996-10-01

Deregulation of the gas and electricity industries has led to a state of pronounced oversupply in the UK gas market. The effects of this oversupply became apparent during the course of 1995 and took two forms. Firstly, there was the emergence of a market for the short-term trading of gas. The price levels in this market collapsed in the first half of 1995 opening up a price gap between ''spot'' and contract gas. Secondly, some contract gas was paid for but was not produced, so that delivery to market was indefinitely postponed: there was a run-up in inventory - or ''take-or-pay'' - gas levels, as a form of keeping supply off the market. Oversupply has exerted great pressure on a number of market participants throughout the gas chain who remain locked into purchase agreements for volumes which have no market outlet, and at prices above market levels. The rally in spot price levels experienced since the second quarter of 1996 has eased pressure within the market but has not removed the fundamental strains. The market is expected to remain in oversupply at least up to the end of 1998. Keen price competition may not clear the market even at discount prices, so that shut-in of production capacity is likely. The consequent build-up in take-or-pay levels will continue through the period, although at steadily declining rates, and there is little scope prior to 1999 for the industry as a whole to offload this inventory gas on the market. (author)

Papers of the Canadian Institute's forum on natural gas purchasing strategies : critical information for natural gas consumers in a time of diminishing natural gas supplies and higher prices

International Nuclear Information System (INIS)

2003-01-01

This conference provided insight into how to prosper in an increasingly complex natural gas marketplace. The presentations from key industry players offered valuable information on natural gas purchasing strategies that are working in the current volatile price environment. Diminishing natural gas supplies in North America mean that higher prices and volatility will continue. Other market challenges stem from potential cost increases in gas transportation, unbundling of natural gas services, and the changing energy marketing environment. The main factors that will affect prices for the winter of 2004 were outlined along with risk management and the best pricing strategies for businesses. The key strategies for managing the risks associated with natural gas purchase contracts were also reviewed, along with the issue of converging natural gas and electricity markets and the impact on energy consumers. The conference featured 15 presentations, of which 4 have been indexed separately for inclusion in this database. refs., tabs., figs

Purchase of electric power: the obscure side of contracts

International Nuclear Information System (INIS)

Richard, Roger

2003-01-01

The progressive opening of the French power market prepares the spreading of eligibility to the overall professional consumers by July 1, 2004. Only the domestic market will have to wait until July 1, 2007 to be able to freely chose a power 'dealer'. However, this market opening leaves some doubts about the formalities to comply with to be able to change of power supplier. This article shows that, today, the rules are far to be fixed: an eligible client has to sign 5 types of different contracts (contract(s) of purchase, convention of connection to the grid, convention of exploitation (when the client is also producer), contract of access to the grid, contract with a balance responsible authority). Thus the commission of electricity regulation (CRE) has to elaborate a unique and simpler contract for the future consumers. (J.S.)

76 FR 44089 - Agency Information Collection (Offer To Purchase and Contract of Sale) Activity Under OMB Review

Science.gov (United States)

2011-07-22

... Purchase and Contract of Sale) Activity Under OMB Review AGENCY: Veterans Benefits Administration... Management and Budget (OMB) for review and comment. The PRA submission describes the nature of the... Purchase and Contract of Sale, VA Form 26-6705. b. Credit Statement of Prospective Purchaser, VA Form 26...

Purchasing health services abroad: practices of cross-border contracting and patient mobility in six European countries.

Science.gov (United States)

Glinos, Irene A; Baeten, Rita; Maarse, Hans

2010-05-01

Contracting health services outside the public, statutory health system entails purchasing capacity from domestic non-public providers or from providers abroad. Over the last decade, these practices have made their way into European health systems, brought about by performance-oriented reforms and EU principles of free movement. The aim of the article is to explain the development, functioning, purposes and possible implications of cross-border contracting. Primary and secondary sources on purchasing from providers abroad have been collected in a systematic way and analysed in a structured frame. We found practices in six European countries. The findings suggest that purchasers from benefit-in-kind systems contract capacity abroad when this responds to unmet demand; pressures domestic providers; and/or offers financial advantages, especially where statutory purchasers compete. Providers which receive patients tend to be located in countries where treatment costs are lower and/or where providers compete. The modalities of purchasing and delivering care abroad vary considerably depending on contracts being centralised or direct, the involvement of middlemen, funding and pricing mechanisms, cross-border pathways and volumes of patient flows. The arrangements and concepts which cross-border contracting relies on suggest that statutory health purchasers, under pressure to deliver value for money and striving for cost-efficiency, experiment with new ways of organising health services for their populations. Copyright (c) 2009 Elsevier Ireland Ltd. All rights reserved.

SaskEnergy small volume customers - direct gas purchase stakeholder discussion and public input report

International Nuclear Information System (INIS)

Davidson, M. A.

1998-01-01

With the approval of the Provincial Government of Saskatchewan, SaskEnergy, the provincial utility decided to extend the premise of natural gas deregulation to all sizes of customers by opening the core market for natural gas commodity sales to private sector natural gas agents, brokers and marketers (ABMs). SaskEnergy will continue to provide natural gas transportation and storage related services. Before doing so, the Utility sought to discuss with various stakeholders the terms and conditions that would need to be met by industry to enter into the Saskatchewan market. To assure a balanced interest during the discussions that would include a perspective on consumer protection requirements, the Utility contracted KPMG Regina to chair the stakeholders discussion table and facilitate a public input process for interested individuals to channel comments and seek responses to questions. This report contains the edited summary of the four meetings held by stakeholders. The stakeholders were successful in providing SaskEnergy with insight and suggestions to ensure that a direct purchase market will be developed in Saskatchewan, and that consumers will have objective information to make informed choices about their natural gas purchase options. The meetings also produced an ABMs Code of Conduct, a Direct Purchase 'Enrollment Agreement' and a 'Disclosure Agreement' and delivery terms and conditions for the core market that are similar to industry requirements in the rest of Canada. Copies of the draft forms are included in appendices to this summary report

Analyzing Contingency Contracting Purchases for Operation Iraqi Freedom (Unrestricted Version)

Science.gov (United States)

2008-01-01

that could inform such strategic purchasing decisions. 14 We used the unique contract identification number to check for cross -organization...beds, mattresses, dressers , footlockers) Other (stools, rugs, seats, cabinets, tables, folding chairs, paintings) Generators Various power generators

Price management mechanisms and the gas contract

International Nuclear Information System (INIS)

Dickson, D.J.

1996-01-01

Pricing objectives and risk management strategies that can be achieved through the proper use of the standard gas contract, were discussed. Main topics of discussion were: (1) gas sales contract and convertible pricing, (2) gas contract and imbedded hedging, gas contracts and exchange traded instruments, (4) gas contracts fixed for floating swaps, and OTC options and exotics, (5) options and exotic price structures, and (6) advantages and disadvantages of using the gas contract versus the swap agreement

26 CFR 1.72-16 - Life insurance contracts purchased under qualified employee plans.

Science.gov (United States)

2010-04-01

... pension, annuity, or profit-sharing plans for the purchase of life insurance contracts and rules for the... income, an endowment, or other contract providing life insurance protection. The rules of this section.... (b) Treatment of cost of life insurance protection. (1) The rules of this paragraph are applicable to...

Ensuring Reliable Natural Gas-Fired Generation with Fuel Contracts and Storage - DOE/NETL-2017/1816

Energy Technology Data Exchange (ETDEWEB)

Myles, Paul T. [National Energy Technology Lab. (NETL), Albany, OR (United States); Labarbara, Kirk A. [National Energy Technology Lab. (NETL), Albany, OR (United States); Logan, Cecilia Elise [National Energy Technology Lab. (NETL), Albany, OR (United States)

2017-11-17

This report finds that natural gas-fired power plants purchase fuel both on the spot market and through firm supply contracts; there do not appear to be clear drivers propelling power plants toward one or the other type. Most natural gas-fired power generators are located near major natural gas transmission pipelines, and most natural gas contracts are currently procured on the spot market. Although there is some regional variation in the type of contract used, a strong regional pattern does not emerge. Whether gas prices are higher with spot or firm contracts varies by both region and year. Natural gas prices that push the generators higher in the supply curve would make them less likely to dispatch. Most of the natural gas generators discussed in this report would be unlikely to enter firm contracts if the agreed price would decrease their dispatch frequency. The price points at which these generators would be unlikely to enter a firm contract depends upon the region that the generator is in, and how dependent that region is on natural gas. The Electric Reliability Council of Texas (ERCOT) is more dependent on natural gas than either Eastern Interconnection or Western Interconnection. This report shows that above-ground storage is prohibitively expensive with respect to providing storage for an extended operational fuel reserve comparable to the amount of on-site fuel storage used for coal-fired plants. Further, both pressurized and atmospheric tanks require a significant amount of land for storage, even to support one day’s operation at full output. Underground storage offers the only viable option for 30-day operational storage of natural gas, and that is limited by the location of suitable geologic formations and depleted fields.

Dealing with security of supply issues in natural gas sales contracts

International Nuclear Information System (INIS)

Park, J. J.

1999-01-01

To avoid huge losses in a market where commodity prices can rise dramatically, gas marketers have developed a portfolio of contractual and non-contractual structures to avoid such losses. These structures had the effect of providing a sense of security that have proven to be false, or potentially false pending the outcome of decisions of appeal courts. This paper reviews these structures and examines some of the current issues. Non-contractual strategies employed by gas marketers include corporate warranty, dealing only with financially strong and reputable parties, limiting the dollar amount of exposure, and making short-term deals only. Contractual strategies include dedication of reserves (committing the gas produced from certain specified lands), requiring guarantee from corporate parent, letters of credit, or performance bonds. The concept of 'material adverse change' (MAC) a common method for dealing with the potential need for future security and its consequences, bankruptcies, receivership and set-off are explored and the manner in which the availability of set-off has changed following the recent Blue Range decision. In this decision the Court held that Enron's Master Agreement with Blue Range was not an 'eligible financial contract' because it contemplated the physical delivery of gas. Based on this decision it is possible to argue that set-off is no longer available for contracts intended for the physical delivery of natural gas. The collective consequence of these events and the recent spate of marketing failures require the gas marketing industry to review their forms of agreement and to reconsider their market exposure to any particular purchaser or supplier. The significant losses to companies that resulted from recent bankruptcies and insolvencies provide ample evidence that assuming a safe, closed position based on conventional gas marketing contracts is a risky proposition

Deregulation, market structure and gas prices in the Canadian Natural Gas Industry

International Nuclear Information System (INIS)

Uhler, R.S.

1992-01-01

During the course of the development of the natural gas industry in Canada, gas purchase and sales markets have evolved from being relatively free of regulation to being highly regulated and back again. Though pipeline transport charges were regulated, the pipeline companies, or their subsidiaries, owned the gas that they transported and price and other provisions of purchase and sales contracts were freely negotiated with the producers at one end and distributing utilities or industrial users at the other end. The Western Accord of 1985 set the process of deregulation of the Canadian natural gas industry in motion. On November 1, 1986, natural gas prices in interprovincial trade were deregulated in that domestic natural gas prices were to be freely negotiated. Although not stated explicitly, government policy is to permit export prices to be freely negotiated so long as they do not fall below domestic prices. The deregulation process has dramatically changed the relationship between buyers and sellers. Of particular importance is that deregulation has permitted companies to negotiate gas purchase contracts directly with producers with the pipeline company acting solely as a gas transporter. The purpose of this paper is to examine the forces that have led to shorter term contracts and to examine the likely effect of these contract terms on reservoir development investment incentives. 5 refs., 3 figs

Consequences of the Public Contract Law for Purchase of Scientific Appliances in the Czech Republic

Directory of Open Access Journals (Sweden)

Martin Vyklický

2015-01-01

Full Text Available This article essentially covers in more detail the consequences of the present wording of the Public Contract Law for purchase of scientific appliances in the Czech Republic. The beginning of the article deals with increasing public expenses in research; then, the problem is defined concerning unsuitable wording of certain provisions of the Public Contract Law; while subsequently, the solution for the problem is searched together with the final comments. Investing of public funds into science and research is probably the most efficient in a long-term horizon. However, the flow of funds for acquisition of scientific and research equipment should be supported by appropriate legislation with such wording and form not to prevent purchases of that equipment. Availability of public funds for something which in fact cannot be, due to wrongly set legislation, acquired by a contracting authority is the problem which must be eliminated through timely implementation of the above proposed changes in the Public Contract Law.

Purchasing non-utility power

International Nuclear Information System (INIS)

Brackeen, L.G.

1990-01-01

The author discusses Houston Lighting and Power Company's procedure for purchasing power from cogenerators. By way of introduction, HL and P is the eighth largest electric utility in the United States in terms of kilowatt-hour sales and the second largest purchaser of natural gas in the nation. HL and P is also the principal utility providing electric service to the massive petrochemical industry in Southeast Texas. Of the 4,800 MW of cogeneration available, HL and P buys 945 MW under firm contracts, wheel 1,600 MW to other utilities, buy 400 MW under non-firm contracts and the balance is self-generation used to displace power which would otherwise be purchased from HL and P. With all this cogeneration capacity available, the problem until recently has been managing the surplus. HL and P now is finding itself in the unaccustomed position of needing to buy additional power or build plants to meet the modest growth it forecasts for Houston. The need for additional capacity coincides with the expiration of cogeneration contracts in 1993 and 1994. To meet this capacity need, they are determined to avoid buying cogeneration at a very high price and on delivery terms which do not reflect realistic benefits to their electric customers. The paper gives information on the background on PUC regulations and legislation, then briefly reviews the procedure for purchase of cogenerated power in Texas

BC gas takes new approach to gas supply optimization

International Nuclear Information System (INIS)

Cawdery, J.; Swoveland, C.

1992-01-01

Wide-ranging changes have taken place in the US and Canada since the mid-1980s in the way that local gas distribution utilities and large industrial customers contract for their gas supplies. This paper reports that these changes have been brought about by open-access policies, the intent of which was to allow customers more latitude to make their gas purchase and transportation arrangements and to improve the access of shippers to available gas transmission capacity. The effects of the new open-access regime have been profound on both sides of the border. More than 70% of North American gas supplies are now sold under unbundled arrangements in which gas supply is contracted under separate commodity and transportation agreements. For local distribution utilities, the numbers of potential supply options have become extremely large. Analysis of these options has become increasingly complex with the need to take account of complicated contract provisions, a wider range of storage options and swap arrangements with other utilities, opportunities for some customers to purchase gas directly and uncertainty about future demand, prices and supplier reliability

Proposal to negotiate the renewal of two blanket purchase contracts for the supply of automation systems and fieldbus equipment

CERN Document Server

2005-01-01

This document concerns the renewal of two blanket purchase contracts for the supply of automation systems and fieldbus equipment for the CERN accelerators, technical services and experiments. The Finance Committee is invited to agree to the negotiation of the renewal of two blanket purchase contracts with SCHNEIDER ELECTRIC (FR) and SIEMENS SUISSE (CH) for the supply of automation systems and fieldbus equipment for a period of three years. The total annual amount covering both contracts will not exceed 3 000 000 Swiss francs, subject to revision for inflation.

Recent trends in gas contracting in North America

International Nuclear Information System (INIS)

Maffitt, D. W.

1999-01-01

An overview of recent business trends impacting upon natural gas contracting in North America is provided. Among the trends examined are supply and demand, natural gas prices, access to the U.S. market, gas sales contracts, electronic gas sales, retail level marketing, the growing popularity of 'one-stop shopping', and standardization of contracts. Overall, supplies appear to be adequate for now, demand is growing, prices are volatile, short-term contracts are more popular than long-term ones, electronic commerce combined with one-stop shopping marketing at the retail level is growing, and standardization of spot and short-term gas sales contracts is slowly being accepted by industry as a means to to improve the efficiency of the market. 12 refs

The pipeline service obligation under changing LDC purchasing practices

International Nuclear Information System (INIS)

Neff, S.J.

1990-01-01

Historically, interstate natural gas pipelines served as aggregators and transporters of gas supplies from the producing fields to the city-gate. In turn, local distribution companies (LDCs) bought gas from pipelines at the city-gate under long-term sales contracts and resold the gas to retail customers. Once a pipeline/LDC sales relationship was established through a regulated certificate process, the LDC was assured of gas supply up to the level of its contract demand (CD) at just and reasonable rates until abandonment of the pipeline's sales service obligation was granted by the Federal Energy Regulatory Commission (FERC). During the years of regulated wellhead pricing and limited gas deliverability, pipelines signed long-term take-or-pay contracts with producers to induce them to develop and commit new gas supplies. Those supply cost obligations were reflected in tariff minimum bill provisions. For years, this pipeline/LDC arrangement was mutually beneficial and provided assured firm service. With the load diversity on large interstate pipeline systems and the make-up provisions under take-or-pay clauses, these gas purchase contracts provided supply reliability without negative economic consequence to the pipelines. Then, with the issuance of FERC Order Nos. 380, 436, and 500, LDCs' obligations to purchase gas from pipeline suppliers according to the terms of those long term sales agreements were irrevocably altered. The impacts of those long term sales agreements were irrevocably altered. The impacts of those orders the elimination of minimum bills and the advent of open access transportation caused a serious erosion of the mutual obligations between pipelines and their LDC customers. The result has been a significant loss of pipeline sales markets as LDC customers have chosen alternative supplied, often at the urging of state public utility commissions (PUCs) to lower short-term costs

Natural gas contracts in an emerging competitive market

International Nuclear Information System (INIS)

Sutherland, R.J.

1992-01-01

Natural gas is being viewed by many as the fuel of the 1990s and beyond because of its environmental qualities, relatively low cost and significant domestic resource base. However, in the Fall of 1991, a group of electric utility executives met with then Deputy Secretary of Energy Henson Moore and asserted that an inability to obtain long term gas contracts meant that supplies are unreliable and construction of gas-fueled generating stations is being discouraged. This study was requested by the Deputy Secretary to address the issues surrounding long-term gas contracts and supply reliability. The relationship between supply reliability and contracts is explained in terms of the number of buyers and sellers in a market. With the appropriate state regulatory policies, utilities can contract for gas and obtain reliable supplies at competitive market prices. Public utility commissioners are encouraged to permit utilities a free choice in signing gas contracts, but to allow only competitive market prices to be reflected in allowable fuel costs

Natural gas contracts in an emerging competitive market

Energy Technology Data Exchange (ETDEWEB)

Sutherland, R.J.

1992-11-01

Natural gas is being viewed by many as the fuel of the 1990s and beyond because of its environmental qualities, relatively low cost and significant domestic resource base. However, in the Fall of 1991, a group of electric utility executives met with then Deputy Secretary of Energy Henson Moore and asserted that an inability to obtain long term gas contracts meant that supplies are unreliable and construction of gas-fueled generating stations is being discouraged. This study was requested by the Deputy Secretary to address the issues surrounding long-term gas contracts and supply reliability. The relationship between supply reliability and contracts is explained in terms of the number of buyers and sellers in a market. With the appropriate state regulatory policies, utilities can contract for gas and obtain reliable supplies at competitive market prices. Public utility commissioners are encouraged to permit utilities a free choice in signing gas contracts, but to allow only competitive market prices to be reflected in allowable fuel costs.

Natural gas contracts in an emerging competitive market

Energy Technology Data Exchange (ETDEWEB)

Sutherland, R.J.

1992-01-01

Natural gas is being viewed by many as the fuel of the 1990s and beyond because of its environmental qualities, relatively low cost and significant domestic resource base. However, in the Fall of 1991, a group of electric utility executives met with then Deputy Secretary of Energy Henson Moore and asserted that an inability to obtain long term gas contracts meant that supplies are unreliable and construction of gas-fueled generating stations is being discouraged. This study was requested by the Deputy Secretary to address the issues surrounding long-term gas contracts and supply reliability. The relationship between supply reliability and contracts is explained in terms of the number of buyers and sellers in a market. With the appropriate state regulatory policies, utilities can contract for gas and obtain reliable supplies at competitive market prices. Public utility commissioners are encouraged to permit utilities a free choice in signing gas contracts, but to allow only competitive market prices to be reflected in allowable fuel costs.

Changing incentives for long-term gas contracts

International Nuclear Information System (INIS)

Bohi, D.R.

1992-01-01

There is much concern about the absence of long-term gas contracts with fixed price and quantity conditions, which until recent years was the standard way of doing business in the gas industry. These types of contracts performed a valuable service in the development of the gas industry, and there comparative absence today is sometimes thought to be one reason for the current malaise in the industry. One hears the argument that there must be some kind of 'market failure' that prevents buyers and sellers from entering into these long term arrangements, and recent changes in state and federal regulations are often cited as the cause of the problem. The purpose of the author's remarks is to argue that what is taken as a breakdown in the market may be simply a reaction to a decline in economic incentives to enter into long-term contracts with rigid price and quantity terms. This is, in other words, simply one more aspect of change in the gas business that Frank Heintz referred to in his opening remarks this morning. The author starts by giving a brief description of the motives for engaging in long-term contracts, and then describes how incentives to use long-term contracts have declined for both gas buyers and gas sellers. He concludes that the decline in the use of long-term contracts is not cause for regulatory concern, but a result of the continuing transformation of the gas business to one that more closely resembles other commodity markets

25 CFR 227.14 - Government reserves right to purchase oil and gas.

Science.gov (United States)

2010-04-01

... 25 Indians 1 2010-04-01 2010-04-01 false Government reserves right to purchase oil and gas. 227.14... § 227.14 Government reserves right to purchase oil and gas. In time of war or other public emergency any... posted market price on the date of sale all or any part of the minerals produced under any lease. Rents...

25 CFR 900.91 - Who takes title to property purchased with funds under a self-determination contract or grant...

Science.gov (United States)

2010-04-01

..., DEPARTMENT OF HEALTH AND HUMAN SERVICES CONTRACTS UNDER THE INDIAN SELF-DETERMINATION AND EDUCATION... self-determination contract or grant agreement pursuant to section 105(f)(2)(A) of the Act? 900.91... property purchased with funds under a self-determination contract or grant agreement pursuant to section...

Proposal to negotiate an amendment to an existing blanket purchase contract for the supply and repair of subracks for the LHC experiments

CERN Document Server

2006-01-01

This document concerns the proposal to negotiate an amendment to an existing blanket purchase contract for the supply and repair of subracks for the LHC experiments. For the reasons explained in this document, the Finance Committee is invited to agree to the negotiation of an amendment to the blanket purchase contract for the supply and repair of subracks for the LHC experiments with the company WIENER, PLEIN & BAUS (DE), for an extension of the period of supply from four to six years for an amount exceeding the previously authorised amount of 5 600 000 euros, subject to revision for inflation from January 2003, by up to 1 880 000 euros, subject to revision for inflation, bringing the total amount of the blanket purchase contract to a maximum amount of 7 480 000 euros, subject to revision for inflation. At the present rate of exchange, the total amended amount of the blanket purchase contract is equivalent to approximately 11 800 000 Swiss francs. CERN's total financial contribution to the funding of the ...

Natural gas marketing II

International Nuclear Information System (INIS)

Anon.

1988-01-01

This book covers all aspects of gas marketing, from the basic regulatory structure to the latest developments in negotiating agreements and locating markets. Topics include: Federal regulation of the gas industry; Fundamentals of gas marketing contracts; FERC actions encouraging competitive markets; Marketing conditions from the pipelines' perspective; State non-utility regulation of natural gas production, transportation, and marketing; Natural gas wellhead agreements and tariffs; Natural gas processing agreements; Effective management of producer's natural gas contracts; Producer-pipeline litigation; Natural gas purchasing from the perspective of industrial gas users; Gas marketing by co-owners: problems of disproportionate sales, gas balancing, and accounting to royalty owners; Alternatives and new directions in marketing

Integrating climate forecasts and natural gas supply information into a natural gas purchasing decision

Science.gov (United States)

Changnon, David; Ritsche, Michael; Elyea, Karen; Shelton, Steve; Schramm, Kevin

2000-09-01

This paper illustrates a key lesson related to most uses of long-range climate forecast information, namely that effective weather-related decision-making requires understanding and integration of weather information with other, often complex factors. Northern Illinois University's heating plant manager and staff meteorologist, along with a group of meteorology students, worked together to assess different types of available information that could be used in an autumn natural gas purchasing decision. Weather information assessed included the impact of ENSO events on winters in northern Illinois and the Climate Prediction Center's (CPC) long-range climate outlooks. Non-weather factors, such as the cost and available supplies of natural gas prior to the heating season, contribute to the complexity of the natural gas purchase decision. A decision tree was developed and it incorporated three parts: (a) natural gas supply levels, (b) the CPC long-lead climate outlooks for the region, and (c) an ENSO model developed for DeKalb. The results were used to decide in autumn whether to lock in a price or ride the market each winter. The decision tree was tested for the period 1995-99, and returned a cost-effective decision in three of the four winters.

Exploring the market for third-party-owned residential photovoltaic systems: insights from lease and power-purchase agreement contract structures and costs in California

International Nuclear Information System (INIS)

Davidson, Carolyn; Steinberg, Daniel; Margolis, Robert

2015-01-01

Over the past several years, third-party-ownership (TPO) structures for residential photovoltaic (PV) systems have become the predominant ownership model in the US residential market. Under a TPO contract, the PV system host typically makes payments to the third-party owner of the system. Anecdotal evidence suggests that the total TPO contract payments made by the customer can differ significantly from payments in which the system host directly purchases the system. Furthermore, payments can vary depending on TPO contract structure. To date, a paucity of data on TPO contracts has precluded studies evaluating trends in TPO contract cost. This study relies on a sample of 1113 contracts for residential PV systems installed in 2010–2012 under the California Solar Initiative to evaluate how the timing of payments under a TPO contract impacts the ultimate cost of the system to the customer. Furthermore, we evaluate how the total cost of TPO systems to customers has changed through time, and the degree to which contract costs have tracked trends in the installed costs of a PV system. We find that the structure of the contract and the timing of the payments have financial implications for the customer: (1) power-purchase contracts, on average, cost more than leases, (2) no-money-down contracts are more costly than prepaid contracts, assuming a customer’s discount rate is lower than 17% and (3) contracts that include escalator clauses cost more, for both power-purchase agreements and leases, at most plausible discount rates. In addition, all contract costs exhibit a wide range, and do not parallel trends in installed costs over time. (letter)

76 FR 27380 - Proposed Information Collection (Offer To Purchase and Contract of Sale) Activity: Comment Request

Science.gov (United States)

2011-05-11

... To Purchase and Contract of Sale) Activity: Comment Request AGENCY: Veterans Benefits Administration, Department of Veterans Affairs. ACTION: Notice. SUMMARY: The Veterans Benefits Administration (VBA... collection of information; (3) ways to enhance the quality, utility, and clarity of the information to be...

Assignments of rights and obligations under a gas sales contract

International Nuclear Information System (INIS)

Kowch, J.R.M.

1996-01-01

A general overview of the principles of assignment in a gas sales contract was presented. Assignment is a process wherein the rights or obligations under a contract are transferred from one of the contracting parties to a third party. It is, in other words, the introduction of a new party to the original contractual relationship. Under the rights and obligations of a gas sales contract, the most important right of the seller is to have its gas taken and to be paid. Likewise, the most important obligation of the buyer is to take the gas and pay for it. An assignment by either party has the potential to alter the original expectations of the parties or the basis of which they committed to the contract in the first place. Prior to deregulation and unbundling initiatives, gas sellers and buyers could enter a 20 year sales contract and deal exclusively with each other over the entire 20 year term. Since deregulation, there are more players, and a higher level of corporate acquisitions, divestitures, rationalizations, and restructuring. Today, there are greater chances than ever before that the original party to a contract may change, or that certain rights and obligations may be assigned to a third party and affect the expectations under the contract

Customer choice: Purchasing energy in a deregulated market

International Nuclear Information System (INIS)

Thumann, A.

1999-01-01

This book presents the detailed guidance on how to effectively purchase deregulated energy, based on first-hand reports from many of the nation's most knowledgeable experts. It is designed to provide the kind of practical advice needed by professionals who are responsible for making energy purchasing decisions. The book gives a ten-step program to guide building owners in purchasing decision making, a state-by-state retail competition update, and guidelines for buying electricity and natural gas over the worldwide web. Other topics include contract renegotiation strategies, an assessment of power pools, the role of aggregators in the energy market, real time pricing issues, where cogeneration fits within today's marketplace, and lessons learned from deregulation experiences in Scandinavia and England

Cogeneration new electric power purchase contract. What is the impact of the new regulation framework approved in december 2002

International Nuclear Information System (INIS)

Loffler, P.; Guenaire, M.; Balaguier, Ph.; Haushalter, J.; Fraisse, J.L.; Bernard, L.; Gauthier, J.M.; Tronche, D.; Ravetto, P.

2003-06-01

This conference deals with the following topics: the new legal framework and the future contracts evolution, is it possible and interesting to take advantage of the new purchase contract, energy efficiency and technical innovation, the problems of the electric power network integration, the organization of a cogeneration project, experiences examples. (A.L.B.)

Tax shifting in long-term gas sales contracts

International Nuclear Information System (INIS)

Asche, Frank; Osmundsen, Petter; Tveteraas, Ragnar

2002-01-01

Producers or consumers faced with an increase in taxes are usually able to shift parts of it to other levels in the value chain. We examine who are actually bearing the burden of increased taxes on natural gas in the EU-area - consumers or exporters. Strategic trade policy and cross-border consumer tax shifting are of particular interest, as the EU-area increasingly is a net importer of gas. Traditional tax incidence theory presumes spot markets. Natural gas in the EU-area, however, is to a large extent regulated by incomplete long-term contracts. Still, spot market forces could be indicative for tax shifting, by determining the ex post bargaining power in contract renegotiations. By examining tax shifting in gas sales data we test whether this is the case. To investigate tax incidence, we estimate natural gas demand elasticities for the household sector in EU countries as well as a reduced form import equation. We test whether gas import prices, which are predominantly determined by long-term contracts, have been influenced by end-user tax shifts. (author)

Contracts Take or Pay, for supply and transport of gas

International Nuclear Information System (INIS)

Velasquez Bermudez, Jesus Maria

2000-01-01

The present article has as objective to study the effect that has the contract of supply and of transport of gas that subscribe generators agents of the electric sector with the agents of the market of the gas. The article concentrates on the study of the denominated contracts take or pay. Initially the modeling is analyzed to include the effect of the contracts of gas in the mathematical models that are used to support the works of planning. Later on is studied of optimal form to determining the prices in spot markets of the industries associated to the contracts. Finally is presented the methodology and controlled experiments that allow to identify and to quantify the macro economic effect of the contracts

Long term contracts in portfolios of gas supply

International Nuclear Information System (INIS)

Burns, D.

1992-01-01

This paper promotes the idea of long-term contracting for natural gas local distributors and utilities. It presents a brief history of how the spot-market developed and the effects spot-marketing can have in times of supply shortages. This has also resulted in a drastic decrease in exploration and development in the gas industry as gas supplies have exceeding demand, driving the prices down. The paper proposes several methods to restabilize the long-term contracting of gas by considering volume and pricing flexibility. Some brief discussions of industry-wide statistics are presented to show reserve replacement costs which would be needed to preserve the industry in a profit-making situation

Contracting out gas processing : the pros and cons

International Nuclear Information System (INIS)

Stout, D.L.

1999-01-01

The impact of competition within the energy industry on the midstream infrastructure was discussed. It was demonstrated that it is no longer necessary to own all or a portion of a processing facility to be a successful exploration company. It is now possible for midstream operators to manage the transmission business, the gas storage sector and the gas processing segment of the industry. Contract options and issues that should be addressed by natural gas producers in determining risks involved in contracting out were summarized. Changes in the industry has greatly expanded the options and opportunities for companies, both upstream and midstream. The industry has been contracting out gas processing for many years. However, the entry into the business of the specialized midstream player should further enhance the producer's options. The ultimate goal for the producer should be to benefit from lower costs, long term offerings, and a reduced need to invest potential exploration capital into non-core processing facilities

Proposal to negotiate an amendment to an existing blanket purchase contract for the supply of Burndy connectors for the LHC project and LHC experiments

CERN Document Server

2006-01-01

This document concerns the proposal to negotiate an amendment to an existing blanket purchase contract for the supply of Burndy connectors for the LHC project and LHC experiments. For the reasons explained in this document, the Finance Committee is invited to agree to the negotiation of an amendment to the blanket purchase contract for the supply of Burndy connectors for the LHC project and LHC experiments with the company SOURIAU (CH), for the next three years for up to 600 000 euros (954 600 Swiss francs), subject to revision for inflation from January 2007, bringing the total amount of the blanket purchase contract to a maximum amount of 1 200 000 euros (1 909 200 Swiss francs), subject to revision for inflation from January 2007. The amounts in Swiss francs have been calculated using the present rate of exchange. 2006/60/5/e

New options for purchasing electricity

International Nuclear Information System (INIS)

2003-10-01

This guide is intended for small to medium commercial customers in Alberta and explains new options for purchasing electricity. Small to medium customers include corner stores, community centres, schools, small office buildings, and light industrial businesses. In the 1990s, private power producers in Alberta built 3,000 megawatts of new generation, adding 30 per cent more supply to the power grid in the province. Prices in the deregulated electricity market have fluctuated with natural gas prices, changing weather and changing power demands. The competitive electricity market was opened on January 1, 2001 in Alberta, offering consumers purchasing choices such as green power, multi-year contracts, or electricity rates under the Regulated Rate Option (RRO). The RRO was a transition mechanism that will end by December 31, 2003 at which time, small to medium commercial customers will have the option to shop around for competitive electricity contracts that provide a fixed price of power over time, or they can opt to stay with their current supplier and receive a regulated flow-through of market prices. Under the flow-through option, risk of future deferral charges is reduced, but electricity prices will probably change between billing periods. 1 fig

Long-term contracts for European gas supply - an empirical analysis of the changing nature of pipeline and LNG-contracts

International Nuclear Information System (INIS)

Neumann, Anne

2005-01-01

As the structure of the European natural gas market is evolving towards more competition and more diverse market structures than before, the nature of the long-term contracts for European natural gas supply is also undergoing change. Experience from other liberalization processes, such as in the U.S. or the UK, suggests that the importance of long-term contracts diminishes over time, but that they remain an important element of supply. In Europe long-term contracts are still considered as a firm basis for investment and financing of capital-intensive infrastructure with a high degree of asset and relationship-specificity. Literature on institutional economics also suggests that long-term contracts act as a device to overcome the ''hold-up'' problem of relationship-specific investments in infrastructure (Klein, Crawford, and Alchian, 1987; Williamson, 1975, 1985). On the other hand, Hartley and Brito (2002) show that more flexible markets also imply a lower degree of asset specificity, thus requiring less fixed contracts. This paper explores the changing nature of long-term contracts for European natural gas supply, with a particular focus on differences between contracts for pipeline gas and liquefied natural gas (LNG). Traditionally, Europe relied on very long-term contracts for pipeline gas (Russia, Norway, Algeria). More recently, increasing LNG supplies are contemplated as a more flexible source of natural gas: The international LNG market is becoming more flexible, LNG can be sourced from a variety of sellers, and the cost of LNG supplies and infrastructure is coming down rapidly (Jensen, 2004). Thus, the evaluation of investing in LNG infrastructure (and the so bought flexibility and possibility of arbitraging profits) may be higher than committing to fixed/predetermined flows of pipeline gas. We ask whether this is reflected in the observed contracts. The paper is based on standard contract theory (Bolton and Dewatripont, 2005). We apply a microeconomic

Greenhouse gas emission factors of purchased electricity from interconnected grids

International Nuclear Information System (INIS)

Ji, Ling; Liang, Sai; Qu, Shen; Zhang, Yanxia; Xu, Ming; Jia, Xiaoping; Jia, Yingtao; Niu, Dongxiao; Yuan, Jiahai; Hou, Yong; Wang, Haikun; Chiu, Anthony S.F.; Hu, Xiaojun

2016-01-01

Highlights: • A new accounting framework is proposed for GHG emission factors of power grids. • Three cases are used to demonstrate the proposed framework. • Comparisons with previous system boundaries approve the necessity. - Abstract: Electricity trade among power grids leads to difficulties in measuring greenhouse gas (GHG) emission factors of purchased electricity. Traditional methods assume either electricity purchased from a grid is entirely produced locally (Boundary I) or imported electricity is entirely produced by the exporting grid (Boundary II) (in fact a blend of electricity produced by many grids). Both methods ignore the fact that electricity can be indirectly traded between grids. Failing to capture such indirect electricity trade can underestimate or overestimate GHG emissions of purchased electricity in interconnected grid networks, potentially leading to incorrectly accounting for the effects of emission reduction policies involving purchased electricity. We propose a “Boundary III” framework to account for emissions both directly and indirectly caused by purchased electricity in interconnected gird networks. We use three case studies on a national grid network, an Eurasian Continent grid network, and North Europe grid network to demonstrate the proposed Boundary III emission factors. We found that the difference on GHG emissions of purchased electricity estimated using different emission factors can be considerably large. We suggest to standardize the choice of different emission factors based on how interconnected the local grid is with other grids.

What constitutes the gas sales contract in the evolving marketplace?

International Nuclear Information System (INIS)

Hughes, T.M.

1996-01-01

A general overview of certain fundamental issues of contract law, which are relevant to gas sales transactions, was presented. Since deregulation, parties of the Canadian natural gas market are free to negotiate the terms of arrangements and contracts with any number of buyers and sellers. With deregulation also came a substantial increase in the amount of litigation regarding sales contracts. Two basic issues that should be kept in mind when negotiating any gas sales contract were letter agreements, (two versions of non-binding letters of intent), and requirement of writing. Within the requirements of writing one should be mindful of the legal implications of the fraud statutes, the Sale of Goods Act, what constitutes a sufficient note or memorandum, what constitutes the requisite signature, contracting out of the requirement of writing and signature on the mass agreement, certainty of terms, and the terms implied by legislation. It was considered advantageous for both buyers and sellers to continue to be vigilant about the contractual arrangements respecting all of their gas transactions

75 FR 29404 - Contract Reporting Requirements of Intrastate Natural Gas Companies

Science.gov (United States)

2010-05-26

...; Order No. 735] Contract Reporting Requirements of Intrastate Natural Gas Companies May 20, 2010. AGENCY... revises the contract reporting requirements for those natural gas pipelines that fall under the Commission's jurisdiction pursuant to section 311 of the Natural Gas Policy Act or section 1(c) of the Natural...

Recall campaign for gas bottles and banks

CERN Multimedia

2015-01-01

The previous contract with gas supplier Carbagas ended on 31 March 2015. Gas bottles and banks are not a property of CERN. According to the contract terms, they can remain on CERN sites without any extra costs until 30 September 2015.    If you are using Carbagas containers (bottles and/or banks) for gas purchased between 1 April 2010 and 31 March 2015, multiple options exist: Return them to the closest gas point. Purchase them on the following basis:     Rent them on the following basis: 12 CHF/month for bottles, 144 CHF/month for banks. The recall campaign has been going on for several months already: we would like to thank everyone who has already replied to it. If you haven’t answered yet, there is still time. If you know of unused or abandoned Carbagas containers, please don’t hesitate to contact us. Thank you i...

Two-part pricing structure in long-term gas sales contracts

International Nuclear Information System (INIS)

Slocum, J.C.; Lee, S.Y.

1992-01-01

Although the incremental electricity generation market has the potential to be a major growth area for natural gas demand in the U.S., it may never live up to such promise unless gas suppliers are more willing to enter into long-term gas sales agreements necessary to nurture this segment of the industry. The authors submit that producer reluctance to enter into such long-term sales agreements can be traced, at least in part to the differing contract price requirements between gas producers and buyers. This paper will address an evolving solution to this contracting dilemma - the development of a two-part pricing structure for the gas commodity. A two-part pricing structure includes a usage or throughput charge established in a way to yield a marginal gas cost competitive with electric utility avoided costs, and a reservation charge established to guarantee a minimum cash flow to the producer. Moreover, the combined effect of the two charges may yield total revenues that better reflect the producer's replacement cost of the reserves committed under the contract. 2 tabs

Proposal for the Award of a Blanket Purchase Contract for the Supply of PC Servers

CERN Document Server

2003-01-01

This document concerns the award of a contract for the supply and the hardware support of Windows compatible PC servers for a three-year period with a view to maintaining and evolving CERN's Windows infrastructure over the coming years. Following a market survey carried out among 38 firms in eleven Member States, a call for tenders (IT-2955/IT) was sent on 27 January 2003 to six firms in two Member States. By the closing date, CERN had received two tenders from two firms in one Member State. The Finance Committee is invited to agree to the negotiation of a three-year blanket purchase contract with ELONEX (CH), the lowest bidder complying with the specification, for the supply of Windows compatible PC servers for a total amount not exceeding 1 100 000 Swiss francs, not subject to revision. The firm has indicated the following distribution by country of the contract value covered by this adjudication proposal: GB - 100%.

48 CFR 970.4402 - Contractor purchasing system.

Science.gov (United States)

2010-10-01

... 48 Federal Acquisition Regulations System 5 2010-10-01 2010-10-01 false Contractor purchasing... SUPPLEMENTARY REGULATIONS DOE MANAGEMENT AND OPERATING CONTRACTS Management and Operating Contractor Purchasing 970.4402 Contractor purchasing system. ...

Investment risk aspects of new gas contracts in the UKCS

International Nuclear Information System (INIS)

Kemp, A.G.; Stephen, L.

1996-01-01

The market faced by gas producers in the UKCS has changed considerably since 1990. Producers contemplating the development of new fields are today highly unlikely to attain life-of-field depletion contracts for their gas. They may not even be able to negotiate long-term take or pay contracts for a high proportion of their reserves. Today's producers face not only volume risk, in the sense that they may be unable to attain contracts for all their reserves, but they are exposed to price risks to a greater extent than they have been in the past. The aim of this study is to consider the degree of economic risk faced by gas producers in this new market situation with emphasis on volume and price risks. Emphasis is given to the position of an investor contemplating the development of a new field in circumstances where firm contract(s) are available for only some of the potential output of the field, and assessments of the chances of obtaining further contracts have to be made and set alongside the effects of simply selling gas on the spot market. The emphasis is on elucidating the risk:reward situation facing investors in such situations. The underlying objective of the investor is taken to be the maximisation of his returns (expressed in terms of net present value (NPV)). Attention in the risk analysis is given to upside potential and downside risks. (author)

48 CFR 813.202 - Purchase guidelines.

Science.gov (United States)

2010-10-01

... 48 Federal Acquisition Regulations System 5 2010-10-01 2010-10-01 false Purchase guidelines. 813.202 Section 813.202 Federal Acquisition Regulations System DEPARTMENT OF VETERANS AFFAIRS CONTRACTING... Threshold 813.202 Purchase guidelines. Open market micro-purchases shall be equitably distributed among all...

Overview of the EPRI CONTRACTMIX model for natural gas applications

International Nuclear Information System (INIS)

1993-09-01

The Contract Mix Model (CONTRACTMIX) is designed to assist gas supply planners in analyzing the costs and risks of alternative supply strategies. By explicitly incorporating uncertainty about gas demand and market conditions into the analysis, the methodology permits the analyst to compare contracting strategies on the basis of cost and risk and to assess the value of flexible strategies and contracts. The model is applicable to purchase decisions for natural gas and other fuels. CONTRACTMIX may be used at all phases of supply decision-making, from broad strategy formulation to detailed contract design and evaluation. This document introduces the prospective user to the model's capability for analysis of gas supply contracting decisions. The document describes the types of problems CONTRACTMIX is designed to address as well as the model's structure, inputs, outputs, and unique features

Uranium purchases report 1992

International Nuclear Information System (INIS)

1993-01-01

Data reported by domestic nuclear utility companies in their responses to the 1991 and 1992 ''Uranium Industry Annual Survey,'' Form EIA-858, Schedule B ''Uranium Marketing Activities,are provided in response to the requirements in the Energy Policy Act 1992. Data on utility uranium purchases and imports are shown on Table 1. Utility enrichment feed deliveries and secondary market acquisitions of uranium equivalent of US DOE separative work units are shown on Table 2. Appendix A contains a listing of firms that sold uranium to US utilities during 1992 under new domestic purchase contracts. Appendix B contains a similar listing of firms that sold uranium to US utilities during 1992 under new import purchase contracts. Appendix C contains an explanation of Form EIA-858 survey methodologies with emphasis on the processing of Schedule B data

Uranium purchases report 1994

International Nuclear Information System (INIS)

1995-07-01

US utilities are required to report to the Secretary of Energy annually the country of origin and the seller of any uranium or enriched uranium purchased or imported into the US, as well as the country of origin and seller of any enrichment services purchased by the utility. This report compiles these data and also contains a glossary of terms and additional purchase information covering average price and contract duration. 3 tabs

Long-term contracts and take-or-pay clauses in natural gas markets

International Nuclear Information System (INIS)

Creti, A.; Villeneuve, B.

2004-01-01

Theoretical and empirical research on long-term contracts inspired by the American experience are surveyed, with emphasis on the analysis of the role of take-or-pay clauses and price indexation rules, and whether regulation distorts optimal contract duration. The underlying motivation is to analyze the economic fundamentals of the European Union provisions on long-term contracts in the natural gas industry, and to highlight the features that differentiate them from the American experience. The impacts of long term contracts in the opening to competition of the European Union natural gas sector, and the apparent confusion between contract duration and flexibility as applied to long-term contracts in the European Union, are also explored. 29 refs., 2 tabs

High-current discharge channel contraction in high density gas

International Nuclear Information System (INIS)

Rutberg, Ph. G.; Bogomaz, A. A.; Pinchuk, M. E.; Budin, A. V.; Leks, A. G.; Pozubenkov, A. A.

2011-01-01

Research results for discharges at current amplitudes of 0.5-1.6 MA and current rise rate of ∼10 10 A/s are presented. The discharge is performed in the hydrogen environment at the initial pressure of 5-35 MPa. Initiation is implemented by a wire explosion. The time length of the first half-period of the discharge current is 70-150 μs. Under such conditions, discharge channel contraction is observed; the contraction is followed by soft x-ray radiation. The phenomena are discussed, which are determined by high density of the gas surrounding the discharge channel. These phenomena are increase of the current critical value, where the channel contraction begins and growth of temperature in the axis region of the channel, where the initial density of the gas increases.

Food and beverage purchases in corner stores, gas-marts, pharmacies and dollar stores.

Science.gov (United States)

Caspi, Caitlin E; Lenk, Kathleen; Pelletier, Jennifer E; Barnes, Timothy L; Harnack, Lisa; Erickson, Darin J; Laska, Melissa N

2017-10-01

Little is known about customer purchases of foods and beverages from small and non-traditional food retailers (i.e. corner stores, gas-marts, dollar stores and pharmacies). The present study aimed to: (i) describe customer characteristics, shopping frequency and reasons for shopping at small and non-traditional food retailers; and (ii) describe food/beverage purchases and their nutritional quality, including differences across store type. Data were collected through customer intercept interviews. Nutritional quality of food/beverage purchases was analysed; a Healthy Eating Index-2010 (HEI-2010) score for purchases was created by aggregating participant purchases at each store. Small and non-traditional food stores that were not WIC-authorized in Minneapolis and St. Paul, MN, USA. Customers (n 661) from 105 food retailers. Among participants, 29 % shopped at the store at least once daily; an additional 44 % shopped there at least once weekly. Most participants (74 %) cited convenient location as the primary draw to the store. Customers purchased a median of 2262 kJ (540 kcal), which varied by store type (P=0·04). The amount of added sugar far surpassed national dietary recommendations. At dollar stores, participants purchased a median of 5302 kJ (1266 kcal) for a median value of $US 2·89. Sugar-sweetened beverages were the most common purchase. The mean HEI-2010 score across all stores was 36·4. Small and non-traditional food stores contribute to the urban food environment. Given the poor nutritional quality of purchases, findings support the need for interventions that address customer decision making in these stores.

Gas contracting following the introduction of competition into the U.K. gas market

International Nuclear Information System (INIS)

Aron, D.

1992-01-01

The paper discusses the changing nature of gas contracting in the UK. As background the paper will review the advantages and disadvantages of the old system of gas sales. Finally the paper seeks to address some of the new opportunities and problems that are arising under the new competitive arrangements

How is Order 636 affecting the gas producing industry?

International Nuclear Information System (INIS)

Anon.

1993-01-01

This paper is an interview with an energy representative for a major gas-producing company regarding the impact of the Federal Energy Regulatory Commission (FERC) Order 636. This legislation was suppose to streamline the interstate transportation of natural gas unhindered by local distribution company (LCD) interference. Many times these LCD's owned a portion of the necessary pipeline route used to transport natural gas, and as a result, had a priority on purchasing pipeline gas whenever they needed. This could, in turn, result in a depletion of contract gas which was in-route to a specified contract market. Such interferences caused problems with the contract markets, but could boost the net profits to natural gas companies who had excess gas that could be sold in-route to other markets. This paper addresses both the pro's and cons' of this new regulation on both the pipeline and gas producing companies

Focus on regional consequences by allocation of gas contracts

International Nuclear Information System (INIS)

Amundsen, E.S.; Sunnevaag, K.

1994-08-01

The Ministry of Industry and Energy evaluates which of the natural gas fields to be selected for covering the gas supply based on contract obligations. The evaluation aims at giving a total valuation of possible development solutions on the Norwegian continental shelf. Actual solutions are based on fields located in the Haltenbanken area or in the North Sea. The present report relates to a study analysing the consequences on how the employment and regional conditions are influencing the socio-economic and real economic factors by alternative solutions of contract allocations. 38 refs., 9 figs., 7 tabs

Gas inventory charges and peak-load reliability

International Nuclear Information System (INIS)

Lyon, T.P.; Hackett, S.C.

1990-01-01

The natural gas industry has historically been organized through a vertical sequence of long-term contracts, the first between wellhead producer and pipeline, and the second between pipeline and local distribution company (LDC). These long-term contracts contained provisions, variously called take-or-pay (TOP) clauses or minimum bills, that required buyers to pay for a minimum level of supply in all later time periods, regardless of the buyers' actual demand requirements. As a result, the pipeline's purchase obligation was typically offset by the distributor's purchase obligation, so that the pipeline essentially passed the minimum purchase requirement directly from producer to distributor. The authors focus on the role GICs (Gas Inventory Charges) can play in the provision of peak-load reliability, and the effects of GICs and their treatment by regulators on pipeline system design. In particular, they compare the various options available to local distribution companies (LDCs) for providing peak-load reliability, emphasizing the alternative downstream storage. They find that the ratemaking decisions of state regulators may distort LDC choices between different gas supply options, inducing what may be an inefficient demand for new storage facilities. GICs, when competitively prices, offer state regulators a means of circumventing these distortions

Group purchasing: an overview.

Science.gov (United States)

Wetrich, J G

1987-07-01

The various types and operational methods of purchasing groups are described, and evaluation of groups is discussed. Since group purchasing is increasing in popularity as a method of controlling drug costs, community and hospital pharmacy managers may need to evaluate various groups to determine the appropriateness of their services. Groups are categorized as independent, system based, or alliance or association based. Instead of "purchasing," some groups develop contracts for hospitals, which then purchase directly from the vendor. Aside from this basic difference between groups that purchase and groups that contract, comparisons among groups are difficult because of the wide variation in sizes and services. Competition developing from diversification among groups has led to "super groups," formed from local and regional groups. In evaluating groups, advantages and disadvantages germane to accomplishing the member's objectives must be considered. To ensure a group's success, members must be committed and support the group's philosophies; hospital pharmacists must help to establish a strong formulary system. To select vendors, groups should develop formal qualification and selection criteria and should not base a decision solely on price. The method of solicitation (bidding or negotiating), as well as the role of the prime vendor, should be studied. Legal implications of group purchasing, especially in the areas of administrative fees and drug diversion, must also be considered. The most advantageous group for each organization will include members with common missions and will be able to implement strategies for future success.

Report about the purchase of electric power by local authorities. Report from the expertise group (August 11, 2004 version); Rapport sur l'achat d'electricite par les collectivites locales. Rapport du groupe d'expertise (version du 11 aout 2004)

Energy Technology Data Exchange (ETDEWEB)

NONE

2004-07-01

The coexistence of both a regulated and a free gas and electricity market leads to a particular situation where public people can launch a call for bids procedure and stop it at any time, in particular if the de-regulated price becomes greater than the regulated one. This report from a working group of experts presents: the electricity purchase and competition (identification of sites concerned by the enforcement of competition and public markets right, towards the abandonment of the 'eligibility declaration' procedure); the general saving linked with power purchase contracts of eligible clients (synopsis of power demand contracts, grid access contracts, power supply contracts and balance contracts); enforcement of the public markets law to the electricity purchase for the supply of eligible town or inter-town sites, and intervention of public cooperation companies in the regrouping of these purchases (determination of market entering modalities and of the contractual framework applicable to these power purchases, advantage and modalities of purchases regrouping under a public cooperation company); document types; glossary. (J.S.)

48 CFR 13.202 - Purchase guidelines.

Science.gov (United States)

2010-10-01

... 48 Federal Acquisition Regulations System 1 2010-10-01 2010-10-01 false Purchase guidelines. 13.202 Section 13.202 Federal Acquisition Regulations System FEDERAL ACQUISITION REGULATION CONTRACTING... Threshold 13.202 Purchase guidelines. (a) Solicitation, evaluation of quotations, and award. (1) To the...

48 CFR 970.5244-1 - Contractor purchasing system.

Science.gov (United States)

2010-10-01

... 48 Federal Acquisition Regulations System 5 2010-10-01 2010-10-01 false Contractor purchasing... for Management and Operating Contracts 970.5244-1 Contractor purchasing system. As prescribed in 970.4403 insert the following clause: Contractor Purchasing System (AUG 2009) (a) General. The Contractor...

Purchasing management experience of Haiyang nuclear power project construction period

International Nuclear Information System (INIS)

Ma Yuqin

2013-01-01

Purchasing is one of the important aspects to ensure the safety and quality of the nuclear power plant. This paper, combining the purchasing peculiarity and purchasing process of Haiyang nuclear power project, summarizes experiences of Haiyang nuclear power project in promoting its purchasing management level in aspects of purchasing method choosing, purchasing plan management, purchasing process optimization, purchasing contract implementation and purchasing surveillance, etc. (author)

75 FR 80685 - Contract Reporting Requirements of Intrastate Natural Gas Companies

Science.gov (United States)

2010-12-23

...; Order No. 735-A] Contract Reporting Requirements of Intrastate Natural Gas Companies Issued December 16... Storage Report for Intrastate Natural Gas and Hinshaw Pipelines. Order No. 735-A generally reaffirms the... reporting requirements for (1) intrastate natural gas pipelines \\2\\ providing interstate transportation...

Optimal combined purchasing strategies for a risk-averse manufacturer under price uncertainty

Directory of Open Access Journals (Sweden)

Qiao Wu

2015-09-01

Full Text Available Purpose: The purpose of our paper is to analyze optimal purchasing strategies when a manufacturer can buy raw materials from a long-term contract supplier and a spot market under spot price uncertainty. Design/methodology/approach: This procurement model can be solved by using dynamic programming. First, we maximize the DM’s utility of the second period, obtaining the optimal contract quantity and spot quantity for the second period. Then, maximize the DM’s utility of both periods, obtaining the optimal purchasing strategy for the first period. We use a numerical method to compare the performance level of a pure spot sourcing strategy with that of a mixed strategy. Findings: Our results show that optimal purchasing strategies vary with the trend of contract prices. If the contract price falls, the total quantity purchased in period 1 will decrease in the degree of risk aversion. If the contract price increases, the total quantity purchased in period 1 will increase in the degree of risk aversion. The relationship between the optimal contract quantity and the degree of risk aversion depends on whether the expected spot price or the contract price is larger in period 2. Finally, we compare the performance levels between a combined strategy and a spot sourcing strategy. It shows that a combined strategy is optimal for a risk-averse buyer. Originality/value: It’s challenging to deal with a two-period procurement problem with risk consideration. We have obtained results of a two-period procurement problem with two sourcing options, namely contract procurement and spot purchases. Our model incorporates the buyer’s risk aversion factor and the change of contract prices, which are not addressed in early studies.

Decision support models for natural gas dispatch

Energy Technology Data Exchange (ETDEWEB)

Chin, L. (Bentley College, Waltham, MA (United States)); Vollmann, T.E. (International Inst. for Management Development, Lausanne (Switzerland))

A decision support model is presented which will give utilities the support tools to manage the purchasing of natural gas supplies in the most cost effective manner without reducing winter safety stocks to below minimum levels. In Business As Usual (BAU) purchasing quantities vary with the daily forecasts. With Material Requirements Planning (MRP) and Linear Programming (LP), two types of factors are used: seasonal weather and decision rule. Under current practices, BAU simulation uses the least expensive gas source first, then adding successively more expensive sources. Material Requirements Planning is a production planning technique which uses a parent item master production schedule to determine time phased requirements for component points. Where the MPS is the aggregate gas demand forecasts for the contract year. This satisfies daily demand with least expensive gas and uses more expensive when necessary with automatic computation of available-to-promise (ATP) gas a dispacher knows daily when extra gas supplies may be ATP. Linear Programming is a mathematical algorithm used to determine optimal allocations of scarce resources to achieve a desired result. The LP model determines optimal daily gas purchase decisions with respect to supply cost minimization. Using these models, it appears possible to raise gross income margins 6 to 10% with minimal additions of customers and no new gas supply.

Decision support models for natural gas dispatch

International Nuclear Information System (INIS)

Chin, L.; Vollmann, T.E.

1992-01-01

A decision support model is presented which will give utilities the support tools to manage the purchasing of natural gas supplies in the most cost effective manner without reducing winter safety stocks to below minimum levels. In Business As Usual (BAU) purchasing quantities vary with the daily forecasts. With Material Requirements Planning (MRP) and Linear Programming (LP), two types of factors are used: seasonal weather and decision rule. Under current practices, BAU simulation uses the least expensive gas source first, then adding successively more expensive sources. Material Requirements Planning is a production planning technique which uses a parent item master production schedule to determine time phased requirements for component points. Where the MPS is the aggregate gas demand forecasts for the contract year. This satisfies daily demand with least expensive gas and uses more expensive when necessary with automatic computation of available-to-promise (ATP) gas a dispacher knows daily when extra gas supplies may be ATP. Linear Programming is a mathematical algorithm used to determine optimal allocations of scarce resources to achieve a desired result. The LP model determines optimal daily gas purchase decisions with respect to supply cost minimization. Using these models, it appears possible to raise gross income margins 6 to 10% with minimal additions of customers and no new gas supply

Conference Proceedings: Structuring oil and gas property transactions

International Nuclear Information System (INIS)

1999-01-01

The 12 presentations at this conference dealt with issues concerning the legal aspects of oil and gas property transaction agreements. Several issues regarding sales and purchase negotiations of oil and gas property are reviewed and some of the basic principles of contract law are explained. Advantages, disadvantages and opportunities of structuring oil and gas property acquisitions, as well as their tax consequences are also identified. The issue of risk assessment regarding environmental consequences and how public concerns regarding the state of the environment has had an impact on oil and gas transactions, is addressed. Interest in this topic stems from the fact that improved enforcement of existing laws regarding the environment can potentially make purchasers liable for significant costs associated with remediation or clean-up of contaminated properties. refs., tabs., figs

Two 'hot buttons' in gas contracting: security performance and force majeure

International Nuclear Information System (INIS)

Park, J.J.

1996-01-01

Two important developments in gas contracting issues are the 'force majeure' provisions and security for performance clauses. 'Force majeure' was defined as any acts of God or any acts of omission by a transporter of gas, which is excused by any event not within the control of the party claiming suspension. 'Force majeure' provisions need to be specifically negotiated in every case. These issues often arise in gas contracting situations, but the nature of Canada's non-litigious oil and gas industry is such that we have had little or no Canadian case law to assist in interpreting what these clauses mean. The 'force majeure' clause is basically meant to protect the parties from events outside normal business risk. The security of performance issue arises when the obligation of a supplier of gas to perform, and the obligation of a buyer of gas to pay, is unsecured, as would be the case for example, if one of the parties becomes bankrupt

Long-term contracts vs. short-term trade of natural gas - a European perspective

International Nuclear Information System (INIS)

Neuhoff, Karsten; Hirschhausen, Christian von

2005-01-01

This paper analyses the economics of long-term gas contracts under changing institutional conditions, mainly gas sector liberalisation. The paper is motivated by the increasingly tense debate in continental Europe, UK and the US on the security of long-term gas supply. We discuss the main issues regarding long-term contracts, i.e. the changing role of the flexibility clause, the effect of abandoning the destination clause, and the strategic behaviour of producers between long-term sales and spot-sales. The literature suggests consumers and producers benefit from risk hedging through long-term contracts. Furthermore long-term contracts may reduce exercise of market power. Our analysis adds an additional benefit if the long-run demand elasticity is significantly lower than the short-run elasticity, both strategic producers and consumers benefit from lower prices and larger market volume. Some policy implications of the findings are also discussed. (Author)

Guide to purchasing electricity and gas

International Nuclear Information System (INIS)

Cunningham, P.R.; Burrell, D.

1999-01-01

An issue which now faces all energy users is understanding the specifics of the impact of the deregulation of the electric and natural gas industries. This book was written to help one understand the forces behind deregulation, and how one can use this knowledge now to negotiate lower utility rates, even if deregulation has not been fully implemented in one's area. Readers will learn how coordinating new rate packages with the management of in-house loads can multiply savings. Essential ingredients to successful negotiation are clearly outlined, including assessing the alternatives for both load management and supply, understanding interruptible rate options, doing homework on ongoing deregulation activities, finding out who makes the decisions and working directly with them, and hands-on involvement in fine tuning the final contract. Case studies are also included

Order of the 27. of January 2011 setting electricity purchase conditions

International Nuclear Information System (INIS)

2011-01-01

This order sets the purchase conditions for electricity produced by installations using mainly the energy released by combustion of vegetal or animal non fossil materials. The articles concern the description of the producer installation, the contracting process, the purchase contract, conditions to be met by the installation, and the definition of tariff indexing. In appendix, the text specifies some calculations rules for energy efficiency and for the purchase tariff. It also indicates some administrative aspects, and atmospheric dismissal conditions

Natural gas purchasing

International Nuclear Information System (INIS)

Freedenthal, C.

1993-01-01

In recent years, natural gas has gained new momentum because of changes in marketing and regulations. The gas industry has always received an inordinate amount of regulatory control starting at the well head where the gas is produced to the consuming burner tip. Regulations have drastically impacted the availability of gas. Changes in the marketing and regulations have made the natural gas market sensitive at the point of production, the well head. Now, with plentiful supply and ease of transportation to bring the gas from the producing fields to the consumer, natural gas markets are taking advantage of the changed conditions. At the same time, new markets are developing to take advantage of the changes. This section shows consumers, especially the energy planners for large buyers of fuel, the advantages, sources and new methods of securing natural gas supplies. Background on how natural gas is produced and marketed are given. This section lists marketing sources, regulatory agencies and information groups available to help buyers and consumers of this important fuel for US industries and residences. 7 figs., 8 tabs

The Contract Management Body of Knowledge: A Comparison of Contracting Competencies

Science.gov (United States)

2013-12-01

and supply chain management policies in an effort to deliver higher returns for their companies ( KPMG , 2012). As purchasing becomes increasingly more...conservation, hazardous materials , and ozone-depleting substances (NCMA, 2011). Contract Structures (1.5) has to do with identifying specific contract types...discusses time and material contracts as well as cost, performance, and delivery incentives. Incentive and award-fee contracts pertaining to fixed-price

Gas contract portfolio management: a stochastic programming approach

International Nuclear Information System (INIS)

Haurie, A.; Smeers, Y.; Zaccour, G.

1991-01-01

This paper deals with a stochastic programming model which complements long range market simulation models generating scenarios concerning the evolution of demand and prices for gas in different market segments. Agas company has to negociate contracts with lengths going from one to twenty years. This stochastic model is designed to assess the risk associated with committing the gas production capacity of the company to these market segments. Different approaches are presented to overcome the difficulties associated with the very large size of the resulting optimization problem

Award of two contracts for the renting of magnetic tape drives and tape libraries for LHC data storage and the purchase of the associated tape cartridges

CERN Document Server

2005-01-01

This document concerns the award of two contracts for the renting and possible subsequent purchase of magnetic tape drives and tape libraries for LHC data storage. The Finance Committee is invited to agree to the procedure described in section 3 of this document for the evaluation and possible subsequent purchase of tape drives and tape libraries for the storage of data from the LHC experiments. Subject to approval of this procedure, the Finance Committee is further invited to approve the negotiation of a contract for the renting of tape drives and tape libraries for evaluation purposes from IBM, for an amount of 579 707 Swiss francs, and from StorageTek, for an amount of 472 297 Swiss francs, during the period January 2006 â?" March 2007, plus the purchase of the associated tape cartridges for amounts of 202 500 Swiss francs and 284 748 Swiss francs respectively. The Finance Committee will be informed of the results of the evaluation by the end of 2006 and, subject to the outcome, will be invited to approve...

41 CFR 101-25.202 - Factors to be used to determine assignment of purchase responsibility.

Science.gov (United States)

2010-07-01

... experience of agency purchasing and contracting officials and their operating units with due regard to... determine assignment of purchase responsibility. 101-25.202 Section 101-25.202 Public Contracts and Property... PROCUREMENT 25-GENERAL 25.2-Interagency Purchase Assignments § 101-25.202 Factors to be used to determine...

Dynamic Contraction of the Positive Column of a Self-Sustained Glow Discharge in Molecular Gas Flow

Science.gov (United States)

Shneider, Mikhail

2014-10-01

Contraction of the gas discharge, when current contracts from a significant volume of weakly ionized plasma into a thin arc channel, was attracted attention of scientists for more than a century. Studies of the contraction (also called constriction) mechanisms, besides carrying interesting science, are of practical importance, especially when contraction should be prevented. A set of time-dependent two-dimensional equations for the non-equilibrium weakly-ionized nitrogen/ air plasma is formulated. The process is described by a set of time-dependent continuity equations for the electrons, positive and negative ions; gas and vibrational temperature; by taking into account the convective heat and plasma losses by the transverse flux. Transition from the uniform to contracted state was analyzed. It was shown that such transition experiences a hysteresis, and that the critical current of the transition increases when the pressure (gas density) drops. Possible coexistence of the contracted and uniform state of the plasma in the discharge where the current flows along the density gradient of the background gas was discussed. In this talk the problems related to the dynamic contraction of the current channel inside a quasineutral positive column of a self-sustained glow discharge in molecular gas in a rectangular duct with convection cooling will be discussed. Study presented in this talk was stimulated by the fact that there are large number of experiments on the dynamic contraction of a glow discharge in nitrogen and air flows and a many of possible applications. Similar processes play a role in the powerful gas-discharge lasers. In addition, the problem of dynamic contraction in the large volume of non-equilibrium weakly ionized plasma is closely related to the problem of streamer to leader transitions in lightning and blue jets.

Cross-border trading and transmission networks. The natural gas experience

International Nuclear Information System (INIS)

Zavattoni, G.

1992-01-01

The volume and sources of gas imports to Europe and cross-border trading regulations for gas imports into and within Europe are outlined. The import of gas from Algeria to Italy is presented as a case study. It deals with the purchase contract, transmission through Tunisia, the crossing of the Strait of Sicily and transportation within Italy. The EC Transit Directive, the Draft Directive(s) on third party access and the impact of the directives on the gas market are then discussed. (UK)

New types of contracts. Part 2. The natural gas spot market. Many options, many constraints

International Nuclear Information System (INIS)

Van Gelder, J.W.

1999-01-01

In two articles, new types of contracts such as swaps, futures and spot contracts are surveyed. How far has the Dutch liberalised market developed in this field? This article focuses on the spot market for gas, whilst in the previous issue attention was paid to the electricity market. Bilateral spot contracts have been used in the Netherlands for years and years. The only gas exchange in Europe, the International Petroleum Exchange (IPE), was established in London, UK, at the end of 1994. This is a screen exchange, just like the APX (Amsterdam Power Exchange), where natural gas traders can enter into various types of contracts. An organised gas exchange has as yet not been established on the continent. The most suitable candidate is Zeebrugge in Belgium, where all the large players are represented. To do so, however, more transparency is required on the transmission market so that supply and demand can find each other quickly at standard conditions

48 CFR 32.114 - Unusual contract financing.

Science.gov (United States)

2010-10-01

... 48 Federal Acquisition Regulations System 1 2010-10-01 2010-10-01 false Unusual contract financing... CONTRACTING REQUIREMENTS CONTRACT FINANCING Non-Commercial Item Purchase Financing 32.114 Unusual contract financing. Any contract financing arrangement that deviates from this part is unusual contract financing...

PUC review of LDC gas purchasing practices and transportation agreements

International Nuclear Information System (INIS)

Lemon, R.

1992-01-01

The optimal paradigm for the PUC review of LDC purchasing and contracting starts with a regulatory paradigm that assigns risk upon the LDC. There are profits and risks in a market economy. Being exposed to risk causes firms to expend costs to minimize the risk, including lowering costs and altering input combinations. The transition within the industry implies greater need for planning, for optimization based on both economics and engineering, and less upon political directives. But the transition is far more encompassing than adding a new layer of regulatory oversight at the state level. States must revise their regulation to get out front - to give those incentives. The management audits will be internally profitable to the firms. If LDCs don't adjust, there will be other firms that will evaluate where poor management exists within this industry, and they will buy them out and lower the costs both for the profit they can obtain and to the betterment of ratepayers who experience lower rates. An a priori incentive process needs to govern PUC review of purchasing practices and transportation agreements. Lessons can be learned from the competitive market on how to structure this dynamic process which yields consumer benefits. This paper is organized as follows. First it identifies the forces which drive change - both historical bias and new options stemming from federal policy. Second, problems with 'improved' traditional regulatory review are discussed. Third, dimensions to an optimal PUC review process are set forth

[Barriers to the normalization of telemedicine in a healthcare system model based on purchasing of healthcare services using providers' contracts].

Science.gov (United States)

Roig, Francesc; Saigí, Francesc

2011-01-01

Despite the clear political will to promote telemedicine and the large number of initiatives, the incorporation of this modality in clinical practice remains limited. The objective of this study was to identify the barriers perceived by key professionals who actively participate in the design and implementation of telemedicine in a healthcare system model based on purchasing of healthcare services using providers' contracts. We performed a qualitative study based on data from semi-structured interviews with 17 key informants belonging to distinct Catalan health organizations. The barriers identified were grouped in four areas: technological, organizational, human and economic. The main barriers identified were changes in the healthcare model caused by telemedicine, problems with strategic alignment, resistance to change in the (re)definition of roles, responsibilities and new skills, and lack of a business model that incorporates telemedicine in the services portfolio to ensure its sustainability. In addition to suitable management of change and of the necessary strategic alignment, the definitive normalization of telemedicine in a mixed healthcare model based on purchasing of healthcare services using providers' contracts requires a clear and stable business model that incorporates this modality in the services portfolio and allows healthcare organizations to obtain reimbursement from the payer. 2010 SESPAS. Published by Elsevier Espana. All rights reserved.

Rising prices squeeze gas marketer

Energy Technology Data Exchange (ETDEWEB)

Lunan, D.

2000-06-19

Apollo Gas, a Toronto-based gas marketer, is considering options to enhance unit holder value, including sale of its 21,000 gas supply contracts, just weeks after it was forced out of the Alberta market by rising gas prices. Although the company had reported first quarter revenues of more than $15 million and earnings through that period of about $2.1 million, increases of 33 per cent and 38 per cent respectively over the same period in 1999, the company is resigned to the fact that such performance markers are not likely to be reached again in the foreseeable future, hence the decision to sell. About 95 per cent of Apollo's current transportation service volumes are matched to existing fixed-price supply contract which are due to expire in November 2000. After that, it is about 75 per cent matched for the balance of the term of its customer contracts (mostly five years). This means that the company is exposed to market prices that are likely to continue to increase. If this prediction holds true, Apollo would be forced to purchase the unhedged volumes of gas it needs to service its customers in the spot market at prices higher than prices the company is charging to its customers.

Rising prices squeeze gas marketer

International Nuclear Information System (INIS)

Lunan, D.

2000-01-01

Apollo Gas, a Toronto-based gas marketer, is considering options to enhance unit holder value, including sale of its 21,000 gas supply contracts, just weeks after it was forced out of the Alberta market by rising gas prices. Although the company had reported first quarter revenues of more than $15 million and earnings through that period of about $2.1 million, increases of 33 per cent and 38 per cent respectively over the same period in 1999, the company is resigned to the fact that such performance markers are not likely to be reached again in the foreseeable future, hence the decision to sell. About 95 per cent of Apollo's current transportation service volumes are matched to existing fixed-price supply contract which are due to expire in November 2000. After that, it is about 75 per cent matched for the balance of the term of its customer contracts (mostly five years). This means that the company is exposed to market prices that are likely to continue to increase. If this prediction holds true, Apollo would be forced to purchase the unhedged volumes of gas it needs to service its customers in the spot market at prices higher than prices the company is charging to its customers

Effectively utilizing NYMEX contracts for natural gas electricity futures

International Nuclear Information System (INIS)

Burke, L.M.

1996-01-01

NYMEX (New York Mercantile Exchange) is one of the United States' largest commodity exchanges. The primary role of commodity exchanges were summarized as well as the characteristics of an effective exchange. The concept of commoditization, price risk and price volatility were explained. The evolution of world and domestic regulated energy markets, the characteristics of the futures market, NYMEX electricity futures contract specifications, natural gas and crude futures contract development, and the nature of hedging were reviewed. Differences of risk management practices in cash markets and futures markets were illustrated. tabs., figs

75 FR 1541 - Purchasing of Property and Services

Science.gov (United States)

2010-01-12

... persons; and to develop further the basis for the Postal Service's purchasing decisions and the... decision process. The SDR Official will promptly provide a copy of a disagreement to the contracting... POSTAL SERVICE 39 CFR Part 601 Purchasing of Property and Services AGENCY: Postal Service TM...

48 CFR 432.113 - Customary contract financing.

Science.gov (United States)

2010-10-01

... financing. 432.113 Section 432.113 Federal Acquisition Regulations System DEPARTMENT OF AGRICULTURE GENERAL CONTRACTING REQUIREMENTS CONTRACT FINANCING Non-Commercial Item Purchase Financing 432.113 Customary contract financing. The contracting officer may determine the necessity for customary contract financing. The...

OIL AND GAS FUTURES AND OPTIONS MARKET

Directory of Open Access Journals (Sweden)

Ante Nosić

2017-01-01

Full Text Available Energy mineral resources markets are represented by complex supply and demand ratios which are depending on different factors such as technical (transport and geopolitical. The main specific of energy markets is represented by an uneven geographic distribution of hydrocarbon reserves and exploration on one hand and energy consumption on the other. World oil markets, although geographically localized, because of specific market trade, represent unique global market with decreasing price difference. Price differences are result of development of a transport possibilities of oil supply. Development of transport routes of natural gas and increasing number of liquefied natural gas terminals in the world give pressure to natural gas market and its integration into global gas market. Integration of regional gas markets into a common European gas market is main energy policy of EU concerning natural gas. On the other hand, there are still significant price differences on some markets (e.g. United States of America - South East Asia. Development of global energy markets is enabled by development of a futures and options contracts of an energy trade which have replaced bilateral contract deals between producers and consumers. Futures contracts are standardized contracts traded on exchanges. Buyer agrees to buy certain quantity of stock for an agreed upon price and with some future delivery date. Option is a contract which gives a buyer the option of the right to buy (or sell, depending on the option an asset at predetermined price and at a later date. Stocks price risk can be managed with the purchase and selling futures and options contracts. This paper deals with futures and options energy markets and their market strategies.

48 CFR 32.113 - Customary contract financing.

Science.gov (United States)

2010-10-01

... financing. 32.113 Section 32.113 Federal Acquisition Regulations System FEDERAL ACQUISITION REGULATION GENERAL CONTRACTING REQUIREMENTS CONTRACT FINANCING Non-Commercial Item Purchase Financing 32.113 Customary contract financing. The solicitation must specify the customary contract financing offerors may...

48 CFR 432.114 - Unusual contract financing.

Science.gov (United States)

2010-10-01

... 48 Federal Acquisition Regulations System 4 2010-10-01 2010-10-01 false Unusual contract financing... CONTRACTING REQUIREMENTS CONTRACT FINANCING Non-Commercial Item Purchase Financing 432.114 Unusual contract financing. The HCA is authorized to approve unusual contract financing. The signed determination and finding...

48 CFR 1332.114 - Unusual contract financing.

Science.gov (United States)

2010-10-01

... 48 Federal Acquisition Regulations System 5 2010-10-01 2010-10-01 false Unusual contract financing... CONTRACTING REQUIREMENTS CONTRACT FINANCING Non-Commercial Item Purchase Financing 1332.114 Unusual contract financing. The designee authorized to approve unusual contract financing arrangements is set forth in CAM...

Concept of contracting authority

OpenAIRE

Kasiliauskaitė, Vitalija

2016-01-01

Concept of Contracting Authority Law on Public Procurement the procurement concept implies the conclusion that public procurement be declared only such purchases are carried out by the contracting authority. The contracting authorities can be a subject of state and municipal management institutes, whose assignment authority is determined by a functional approach. Also, contracting authorities may be public and legal entities, but that the public interest and operates non-commercial activities...

Take-or-pay contract robustness: A three step story told by the Brazil-Bolivia gas case?

International Nuclear Information System (INIS)

Glachant, Jean-Michel; Hallack, Michelle

2009-01-01

Neo-institutional economics (NEI) has long shown that take-or-pay (ToP) long-term contracts provide a robust framework for safeguarding the interests of both upstream and downstream parties in the gas industry. The case of gas trade between Brazil and Bolivia presents an opportunity to re-examine empirically and to review the robust nature of the ToP framework over time. This case reveals that the positions of the contractors actually change giving rise to a veritable lifecycle of the contractual arrangement. Such a contract can be seen to span three successive phases. The first phase of the contract cycle begins when it is signed; allowing the investments to begin. The second phase starts when investments have been completed and the actual trade in gas begins. The third phase of the contract cycle comes when the increasing flow of gas comes close to saturating capacity and the volume levels for downstream market volume have been reached. These three contract phases are thus distinguished by how robust the alignment of the parties' interests is. The added value of the paper is then both empirical and analytical: the case study provides a brand new lifecycle analysis of the performance of ToP long-term contracting into an NEI framework

48 CFR 32.104 - Providing contract financing.

Science.gov (United States)

2010-10-01

... financing. 32.104 Section 32.104 Federal Acquisition Regulations System FEDERAL ACQUISITION REGULATION GENERAL CONTRACTING REQUIREMENTS CONTRACT FINANCING Non-Commercial Item Purchase Financing 32.104 Providing contract financing. (a) Prudent contract financing can be a useful working tool in Government...

Bonneville Purchasing Instructions. Appendix 14A, Contracting Officer`s Technical Representatives` Guide for Services Contracts.

Energy Technology Data Exchange (ETDEWEB)

United States. Bonneville Power Administration.

1993-07-01

This guide outlines the duties of BPA personnel designated as Contracting Officers Technical Representatives (COTRs). The BPA Administrator gives contracting officers (COs) in BPA responsibility and authority for awarding and administering contracts. COs are authorized to designate other BPA employees to act as their representatives for purposes of contract administration, from the time of contract award until final receipt and acceptance of the contracted services. COTRs are the individuals primarily relied upon to perform technical contract administration functions. Similar functions for supply and construction contracts are performed by engineering representatives, construction inspectors, and inspectors. Although this Guide is written primarily with the COTR in mind, the concept and operation of teamwork is essential throughout the entire process of contract administration. The CO administers the contract during performance, but rarely has expertise in all of the relevant technical areas. Therefore, CO decisions rely on input from a team. The COTR is an indispensable member of that team. The instructions in this Guide are designed to facilitate this essential CO-COTR cooperation. COTR duties are usually additional to those required of the COTR in his or her assigned line organization. The COTR is still accountable to the line supervisor for performance of regularly-assigned duties. These duties are to be reflected appropriately in performance appraisals and job descriptions. For contract administration duties, however, the COTR reports directly to, and is accountable only to, the CO. The COTR`s supervisor must allow sufficient time to ensure that the COTR can adequately monitor the contract for technical compliance. This Guide is designed for COTRs who are performing service contract (including intergovernmental contract) administration functions as an adjunct to their normal technical duties.

48 CFR 17.204 - Contracts.

Science.gov (United States)

2010-10-01

.... (f) Contracts may express options for increased quantities of supplies or services in terms of (1... identified as the option. (g) Contracts may express extensions of the term of the contract as an amended... on the purchase of additional supplies or services, or the overall duration of the term of the...

FY 2006 DoD Purchases Made Through the National Institutes of Health

National Research Council Canada - National Science Library

Jolliffe, Richard B; Burton, Bruce A; McKinney, Terry L; Seger, John A; Faller, Phillip M; Goodykoontz, David P; Principe, Jennifer M; Biggs, Courtney V; Kohut, Jonathan; McIsaac, Marcie A

2007-01-01

...) Electronic Commodities Store III (ECS III) contracts or NIH contracting personnel made purchases on behalf of DoD using the NIH Chief Information Officer-Solutions and Partners 2 Innovations (CIO-SP2i) contracts...

48 CFR 632.114 - Unusual contract financing.

Science.gov (United States)

2010-10-01

... 48 Federal Acquisition Regulations System 4 2010-10-01 2010-10-01 false Unusual contract financing. 632.114 Section 632.114 Federal Acquisition Regulations System DEPARTMENT OF STATE GENERAL CONTRACTING REQUIREMENTS CONTRACT FINANCING Non-Commercial Item Purchase Financing 632.114 Unusual contract financing. The...

48 CFR 2432.114 - Unusual contract financing.

Science.gov (United States)

2010-10-01

... 48 Federal Acquisition Regulations System 6 2010-10-01 2010-10-01 true Unusual contract financing... DEVELOPMENT GENERAL CONTRACTING REQUIREMENTS CONTRACT FINANCING Non-Commercial Item Purchase Financing 2432.114 Unusual contract financing. The Senior Procurement Executive is the agency head for the purpose of...

36 CFR 223.62 - Timber purchaser road construction credit.

Science.gov (United States)

2010-07-01

... § 223.62 Timber purchaser road construction credit. Appraisal may also establish stumpage value as if... timber is appraised and sold on such basis, purchaser credit for road construction, not to exceed the estimated construction cost of such roads or other developments specified in the timber sale contract, shall...

Uranium purchases report 1993

International Nuclear Information System (INIS)

1994-01-01

Data reported by domestic nuclear utility companies in their responses to the 1991 through 1993 ''Uranium Industry Annual Survey,'' Form EIA-858, Schedule B,'' Uranium Marketing Activities,'' are provided in response to the requirements in the Energy Policy Act 1992. Appendix A contains an explanation of Form EIA-858 survey methodologies with emphasis on the processing of Schedule B data. Additional information published in this report not included in Uranium Purchases Report 1992, includes a new data table. Presented in Table 1 are US utility purchases of uranium and enrichment services by origin country. Also, this report contains additional purchase information covering average price and contract duration. Table 2 is an update of Table 1 and Table 3 is an update of Table 2 from the previous year's report. The report contains a glossary of terms

GasFair/PowerFair/EnergyUser '98 : Presentations

International Nuclear Information System (INIS)

1998-01-01

Papers presented at three conferences, reviewing recent activities in the natural gas and electric power industries and matters of concern to energy consumers in North America are contained on this single CD-ROM. Seven presentations relate to the natural gas industry, nine to electric power generation and transmission, and ten to a wide range of topics dealing with various concerns relating to the environment, financial and cost management aspects of energy utilization. Speakers at the GasFair sessions discussed recent developments in natural gas supply, marketing, purchasing, risk management and the impact of energy convergence on natural gas. Presentations at the PowerFair segment dealt with issues in electricity deregulation, supply and financing, purchasing and marketing. Issues discussed at the EnergyUser sessions included presentations dealing with ways to save costs with energy technology and integrated services, environmental performance contracting and engineering and energy cost control. The CD-ROM also contains the summary of a round table discussion and five individual presentations made at the Natural Gas Pipeline Forum. This pre-conference institute dealt with the likely effects of new pipelines and pipeline extensions on North American natural gas consumers. . tabs., figs

Proceedings of the 1999 natural gas lookout and strategies forum : Price and supply outlook, trading and purchasing strategies

International Nuclear Information System (INIS)

Anon.

1998-01-01

A total of 17 papers were presented at this conference, all of them devoted to a discussion of marketing strategies and price and supply outlook within the natural gas industry in North America. The presentations provided a practical and analytical look at where natural gas prices were heading. They also described winning trading and purchasing strategies. The challenges posed by the deregulation and the expected competition in the natural gas industry in North America also received much attention. tabs., figs

Natural gas imports and exports: First quarter report 1995

Energy Technology Data Exchange (ETDEWEB)

NONE

1995-07-01

The Office of Fuels Programs prepares quarterly reports summarizing the data provided by companies authorized to import or export natural gas. Companies are required, as a condition of their authorizations, to file quarterly reports with the OFP. This quarter`s focus is market penetration of gas imports into New England. Attachments show the following: % takes to maximum firm contract levels and weighted average per unit price for the long-term importers, volumes and prices of gas purchased by long-term importers and exporters, volumes and prices for gas imported on short-term or spot market basis, and gas exported short-term to Canada and Mexico.

Natural gas imports and exports, first quarter report 2000

Energy Technology Data Exchange (ETDEWEB)

None

2000-06-01

The Office of Natural Gas and Petroleum Import and Export Activities prepares quarterly reports showing natural gas import and export activity. Companies are required to file quarterly reports. Attachments show the percentage of takes to maximum firm contract levels and the weighted average per unit price for each of the long-term importers during the 5 most recent reporting quarters, volumes and prices of gas purchased by long-term importers and exporters during the past 12 months, volume and price data for gas imported on a short-term or spot market basis, and the gas exported on a short-term or spot market basis to Canada and Mexico.

Natural gas imports and exports, third quarter report 2000

Energy Technology Data Exchange (ETDEWEB)

None

2000-12-01

The Office of Natural Gas and Petroleum Import and Export Activities prepares quarterly reports showing natural gas import and export activity. Companies are required to file quarterly reports. Attachments show the percentage of takes to maximum firm contract levels and the weighted average per unit price for each of the long-term importers during the 5 most recent quarters, volumes and prices of gas purchased by long-term importers and exporters during the past 12 months, volume and price data for gas imported on a short-term or spot market basis, and the gas exported on a short-term or spot market basis to Canada and Mexico.

Natural gas imports and exports, fourth quarter report 1999

International Nuclear Information System (INIS)

None

2000-01-01

The Office of Natural Gas and Petroleum Import and Export Activities prepares quarterly reports showing natural gas import and export activity. Companies are required to file quarterly reports. Attachments show the percentage of takes to maximum firm contract levels and the weighted average per unit price for each of the long-term importers during the five most recent quarters, volumes and prices of gas purchased by long-term importers and exporters during the past 12 months, volume and price data for gas imported on a short-term or spot market basis, and the gas exported on a short-term or spot market basis to Canada and Mexico

Natural gas imports and exports, fourth quarter report 1999

Energy Technology Data Exchange (ETDEWEB)

None

2000-03-01

The Office of Natural Gas and Petroleum Import and Export Activities prepares quarterly reports showing natural gas import and export activity. Companies are required to file quarterly reports. Attachments show the percentage of takes to maximum firm contract levels and the weighted average per unit price for each of the long-term importers during the five most recent quarters, volumes and prices of gas purchased by long-term importers and exporters during the past 12 months, volume and price data for gas imported on a short-term or spot market basis, and the gas exported on a short-term or spot market basis to Canada and Mexico.

Natural gas imports and exports, third quarter report 2000

International Nuclear Information System (INIS)

None

2000-01-01

The Office of Natural Gas and Petroleum Import and Export Activities prepares quarterly reports showing natural gas import and export activity. Companies are required to file quarterly reports. Attachments show the percentage of takes to maximum firm contract levels and the weighted average per unit price for each of the long-term importers during the 5 most recent quarters, volumes and prices of gas purchased by long-term importers and exporters during the past 12 months, volume and price data for gas imported on a short-term or spot market basis, and the gas exported on a short-term or spot market basis to Canada and Mexico

48 CFR 32.105 - Uses of contract financing.

Science.gov (United States)

2010-10-01

... 48 Federal Acquisition Regulations System 1 2010-10-01 2010-10-01 false Uses of contract financing... CONTRACTING REQUIREMENTS CONTRACT FINANCING Non-Commercial Item Purchase Financing 32.105 Uses of contract financing. (a) Contract financing methods covered in this part are intended to be self-liquidating through...

48 CFR 2832.114 - Unusual contract financing.

Science.gov (United States)

2010-10-01

... 48 Federal Acquisition Regulations System 6 2010-10-01 2010-10-01 true Unusual contract financing... Contracting Requirements CONTRACT FINANCING Non-Commercial Item Purchase Financing 2832.114 Unusual contract financing. The HCA, or designee at a level not lower than the BPC, is the official authorized to approve...

British Columbia natural gas: Core market policy

International Nuclear Information System (INIS)

1988-06-01

The core market for natural gas in British Columbia is defined as all natural gas consumers in the residential, institutional, commercial, and industrial sectors not currently purchasing natural gas directly and not exempted from the core market by the British Columbia Utilities Commission (BCUC). The intent of the definition is to include all customers who must be protected by contracts which ensure long-term security of supply and stable prices. Core market customers are excluded from direct natural gas purchase and will be served by distribution utilities. A customer may apply to BCUC to leave the core market; such an application may be approved if it is demonstrated that the customer has adequate long-term natural gas supplies or alternative fuel supplies to protect him from supply interruptions. The non-core market is defined as all large industrial customers who elect to make their own natural gas supply arrangements and who can demonstrate to the BCUC sufficient long-term natural gas supply protection or alternative fuel capability to ensure security of the industry. Non-core market customers have full and open access to the competitive natural gas market. The British Columbia government will not apply its core market policy to other jurisdictions through Energy Removal Certificates

US gas line contract carriage on the rise

International Nuclear Information System (INIS)

Anon.

1992-01-01

This paper reports that the Interstate Natural Gas Association of America reports contract carriage moved 84% of the gas delivered to U.S. markets in 1991, up from 79% the previous year. Carriage for market transportation for distributors, end users, and marketers totaled 15.2 quadrillion BTU, a 13% increase from the 13.4 quads reported at the end of 1990. Ingaa the growth in carriage volumes has slowed. This year's 13% increase is lower than the 28% growth in carriage volumes from 1988 to 1989 and the 72% from 1986 to 1987. Total natural gas delivered to market was 18 quads in 1991, an increase of 5% from the 1990 level of 17.1 quads. Pipeline sales accounted for only 16% of the gas delivered to market in 1991. They dropped 0.8 quads, or 22%, from 1990 levels. Ingaa the while the market relies heavily on carriage throughout the year, reliance on carriage is somewhat heavier as has been the case since 1986 during the off peak season in April-September

48 CFR 32.203 - Determining contract financing terms.

Science.gov (United States)

2010-10-01

... financing terms. 32.203 Section 32.203 Federal Acquisition Regulations System FEDERAL ACQUISITION REGULATION GENERAL CONTRACTING REQUIREMENTS CONTRACT FINANCING Commercial Item Purchase Financing 32.203 Determining contract financing terms. When the criteria in 32.202-1(b) are met, the contracting officer may either...

Proposal for the award of a blanket purchase contract for the design, supply, installation and maintenance of automatic fire-detection, fire-protection and voice-alarm systems for the Super Proton Synchrotron

CERN Document Server

2017-01-01

Proposal for the award of a blanket purchase contract for the design, supply, installation and maintenance of automatic fire-detection, fire-protection and voice-alarm systems for the Super Proton Synchrotron

Contracting for Public Services

DEFF Research Database (Denmark)

Greve, Carsten

strategic purchasing understanding markets communicating the contracting decision designing and drafting the contract the role of the consumer the regulation of service provision Illustrated throughout with practitioner case-studies from a range of OECD countries, this book presents an important new......Insightful and comprehensive and covering new subjects like globalization and IT, this text, international in its approach, provides a thorough introduction to the key phases of the contracting process and the skills required by managers in its implementation. These include: policy for contracting...

Proceedings of the 11. annual North American natural gas and electricity market conference and trade show : GasFair power 2002. CD-Rom ed.

International Nuclear Information System (INIS)

2002-01-01

The electricity market is undergoing changes, from deregulation to competition and convergence. This conference provided an opportunity for North American natural gas and electricity industries representatives and stake holders to share their views concerning the many challenges, issues and opportunities in this field. Emerging market developments, issues and strategies are some of the topics discussed during this conference and trade show. The organizers placed emphasis on energy purchasers and managers, and the opportunities facing them for the improvement of their company's financial health by means of savings on natural gas costs and electricity purchases. In addition, there are several opportunities for improved energy efficiency and technologies and integrated energy and risk management programs which were all discussed. The economic challenges and opportunities arising from the supply, demand, marketing and pricing for gas and power products and services facing energy marketers, traders, producers, utilities and transporters were addressed. A detailed and practical examination of ways by which energy consumers can address issues of volatile gas and power prices was provided. Effective, cost saving purchasing options and risk management strategies and tools, contracting, outsourcing, aggregating and cost-effective energy management programs were also explored. In all, approximately 900 delegates attended the conference and trade show from all across Canada and the United States. refs., tabs., figs

48 CFR 1332.1108 - Payment by Governmentwide commercial purchase card.

Science.gov (United States)

2010-10-01

... 48 Federal Acquisition Regulations System 5 2010-10-01 2010-10-01 false Payment by Governmentwide commercial purchase card. 1332.1108 Section 1332.1108 Federal Acquisition Regulations System DEPARTMENT OF COMMERCE GENERAL CONTRACTING REQUIREMENTS CONTRACT FINANCING Electronic Funds Transfer 1332.1108 Payment by...

Initial Northwest Power Act Power Sales Contracts : Final Environmental Impact Statement. Volume 3, Appendix M, Contract Copies.

Energy Technology Data Exchange (ETDEWEB)

United States. Bonneville Power Administration.

1992-01-01

This report, is part of the final environmental impact statement of the Bonneville Power Administration, consists of an appendix of contract copies related to the following: Detailed Index to Generic Utility Power Sales Contracts, Text of Generic Utility Contract, Detailed Index to Generic DSI Power Sales Contracts, Text of Generic DSI Contract, Text of Residential Purchase and Sale Agreement (Residential Exchange), and Detailed Index to General Contract Provisions -- GCP Form PSC-2 (Incorporated into all three types of contracts as an Exhibit).

The purchase of natural gas using a smart card. Energy company and customer sometimes better off with prepayment

International Nuclear Information System (INIS)

Meijerink, R.; Meyer, G.E.

1997-01-01

In particular in an open market prepayment systems offer advantages for small-scale and large-scale consumers and energy utilities. The use of prepayment systems makes invoices superfluous and defaulters do not have to disconnected. By means of a smart card it is simple to register who made the purchase and to whom gas is supplied. The Dutch natural gas research institute Gastec plans a project to test the safety of prepayment systems

41 CFR 109-26.501 - Purchase of new motor vehicles.

Science.gov (United States)

2010-07-01

... 41 Public Contracts and Property Management 3 2010-07-01 2010-07-01 false Purchase of new motor vehicles. 109-26.501 Section 109-26.501 Public Contracts and Property Management Federal Property Management Regulations System (Continued) DEPARTMENT OF ENERGY PROPERTY MANAGEMENT REGULATIONS SUPPLY AND...

41 CFR 101-26.501 - Purchase of new motor vehicles.

Science.gov (United States)

2010-07-01

... 41 Public Contracts and Property Management 2 2010-07-01 2010-07-01 true Purchase of new motor vehicles. 101-26.501 Section 101-26.501 Public Contracts and Property Management Federal Property Management Regulations System FEDERAL PROPERTY MANAGEMENT REGULATIONS SUPPLY AND PROCUREMENT 26-PROCUREMENT...

Impact of power purchases from non-utilities on the utility cost of capital

International Nuclear Information System (INIS)

Kahn, E.; Stoft, S.; Belden, T.

1995-01-01

The bond rating agencies in the USA have asserted that long-term power purchase contracts between non-utility generators and utilities are the equivalent of debt to the utilities, and therefore raise the cost of capital to the purchaser. Non-Utility generators claim that these contracts reduce risk to the utilities. This debate is reflected in the 1992 Energy Policy Act. This paper investigates this controversy from the perspective of the equity markets. Using a CAPM framework, various specifications of the cost of equity capital are estimated, to shed light on this question. No evidence is found for the hypothesis that non-utility generation contracts raise the cost of capital. There does appear to be a slight increase in this cost for those utilities seeking to build their own generation capacity as opposed to purchasing it from non-utility suppliers. (author)

41 CFR 101-26.4904-416 - DD Form 416: Purchase Request for Coal, Coke, or Briquettes.

Science.gov (United States)

2010-07-01

... 41 Public Contracts and Property Management 2 2010-07-01 2010-07-01 true DD Form 416: Purchase Request for Coal, Coke, or Briquettes. 101-26.4904-416 Section 101-26.4904-416 Public Contracts and... DD Form 416: Purchase Request for Coal, Coke, or Briquettes. Note: The form illustrated in § 101-26...

An empirical study on key factors for purchasing strategy on project based organizations: A case study of gas field development projects

Directory of Open Access Journals (Sweden)

Aboulfazl Kazazi

2012-08-01

Full Text Available One of the primary concerns in development of oil and gas resources is to find the critical success factors associated with different important projects. Purchasing and procurement plays a key role in these projects. There is no doubt that in history of similar studies, there are not much studies to determine key factors. The proposed study of this paper presents an empirical study to find these factors in one of the most important gas filed in Iran is now South Pars Gas Field. The study distributes a questionnaire consists of various questions associated with purchasing activities. We investigate the feedbacks gathered from decision makers using factor analysis. The results of our survey reveal that there are three categories of organizational strategy, the relative importance of strategy and risk according to factor analysis. Each factor consists of many other factors and the relative importance of all factors are investigated.

The value of group purchasing organizations in the United States.

Science.gov (United States)

Rooney, Curtis

2011-01-01

This article examines the valuable role of group purchasing organizations (GPOs) in hospital purchasing in the United States. For over 100 years old GPOs have helped hospitals and other health care providers realize savings and create contracting efficiencies by aggregating purchasing volume to negotiate discounts with manufacturers, distributors and other vendors. The US has recently enacted a series of healthcare reforms to correct some of the historical concerns regarding cost, quality and access. GPOs are expected to continue to play a critical role in the business of hospital purchasing and may potential export that other countries may wish to examine.

48 CFR 32.103 - Progress payments under construction contracts.

Science.gov (United States)

2010-10-01

... REGULATION GENERAL CONTRACTING REQUIREMENTS CONTRACT FINANCING Non-Commercial Item Purchase Financing 32.103... to be withheld shall be made by the contracting officer on a case-by-case basis. Such decisions will... other factors. Upon completion of all contract requirements, retained amounts shall be paid promptly...

Renegotiating ethane contracts from producer/processor perspectives

International Nuclear Information System (INIS)

Hawkins, D. J.

1997-01-01

An overview of commercial practices relating to ethane sup ply and other collateral issues, including the variety of technologies used in the recovery of ethane and the manufacture of ethylene was provided. Ethane supply and demand balances, the Alberta ethane supply, the justifications for ethane recovery, the need for renegotiating ethane contracts in view of the changing Alberta market, the major price components , producers and processors' objectives in ethane sales, the nature of ethane contracts, and ethane pricing mechanisms were reviewed. The 'Alberta Advantage' based on gas price, large-scale ethane recovery, proximity to the largest market in the world, efficient transportation and fractionation facilities, further enhanced by deregulation and reduced regulatory barriers, was described. It was suggested that the enhanced competition and increase in market diversity demands a transparency in pricing that may well be realized as additional players enter the petrochemical business, and as competing transportation, processing and fractionation options become available to ethane suppliers and purchasers.1 tab

Model of contract of purchase of the electric power produced by cogeneration facilities and benefiting from the electricity purchase obligation. Established after enforcement of the article 5 of the decree from May 10, 2001 and approved by the minister attended to energy; Modele de contrat d'achat de l'energie electrique produite par les installations de cogeneration et beneficiant de l'obligation d'achat d'electricite. Etablie en application de l'article 5 du decret du 10 mai 2001 et approuve par le Ministre charge de l'electricite

Energy Technology Data Exchange (ETDEWEB)

NONE

2001-07-01

This model of contract comprises 3 parts. The first part describes the general conditions of electric power purchase: aim of the contract, connection to the grid and delivery point, producer's facility, reciprocal commitments and stoppages for maintenance purpose, energy and power metering and control, tariffing periods and energy delivery, payment for the purchased power (tariffs, energy efficiency incentives, conditions, controls, tariffs indexing), taxes, payments, contract enforcement, date line, suspension, modification or cancellation, conciliation in case of dispute. A recall of the tariffs mentioned in the by-law from July 31, 2001, of the approximation rules and a model of certificate are given in appendixes. The second part gives some complements to the general conditions (purchaser and producer corporate, characteristics of the facility, details about the connection and delivery point, description of the metering system, tariffs of purchase and indexing, payment of bills, contract characteristics, subscription for a power supply contract). The third part is an additional clause concerning the operation and tariffs of purchase when the cogeneration facility is in a dispatch mode. (J.S.)

Value of an option to purchase electric power. The case of uncertain consumption

International Nuclear Information System (INIS)

Bhanot, Karan

2002-01-01

Large manufacturers and corporations often purchase options on power to protect themselves against unanticipated price increases. This paper analyzes the impact of uncertainty in power consumption by a corporation on the value of an option to purchase electric power. Because there is no economically viable method to store power, these options are exercised to satisfy immediate consumption needs only. The amount exercised may differ from the maximum amount contracted, which in turn alters the payoffs that accrue to the option contract. We apply a Monte Carlo methodology to show that 'consumption uncertainty' may substantively lower the price of an option contract under different conditions

48 CFR 232.102 - Description of contract financing methods.

Science.gov (United States)

2010-10-01

... financing methods. 232.102 Section 232.102 Federal Acquisition Regulations System DEFENSE ACQUISITION REGULATIONS SYSTEM, DEPARTMENT OF DEFENSE GENERAL CONTRACTING REQUIREMENTS CONTRACT FINANCING Non-Commercial Item Purchase Financing 232.102 Description of contract financing methods. (e)(2) Progress payments...

SOHIO (Standard Oil Co. , Ohio) to sell Prudhoe gas to Northern Natural Gas Co

Energy Technology Data Exchange (ETDEWEB)

1979-08-20

Sohio has agreed to sell Vertical Bar3: 2 trillion cu ft of its Prudhoe Bay gas to Northern Natural Gas Co. for delivery at a rate of 170 million cu ft/day when the proposed Alaska Highway gas pipeline is completed. With the exception of approx. 4 trillion cu ft of Sohio's reserves committed to Columbia Gas System Inc., the agreement accounts for the sale of all the 26.5-27 trillion cu ft of Prudhoe Bay reserves. The contract, which is subject to approval of the U.S. Federal Energy Regulatory Commission, allows Alaska to take its one-eighth royalty share of the gas in kind or cash. Columbia Gas is the only firm planning to purchase Prudhoe Bay gas that is not participating as an equity owner in the pipeline project. According to a Columbia spokesman, it is still uncertain whether the proposed gas pipeline will be built; and the fact that Columbia has not yet signed a final agreement with Sohio does not indicate any decreasing interest in Prudhoe Bay gas.

Committing to coal and gas: Long-term contracts, regulation, and fuel switching in power generation

Science.gov (United States)

Rice, Michael

Fuel switching in the electricity sector has important economic and environmental consequences. In the United States, the increased supply of gas during the last decade has led to substantial switching in the short term. Fuel switching is constrained, however, by the existing infrastructure. The power generation infrastructure, in turn, represents commitments to specific sources of energy over the long term. This dissertation explores fuel contracts as the link between short-term price response and long-term plant investments. Contracting choices enable power plant investments that are relationship-specific, often regulated, and face uncertainty. Many power plants are subject to both hold-up in investment and cost-of-service regulation. I find that capital bias is robust when considering either irreversibility or hold-up due to the uncertain arrival of an outside option. For sunk capital, the rental rate is inappropriate for determining capital bias. Instead, capital bias depends on the regulated rate of return, discount rate, and depreciation schedule. If policies such as emissions regulations increase fuel-switching flexibility, this can lead to capital bias. Cost-of-service regulation can shorten the duration of a long-term contract. From the firm's perspective, the existing literature provides limited guidance when bargaining and writing contracts for fuel procurement. I develop a stochastic programming framework to optimize long-term contracting decisions under both endogenous and exogenous sources of hold-up risk. These typically include policy changes, price shocks, availability of fuel, and volatility in derived demand. For price risks, the optimal contract duration is the moment when the expected benefits of the contract are just outweighed by the expected opportunity costs of remaining in the contract. I prove that imposing early renegotiation costs decreases contract duration. Finally, I provide an empirical approach to show how coal contracts can limit

24 CFR 1715.4 - Contract requirements and revocation.

Science.gov (United States)

2010-04-01

... breach of contract. (b) For the purposes of this section: Damages incurred by the seller or lessor means... 24 Housing and Urban Development 5 2010-04-01 2010-04-01 false Contract requirements and..., SALES PRACTICES AND STANDARDS Purchasers' Revocation Rights § 1715.4 Contract requirements and...

Model of contract of purchase of the electric power produced by methanation, and benefiting from the electricity purchase obligation. Established after enforcement of the article 5 of the decree from May 10, 2001 and approved by the minister attended to electric power; Modele de contrat d'achat de l'energie electrique produite par methanisation, et beneficiant de l'obligation d'achat d'electricite. Etablie en application de l'article 5 du decret du 10 mai 2001 et approuve par le Ministre charge de l'electricite

Energy Technology Data Exchange (ETDEWEB)

NONE

2001-07-01

This model of contract comprises 2 parts. The first part describes the general conditions of electric power purchase: aim of the contract, connection to the grid and delivery point, producer's facility, reciprocal commitments and stoppages for maintenance purpose, energy and power metering and control, energy delivery, payment for the purchased power (tariffs, energy efficiency incentives, conditions, control, tariffs indexing), taxes, payments, contract enforcement, date line, suspension, modification or cancellation, conciliation in case of dispute. A recall of the tariffs mentioned in the by-law from April 16, 2002, of the approximation rules and some models of certificates are given in appendixes. The second part gives some complements to the general conditions (purchaser and producer corporate, characteristics of the facility, details about the connection and delivery point, description of the metering system, tariffs of purchase and indexing, payment of bills, contract characteristics, subscription for a power supply contract). (J.S.)

75 FR 16641 - Swine Contract Library

Science.gov (United States)

2010-04-02

...-AB06 Swine Contract Library AGENCY: Grain Inspection, Packers and Stockyards Administration, USDA... Library (SCL). The statutory authority for the library lapsed on September 30, 2005. On October 5, 2006... maintenance of a library of marketing contracts offered by certain packers to producers for the purchase of...

Natural gas imports and exports. First quarter report 1997

Energy Technology Data Exchange (ETDEWEB)

NONE

1997-09-01

The Office of Natural Gas and Petroleum Import and Export Activities prepares quarterly reports summarizing the data provided by companies authorized to import or export natural gas. Attachment A shows the percentage of takes to maximum firm contract levels and the weighted average per unit price for each of the long-term importers during the five most recent reporting quarters. Attachment B shows volumes and prices of gas purchased by long-term importers and exporters during the past 12 months. Attachment C shows volume and price information pertaining to gas imported on a short-term or spot market basis. Attachment D shows the gas exported on a short-term or spot market basis to Canada and Mexico. 14 figs., 9 tabs.

Natural gas market assessment. Canadian natural gas market mechanisms: Recent experiences and developments

International Nuclear Information System (INIS)

1993-11-01

The increase in natural gas demand and the associated expansions of most of the pipeline systems serving western Canada have reduced the excess deliverability or excess productive capacity that existed at the time of deregulation of the natural gas industry in 1985. Based on an industry survey, the responses of natural gas buyers and sellers to recent supply difficulties are described. Specific production, transportation, and contractual difficulties were encountered in winter 1992/93 as production was stretched to meet record levels of demand during periods of very cold temperatures and as short-term spot prices reached very high levels. Problems at this time included wellhead freezeups, pipeline outages, and inadequate contract terms and conditions. Methods used to maintain gas flows to end users are reviewed, including a discussion of force majeure, spot gas purchases, storage, supply curtailment, and special loan arrangements. In 1992/93, in most instances where the responsibility fell on the end-user to solve the supply problem, the difficulty was shifted to local distribution companies who have traditionally had more experience with such situations. No cases were identified where either a firm or interruptible end-user was forced to curtail gas consumption because of inadequate supply. New market mechanisms are emerging that will enable buyers and sellers of western Canadian gas to avoid many of the problems encountered in 1992/93. These include prearranged backstopping arrangements, short-term spot markets, access to other gas basins, standardized gas contracts, electronic trading, and price risk management tools. 11 figs

THE NEW PURCHASING SERVICE PAGE NOW ON THE WEB!

CERN Multimedia

SPL Division

2000-01-01

Users of CERN's Purchasing Service are encouraged to visit the new Purchasing Service web page, accessible from the CERN homepage or directly at: http://spl-purchasing.web.cern.ch/spl-purchasing/ There, you will find answers to questions such as: Who are the buyers? What do I need to know before creating a DAI? How many offers do I need? Where shall I send the offer I received? I know the amount of my future requirement, how do I proceed? How are contracts adjudicated at CERN? Which exhibitions and visits of Member State companies are foreseen in the future? A company I know is interested in making a presentation at CERN, who should they contact? Additionally, you will find information concerning: The Purchasing procedures Market Surveys and Invitations to Tender The Industrial Liaison Officers appointed in each Member State The Purchasing Broker at CERN

48 CFR 1432.102 - Description of contract financing methods.

Science.gov (United States)

2010-10-01

... financing methods. 1432.102 Section 1432.102 Federal Acquisition Regulations System DEPARTMENT OF THE INTERIOR GENERAL CONTRACTING REQUIREMENTS CONTRACT FINANCING Non-Commercial Item Purchase Financing 1432.102 Description of contract financing methods. Use of progress payments based on a percentage or stage...

48 CFR 932.102 - Description of contract financing methods.

Science.gov (United States)

2010-10-01

... financing methods. 932.102 Section 932.102 Federal Acquisition Regulations System DEPARTMENT OF ENERGY GENERAL CONTRACTING REQUIREMENTS CONTRACT FINANCING Non-Commercial Item Purchase Financing 932.102 Description of contract financing methods. (e)(2) Progress payments based on a percentage or stage of...

48 CFR 432.102 - Description of contract financing methods.

Science.gov (United States)

2010-10-01

... financing methods. 432.102 Section 432.102 Federal Acquisition Regulations System DEPARTMENT OF AGRICULTURE GENERAL CONTRACTING REQUIREMENTS CONTRACT FINANCING Non-Commercial Item Purchase Financing 432.102 Description of contract financing methods. Progress payments based on a percentage or stage of completion are...

48 CFR 32.102 - Description of contract financing methods.

Science.gov (United States)

2010-10-01

... financing methods. 32.102 Section 32.102 Federal Acquisition Regulations System FEDERAL ACQUISITION REGULATION GENERAL CONTRACTING REQUIREMENTS CONTRACT FINANCING Non-Commercial Item Purchase Financing 32.102 Description of contract financing methods. (a) Advance payments are advances of money by the Government to a...

Contracting for health services in New Zealand: a transaction cost analysis.

Science.gov (United States)

Ashton, T

1998-02-01

The splitting of the functions of purchaser and provider in the New Zealand health system in 1993 necessitated the use of explicit contracts between the two parties. This paper examines contracting experiences during the first two years of operation. The study focuses on four services: rest homes, primary care clinics, surgical services, and acute mental health services. The insights of transaction cost economics form the theoretical framework. The objective of this study was to examine whether the transaction costs associated with contracting vary across the four different services, and whether different types of contracts and contractual relationships are emerging as transactors attempt to reduce these costs. Information was collected in a series of 53 interviews with purchasers and providers, together with any relevant documentation. The results suggest that the costs of contracting are indeed greater for some services than for others. Other variables such as the style of negotiations, the type and specificity of contracts and the degree of monitoring also differ across the four services. At this early stage of the reform process, there was little evidence that purchasers and providers were attempting to reduce transaction costs by negotiating more flexible, longer-term, relational contracts. The main benefit from contracting to date has been improved accountability of service providers.

Contracts and supply assurance in the UK health care market.

Science.gov (United States)

Fenn, P; Rickman, N; McGuire, A

1994-07-01

We present a formal model of the relationship between a health care purchaser and a provider drawing on the recent experience of explicit contracting in the UK health sector. Specifically we model the contractual relationships emerging between District Health Authorities, who are presently the dominant health care purchasers, and the providers of hospital care. The comparative static analysis implies that the transaction cost of using non-local hospitals, the expected patient demand, the extent of excess capacity in local hospitals, and the proportion of that excess capacity expected to be lost to competitive purchasers, are all important determinants of the choice of contract.

Re-Engineering the Naval Postgraduate School's Purchase Card Accounting Process

National Research Council Canada - National Science Library

Pyle, Fred

1997-01-01

.... Specifically, it identifies the cost savings in replacing the current internal automated purchase card management system, known as the standard automated contracting system, with a standardized...

The impact of competition on gas contracts

International Nuclear Information System (INIS)

Saga, B.P.

1994-01-01

This article looks at the impact of third-party access on non-European contract structures and possible lessons for Europe. For a number of years now, a debate has gone on in Europe about creating an internal market for energy, in which increased competition, both between different fuels and between different suppliers of the same fuel, has been put forward as an important feature. There is every possibility that pressure in the direction of liberalisation and introduction of more competition into European energy markets will continue. In the gas sector, introduction of third-party access (TPA) has been considered, at least by the European Commission, as a prerequisite for increased competition. (author)

A modernized purchasing approach for the '90s

International Nuclear Information System (INIS)

McCarter, J.W.

1992-01-01

Historically, purchasing professionals have felt safety in numbers - large numbers of quotes or proposals and large supplier bases to furnish all goods and services. Relationships with suppliers have been adversarial. Information has not been shared by either party. Emphasis has been on price. In fact, contract awards have typically been made on the basis of low bid. This has been particularly true with most utilities and government agencies. There are, however, new strategic challenges for the '90s that will cause the purchasing profession to evolve like many other aspects of a business organization. Organizations like TVA must face the fact that their business is shifting from a regulated monopoly to a competitive environment. This presentation addresses how purchasing will play a major role in this new strategy. The number of sources will be reduced to a minimum. Larger, longer term contracts will become commonplace. Suppliers or contractors who receive contract awards will become partners, part of the family. Proposals will be evaluated on the basis of 'total cost of ownership,' rather than low bid. Companies, like TVA, will be shifting more of their major construction and modification work to the 'experts' who do the job better. Purchasers will be asking their suppliers to express a willingness to develop innovative and cost-effective methods of providing a product or service and share the risk of reward for failure or success, including the willingness to accept incentive fees where appropriate. Many companies will be evaluating, certifying, and actually giving evaluation credits based on a supplier's commitment to a continuous quality improvement effort. Communications will be dramatically improved through use of electronic data interchange (EDI) and the author predicts that a totally paperless business environment will be emerging by the year 2000

CONTRACT FOLLOW UP TRAINING

CERN Multimedia

Technical Training; Tel. 74460

2001-01-01

SPL is organizing Training Sessions on the Contract Follow Up application. CFU is a Web based tool, developped and supported by the Administrative Information Services. It allows the creation of Divisional Requests and the follow up of their processing, from the Market Survey to the Invitation to Tender or Price Enquiry, approval by the Finance Committee, up to the actual signature of a Contract, acccording to the CERN Purchasing procedures. It includes a document management component. It also provides link with other AIS applications such as BHT and EDH. The course is primarily intended for DPOs, Contract Technical responsibles in the division and their assistants, but is beneficial to anybody involved in the follow up of such Purchasing Procedures. This course is free of charge, but application is necessary. The details of the course may be found at http://training.web.cern.ch/Training/ENSTEC/P2001/Bureautique/cfu4_f.htm General information of CFU may be found at http://ais.cern.ch/apps/cfu/ The dates of t...

The regulation of transportation contracts for natural gas: the issue of contractual dirigisme; A regulacao dos contratos de transporte de gas natural: a questao do dirigismo contratual

Energy Technology Data Exchange (ETDEWEB)

Queiroz, Lizziane Souza; Siqueira, Mariana; Vasconcellos, Mariana Vannucci [Universidade Federal do Rio Grande do Norte (UFRN), Natal, RN (Brazil)

2004-07-01

The old principals that that rules the liberal idea of contract are replaced for a new Theory that allows the State to interfere in the private sector to please the public interest. The Gas Transport Contract has the influence of open access and its public regulation is necessary to provide the most important needs of Brazilian market. After this word about the problem, we realize the meaning of the public intervention on the Transport Contracts to protect the nation's interests and to limit the private power. This paper try to clear the meaning of the contracts regulation to the gas natural market and its influence in a Brazilian interests. (author)

Optional forward contracts for electric power markets

International Nuclear Information System (INIS)

Gedra, T.W.

1994-01-01

This paper extends the idea of callable forward contracts, which are potentially useful as demand-side (interruptible-load) contracts, to their supply-side analogues. Together, these contracts allow market participants to take advantage of flexibility in generation or consumption to obtain a monetary benefit, while simultaneously removing the risk of market price fluctuations. This paper also considers the effects of strategic behavior on the part of market participants in their contract sales/purchase decisions

Comparing the risk profiles of renewable and natural gas electricity contracts: A summary of the California Department of Water Resources contracts

Energy Technology Data Exchange (ETDEWEB)

Bachrach, Devra; Wiser, Ryan; Bolinger, Mark; Golove, William

2003-03-12

Electricity markets in the United States have witnessed unprecedented instability over the last few years, with substantial volatility in wholesale market prices, significant financial distress among major industry organizations, and unprecedented legal, regulatory and legislative activity. These events demonstrate the considerable risks that exist in the electricity industry. Recent industry instability also illustrates the need for thoughtful resource planning to balance the cost, reliability, and risk of the electricity supplied to end-use customers. In balancing different supply options, utilities, regulators, and other resource planners must consider the unique risk profiles of each generating source. This paper evaluates the relative risk profiles of renewable and natural gas generating plants. The risks that exist in the electricity industry depend in part on the technologies that are used to generate electricity. Natural gas has become the fuel of choice for new power plant additions in the United States. To some, this emphasis on a single fuel source signals the potential for increased risk. Renewable generation sources, on the other hand, are frequently cited as a potent source of socially beneficial risk reduction relative to natural gas-fired generation. Renewable generation is not risk free, however, and also imposes certain costs on the electricity sector. This paper specifically compares the allocation and mitigation of risks in long-term natural gas-fired electricity contracts with the allocation and mitigation of these same risks in long-term renewable energy contracts. This comparison highlights some of the key differences between renewable and natural gas generation that decision makers should consider when making electricity investment and contracting decisions. Our assessment is relevant in both regulated and restructured markets. In still-regulated markets, the audience for this report clearly includes regulators and the utilities they

Legal issues in power sale contract negotiations

International Nuclear Information System (INIS)

Goodwin, L.M.

1990-01-01

The Public Utility Regulatory Policies Act of 1978 (PURPA) is the foundation of the cogeneration industry. However, few cogeneration projects could be financed on the basis of PURPA alone. PURPA guarantees project owners the right to sell power at the purchasing utility's Avoided Cost, whatever that may be from time to time. However, the development and financing of a cogeneration project requires a secure and dependable income stream, not a mere guarantee of the right to receive the spot price for power. Accordingly, developers have found that a formal power sale contract with the purchasing utility is a prerequisite to successful project development. This paper summarizes some current issues in power sale contract negotiation, with a particular emphasis on contract terms which shift risks from the utility and its ratepayers to the developer. Many of these trends originally appeared before the advent of competitive bidding systems, but most will continue to affect power sale contracts under competitive bidding, and under IPP project development as well

Buy Energy-Efficient Products: A Guide for Federal Purchasers and Specifiers

Energy Technology Data Exchange (ETDEWEB)

2016-07-01

In a single year, energy-efficient product purchases could save the federal government almost a half billion dollars worth of energy. By purchasing products that exceed the minimum required efficiency levels, buyers can save the government even more energy and money. Federal employees and contractors must take an active role in ensuring that the government receives products that meet efficiency requirements. This document provides an overview of product purchasing requirements and shows you how to write compliant contracts, find funding, and confirm product compliance.

A historical perspective of forward contracting for uranium

International Nuclear Information System (INIS)

Verbeek, P.

1983-01-01

For forward contracting for uranium, attempts have been made to identify any generally applicable purchasing patterns in Europe and in the US and how global purchasing patterns change with changing market conditions. Factors which influence a utility's decision to conclude, at any given time, a uranium purchase for some future years are examined. The question is also raised as to whether an 'ideal' purchasing strategy exists that minimizes both the risks and the costs and should be developed by every utility or should each utility's purchasing strategy be tailored to its own individual situation. (U.K.)

The influence of supplier assessment in the termination of oil and gas exploitation and production contracts in Brazil

Directory of Open Access Journals (Sweden)

Cleison Antonio Pinto

2016-03-01

Full Text Available The supplier performance assessment literature shows that the prior identification of contracts considered unsatisfactory may prove crucial to the maintenance of a company, especially in sectors with high operational and environmental risk and significant investments, such as the oil and gas exploitation sector. Although considered important, contract termination has been little studied in the Brazilian oil segment, due to the small number of firms operating in the sector and restricted access to information from these companies. This article aims to reduce this gap by analyzing what service assessment criteria most influence contract terminations in the Brazilian sector of oil and gas exploitation and production. Therefore, the assessments of service contracts terminated between 1/1/2006 and 12/31/2014 by a business unit active in oil and gas exploitation and production located in Brazil were analyzed using logit regressions. In the resulting database, 273 contracts were found that include all specialized services in the activity, totaling 19,613 ratings. The results indicate that the Term and Logistics criteria reveal the greatest influence on contract cancelations of the sector activities. In addition, by segregating the analysis by specialty, it was found that different specialties have different requirements and therefore different contractual arrangements. These results empirically corroborate the theoretical discussions in the literature about the importance of compliance with contractual obligations, especially with regard to the negotiated deadlines.

Leveraging fuel purchasing and management activities within a competitive power market

International Nuclear Information System (INIS)

Stallard, S.; Anderson, A.; Schick, J.

1998-01-01

Worldwide, one can see that competition, deregulation, or at a minimum, a closer focus on the overall economies of power generation is stimulating change within the power sector. Power generation markets are becoming liberalized providing for independent power producers and, in some cases, providing third-party access to the grid. In the US, fuel costs are being transformed from a pass-through expense to the consumer to one of a strategic asset or liability. In every case, fuel quality, fuel-related costs, and managing the fuel purchasing process are key factors in the overall efficiency and financial performance on the power generator. This paper illustrates how effective fuel management requires that the utility or GenCo improve upon historical fuel management/purchasing practices to lower overall generation costs and address the opportunities present in the power and fuel markets. Key framework/principles to be discussed include: Tighter coupling of fuel purchasing, short-term planning, and dispatch functions. Effective planning to link purchased fuel to system demand forecasts, consider contract/transportation constraints/economics, evaluate alternative sources, and consider fuel mix strategies (e.g., between sport, contract, and various regions/qualities). Tools and processes needed to support the new business environment such as fuel impact analysis, application of integrated fuel evaluation/management systems, market forecasting, purchasing, and the role of fuel management in energy trading. Flexibility to support optimal purchasing strategies including shorter purchase cycles, special buys, buys for third parties, and coal tolling. This framework would be discussed using examples from the US, UK, European, and Pacific Rim markets

41 CFR 101-25.101-3 - Supply through consolidated purchase for direct delivery to use points.

Science.gov (United States)

2010-07-01

... consolidated purchase for direct delivery to use points. 101-25.101-3 Section 101-25.101-3 Public Contracts and... purchase for direct delivery to use points. The following criteria shall govern in determining whether an... following factors requires consolidated purchasing of such items for direct delivery to use points— (1...

Transaction of long-term power purchasing contract by independent power providers in wholesale and retail competitive system

Energy Technology Data Exchange (ETDEWEB)

Lee, Seung Hoon [Korea Energy Economics Institute, Euiwang (Korea)

1998-12-01

In general, the restructuring starts with separation and division of power sector from the existing monopolist as the cases of Thailand and Malaysia. When the power provider is separated and divided, it becomes an independent power provider. The existing regional electricity provider carries out the supplying function to end-users buying electricity from several separated and divided providers. Therefore, the existing regional electricity providers give up the power generation business but become a demand monopolist in wholesale market. The competition system capable of applying during the separation period is the Generation Pool. With the Generation Pool, it is able to promote competition of power generation sector effectively and there is no need to have an extra step such as long-term power purchasing contract. In fact, Latin America and Chile have been managed the power market for more than 10 years with the competition system by the Generation Pool. 9 refs.

Oil price induced gas acquisition contracts. Immune to price changes; Oelpreisindizierte Gasbezugsvertraege. Immun gegen Preisaenderungen

Energy Technology Data Exchange (ETDEWEB)

Verhoeven, Meike [Soptim AG, Aachen (Germany)

2012-10-15

The gas price continues to be linked to the oil price. Gas utilities that must buy gas in these conditions and sell it at a fixed price incur considerable financial risk. Especially with long-term buying contracts, and especially for gas from Russia, producers insist on linking to the oil price. Gas utilities, on the other hand, had to stop to sell gas at a price linked to the oil price two years ago. Utilities attempt to protect themselves, e.g. via oil swaps. Professional portfolio management is necessary to cope with the risks and the highly complex processes involved.

The transition to open-access storage in U.S. natural gas markets

International Nuclear Information System (INIS)

Schell, L.S.; Schlesinger, B.

1990-01-01

In their traditional role as merchants, interstate natural gas pipelines in the U.S. sold natural gas at an aggregate price that incorporated all gathering, storage, transmission, and gas costs in a bundled service. As a result of movements toward deregulation, U.S. gas users now enjoy open-access transportation on most interstate pipeline systems as an unbundled service at a relatively unbundled price, allowing them to contract for their own gas supplies, separate and apart from the system sales gas of traditional pipeline supplier(s). Open-access storage has been slower than open-access transportation service in evolving; its limited availability is a major factor limiting the comparability of service between transportation gas and system sales gas. Open access to storage offers gas users an important tool in managing gas costs, timing of gas purchases, and deliverability imbalances

Long term contracts in portfolios of core LDC gas supply

International Nuclear Information System (INIS)

John, F.E.

1992-01-01

This paper recommends that local distribution companies (LDCs) should use a portfolio approach for their gas supply strategy. The author recommends that LDCs not rely on spot supplies to meet the peak needs of the core residential and commercial markets. He recommends that a secure supply through long-term contracts are better sources than spot or even intermediate term suppliers. The paper provides a brief outline format of the advantages to the use of a portfolio approach which include the rapid restructuring of the market, general changes in the market, and general market performance. By maintaining a portfolio, a list of available natural gas suppliers is always available. This portfolio also acts to compare pricing between short, medium, and long-term pricing for the LDCs

41 CFR 101-26.507-3 - Purchase of security equipment from Federal Supply Schedules.

Science.gov (United States)

2010-07-01

... 41 Public Contracts and Property Management 2 2010-07-01 2010-07-01 true Purchase of security... Management Federal Property Management Regulations System FEDERAL PROPERTY MANAGEMENT REGULATIONS SUPPLY AND PROCUREMENT 26-PROCUREMENT SOURCES AND PROGRAM 26.5-GSA Procurement Programs § 101-26.507-3 Purchase of...

Natural gas industry faces more uncertainty in the upcoming decade

International Nuclear Information System (INIS)

Steffes, D.W.

1995-01-01

The monumental discontinuity of the past decade in the natural gas industry was the change of the interstate gas pipeline industry from serving as a merchant function to a common carrier function. The main reason this change could come about was a past strategic error on the part of the interstate pipeline companies. In the early 1980s, they misread the gas supply signals and entered into uneconomical take or pay contracts at unreasonably high prices. This strategic mistake essentially bankrupted all of the pipeline companies. Their submittal to the Federal Energy Regulatory Commission (FERC) forced them to allow open access on their pipelines. The FERC then allowed them to buy their way out of their bad take or pay contracts. The method of pricing natural gas at the wellhead was the other big change. Instead of the major interstate pipeline continuing with a form of mandating area rates, each producer can now deal directly with anyone wanting to purchase the gas. The transportation is available due to these pipelines becoming common carriers. These two discontinuities allowed new paper interstate pipelines to come into existence

Natural gas imports and exports. First quarter report, 1998

Energy Technology Data Exchange (ETDEWEB)

NONE

1998-08-01

The Office of Natural Gas and Petroleum Import and Export Activities prepares quarterly reports summarizing the data provided by companies authorized to import or export natural gas. Companies are required, as a condition of their authorizations, to file quarterly reports. This report is for the first quarter of 1998 (January through March). Attachment A shows the percentage of takes to maximum firm contract levels and the weighted average per unit price for each of the long-term importers during the five most recent reporting quarters. Attachment B shows volumes and prices of gas purchased by long-term importers and exporters during the past 12 months. Attachment C shows volume and price information pertaining to gas imported on a short-term or spot market basis. Attachment D shows the gas exported on a short-term or spot market basis to Canada and Mexico.

Natural gas imports and exports: Third quarter report, 1998

Energy Technology Data Exchange (ETDEWEB)

NONE

1998-12-31

The Office of Natural Gas and Petroleum Import and Export Activities prepares quarterly reports summarizing the data provided by companies authorized to import or export natural gas. Companies are required, as a condition of their authorizations, to file quarterly reports. This report is for the third quarter of 1998 (July--September). Attachment A shows the percentage of takes to maximum firm contract levels and the weighted average per unit price for each of the long-term importers during the five most recent calendar quarters. Attachment B shows volumes and prices of gas purchased by long-term importers and exporters during the past 12 months. Attachment C shows volume and price information pertaining to gas imported on a short-term or spot market basis. Attachment D shows the gas exported on a short-term or spot market basis to Canada and Mexico.

Natural gas imports and exports. Fourth quarter report, 1998

Energy Technology Data Exchange (ETDEWEB)

NONE

1998-12-31

The Office of Natural Gas and Petroleum Import and Export Activities prepares quarterly reports summarizing the data provided by companies authorized to import or export natural gas. Companies are required, as a condition of their authorizations, to file quarterly reports. This report is for the fourth quarter of 1998 (October through December). Attachment A shows the percentage of takes to maximum firm contract levels and the weighted average per unit price for each of the long-term importers during the five most recent reporting quarters. Attachment B shows volumes and prices of gas purchased by long-term importers and exporters during the past 12 months. Attachment C shows volume and price information pertaining to gas imported on a short-term or spot market basis. Attachment D shows the gas exported on a short-term or spot market basis to Canada and Mexico.

Natural gas imports and exports. Second quarter report, 1998

Energy Technology Data Exchange (ETDEWEB)

NONE

1998-11-01

The Office of Natural Gas and Petroleum Import and Export Activities prepared quarterly reports summarizing the data provided by companies authorized to import or export natural gas. Companies are required, as a condition of their authorizations, to file quarterly reports. This report is for the second quarter of 1998 (April through June). Attachment A shows the percentage of takes to maximum firm contract levels and the weighted average per unit price for each of the long-term importers during the five most recent reporting quarters. Attachment B shows volumes and prices of gas purchased by long-term importers and exporters during the past 12 months. Attachment C shows volume and price information pertaining to gas imported on a short-term or spot market basis. Attachment D shows the gas exported on a short-term or spot market basis to Canada and Mexico.

Simulation of a gas thermal plant in the new environment of the Brazilian electricity sector: a risk versus return analysis; Simulacao de uma usina termica a gas no novo contexto do setor eletrico brasileiro: uma analise risco versus retorno

Energy Technology Data Exchange (ETDEWEB)

Pinhel, Antonio Carlos da Costa

2000-12-15

This work has as its main objective the evaluation of the financial impact in respect to the investment in a thermal gas plant, taking into consideration the complementary role of thermal electricity generation within the interconnected system. A risk x return analysis is performed, by means of computer simulations based on different assumptions, among which the following: costs involved; electric system expansion scenarios; flexible plant operation; long and short term contracting of generation capacity. The combination between flexibility in operation (the level of take/ship or pay in gas contracts) - which in favorable hydraulic periods allows for the use of water which would otherwise overflow through spillways or stored at low value - and a trading strategy - which reduces the risk exposure to electricity spot prices - makes it possible to have a significant increase in the cost effectiveness of the project. Among the main conclusions of the study, the following should be highlighted: the electricity price gap occurring between the prices practiced in present contracts between suppliers and distributors and those of the 'new energy', resulting from the system expansion; the relevance the flexibility in fuel purchase, in order to allow for the cost reduction of the energy generated, through the elimination of unnecessary gas consumption; the high risk associated to strategies in which investors come up with no signed long term power purchase agreements; and the risks for the system expansion, considering the consumer point of view. (author)

Simulation of a gas thermal plant in the new environment of the Brazilian electricity sector: a risk versus return analysis; Simulacao de uma usina termica a gas no novo contexto do setor eletrico brasileiro: uma analise risco versus retorno

Energy Technology Data Exchange (ETDEWEB)

Pinhel, Antonio Carlos da Costa

2000-12-15

This work has as its main objective the evaluation of the financial impact in respect to the investment in a thermal gas plant, taking into consideration the complementary role of thermal electricity generation within the interconnected system. A risk x return analysis is performed, by means of computer simulations based on different assumptions, among which the following: costs involved; electric system expansion scenarios; flexible plant operation; long and short term contracting of generation capacity. The combination between flexibility in operation (the level of take/ship or pay in gas contracts) - which in favorable hydraulic periods allows for the use of water which would otherwise overflow through spillways or stored at low value - and a trading strategy - which reduces the risk exposure to electricity spot prices - makes it possible to have a significant increase in the cost effectiveness of the project. Among the main conclusions of the study, the following should be highlighted: the electricity price gap occurring between the prices practiced in present contracts between suppliers and distributors and those of the 'new energy', resulting from the system expansion; the relevance the flexibility in fuel purchase, in order to allow for the cost reduction of the energy generated, through the elimination of unnecessary gas consumption; the high risk associated to strategies in which investors come up with no signed long term power purchase agreements; and the risks for the system expansion, considering the consumer point of view. (author)

Model of contract of purchase of the electric power produced by facilities that use the radiant energy of the sun and benefiting from the electricity purchase obligation. Established after enforcement of the article 5 of the decree from May 10, 2001 and approved by the minister attended to energy; Modele de contrat d'achat de l'energie electrique produite par les installations utilisant l'energie radiative du soleil et beneficiant de l'obligation d'achat d'electricite. Etablie en application de l'article 5 du decret du 10 mai 2001 et approuve par le Ministre charge de l'electricite

Energy Technology Data Exchange (ETDEWEB)

NONE

2001-07-01

This model of contract comprises 3 parts. The first part describes the general conditions of electric power purchase: aim of the contract, connection to the grid and delivery point, producer's facility, reciprocal commitments and stoppages for maintenance purpose, energy and power metering and control, energy delivery, payment for the purchased power (payment and payment indexing), taxes, payments, contract enforcement, date line, suspension, modification or cancellation, conciliation in case of dispute. A recall of the tariffs mentioned in the by-law from March 13, 2002, of the approximation rules and a model of certificate are given in appendixes. The second part gives some complements to the general conditions (purchaser and producer corporate, characteristics of the facility, details about the connection and delivery point, description of the metering system, tariffs of purchase and indexing, payment of bills, contract characteristics, subscription for a power supply contract). The third part is a model of contract for low voltage photovoltaic facilities. (J.S.)

An Analysis of Electronic Commerce Acquisition Systems: Comparison of a New Pure Electronic Purchasing and Exchange System (Electronic Storefront) and Other Legacy On-line Purchasing Systems

National Research Council Canada - National Science Library

Rowe, Arthur

2002-01-01

... as they relate to contracting and purchasing of supplies and services, The issues and concerns with legacy on-line procurement systems will be compared to a newly developed Pure Electronic Ordering System...

Payment contracts in a preventive health care system: a perspective from operations management.

Science.gov (United States)

Yaesoubi, Reza; Roberts, Stephen D

2011-12-01

We consider a health care system consisting of two noncooperative parties: a health purchaser (payer) and a health provider, where the interaction between the two parties is governed by a payment contract. We determine the contracts that coordinate the health purchaser-health provider relationship; i.e. the contracts that maximize the population's welfare while allowing each entity to optimize its own objective function. We show that under certain conditions (1) when the number of customers for a preventive medical intervention is verifiable, there exists a gate-keeping contract and a set of concave piecewise linear contracts that coordinate the system, and (2) when the number of customers is not verifiable, there exists a contract of bounded linear form and a set of incentive-feasible concave piecewise linear contracts that coordinate the system. Copyright © 2011 Elsevier B.V. All rights reserved.

Should general practitioners purchase health care for their patients? The total purchasing experiment in Britain.

Science.gov (United States)

Wyke, Sally; Mays, Nicholas; Street, Andrew; Bevan, Gwyn; McLeod, Hugh; Goodwin, Nick

2003-09-01

Until relatively recently, general practitioners (GPs) have been allowed to work independently, with no requirement to consider the resource implications of their referral and prescribing decisions. In order to align the interests of GPs with the overall objectives of health systems a number of countries have introduced primary care based capitation, funds pooling and budget holding either as experiments or as an overall policy. Are these experiments and policies likely to work? This paper presents evidence from the UK total purchasing experiment, which was the first major quasi-market development in the NHS to be independently evaluated from the outset. Total purchasing gave volunteer groups of practices freedom to purchase all hospital and community health services for their patients. The evidence suggests that whilst GPs have great potential as purchasers, they also have considerable limitations. The expectation that they will be able to improve the quality of patient experience of care, or to alter the use of resources, may not be generally realised. GP-based purchasing may be more appropriate where the task is to alter the balance or location of care between hospital and extramural settings. However, budgetary incentives are not 'magic potions' which have similar effects on behaviour wherever they are introduced. Holding budgets and having independent contracts, while important pre-requisites for being taken seriously in a quasi-market, were not sufficient for effective total purchasing. The paper concludes that health systems should not only value innovation and experimentation and encourage learning from evaluative research; they should also recognise the importance of supportive circumstances for any innovation to effect real and sustained change.

A large-scale linear complementarity model of the North American natural gas market

International Nuclear Information System (INIS)

Gabriel, Steven A.; Jifang Zhuang; Kiet, Supat

2005-01-01

The North American natural gas market has seen significant changes recently due to deregulation and restructuring. For example, third party marketers can contract for transportation and purchase of gas to sell to end-users. While the intent was a more competitive market, the potential for market power exists. We analyze this market using a linear complementarity equilibrium model including producers, storage and peak gas operators, third party marketers and four end-use sectors. The marketers are depicted as Nash-Cournot players determining supply to meet end-use consumption, all other players are in perfect competition. Results based on National Petroleum Council scenarios are presented. (Author)

Natural gas purchasing for cogeneration projects

International Nuclear Information System (INIS)

Kubacki, J. Jr.

1992-01-01

This paper reports on the primary cost component for most gas-fired cogeneration or on-site power projects, cost of natural gas. Often gas comprises 50 to 65% of total project costs over the life of the project. Thus it is very important to focus on natural gas sourcing, pricing, transportation and storage. This important task should not be blindly delegated to a gas supplier. The end user must develop a gas strategy that results in the most cost-effective burnertip price. Long-term natural gas supplies are usually source from the three major producing regions: Mod-Continent, Gulf Coast, and Western Canada. A well-reasoned gas strategy must include: determination of transportation and distribution options from the project site to potential gas sources (including direct interconnection of the project to interstate pipelines); acquisition of competitive gas bids from suppliers in appropriate regions; negotiation of potential discounts from interstate pipelines and local distribution companies (LDCs); fine-tuning project economics by, for example, using storage to maximize transportation load factor; and pricing mechanisms that meet economic parameters of the project. This paper uses a hypothetical project in the Midwest to examine the major factors in devising a cost-effective natural gas sourcing

Tobacco point-of-purchase promotion: examining tobacco industry documents.

Science.gov (United States)

Lavack, Anne M; Toth, Graham

2006-10-01

In the face of increasing media restrictions around the world, point-of-purchase promotion (also called point-of-sale merchandising, and frequently abbreviated as POP or POS) is now one of the most important tools that tobacco companies have for promoting tobacco products. Using tobacco industry documents, this paper demonstrates that tobacco companies have used point-of-purchase promotion in response to real or anticipated advertising restrictions. Their goal was to secure dominance in the retail setting, and this was achieved through well-trained sales representatives who offered contracts for promotional incentive programmes to retailers, which included the use of point-of-sale displays and merchandising fixtures. Audit programmes played an important role in ensuring contract enforcement and compliance with a variety of tobacco company incentive programmes. Tobacco companies celebrated their merchandising successes, in recognition of the stiff competition that existed among tobacco companies for valuable retail display space.

Model of contract of purchase of the electric power produced by facilities that use the mechanical energy of the wind, and benefiting from the electricity purchase obligation. Established after enforcement of the article 5 of the decree from May 10, 2001 and approved by the minister attended to energy; Modele de contrat d'achat de l'energie electrique produite par les installations utilisant l'energie mecanique du vent et beneficiant l'obligation d'achat d'electricite. Etablie en application de l'article 5 du decret du 10 mai 2001 et approuve par le Ministre charge de l'electricite

Energy Technology Data Exchange (ETDEWEB)

NONE

2001-07-01

This model of contract comprises 2 parts. The first part describes the general conditions of electric power purchase: aim of the contract, connection to the grid and delivery point, producer's facility, reciprocal commitments and stoppages for maintenance purpose, energy and power metering and control, energy delivery, payment for the purchased power (tariffs, energy efficiency incentives, conditions, control, tariffs indexing), taxes, payments, contract enforcement, date line, suspension, modification or cancellation, conciliation in case of dispute. A recall of the tariffs mentioned in the by-law from June 8, 2001, of the approximation rules and a model of certificate are given in appendixes. The second part gives some complements to the general conditions (purchaser and producer corporate, characteristics of the facility, details about the connection and delivery point, description of the metering system, tariffs of purchase and indexing, payment of bills, contract characteristics, subscription for a power supply contract). (J.S.)

Management of purchase process in realization of building investment

Directory of Open Access Journals (Sweden)

M. Radoń

2010-07-01

Full Text Available In building companies process of product and service purchase is one of the main processes of quality management system [1]. Because ofshort time-limits of contract realization, high specialization of works, necessity of fulfillment of high quality requirements and assurance of profitable financial effects the management of purchase process becomes very important element of work of the building company. The serious problem in creating and keeping the efficient system of purchase management is special type of purchase in building companies. Particular investments are realized in different country regions, objects are built based on the individual design documentations and each building becomes independent organization unit that organize purchase necessary for investment realization.An example of the management system of purchase process in building company is described in the paper. Just In Time system is widelyused during the realization of building investment. This system is especially useful in buildings because some investments, especially inbig cities, are characterized by restriction in building site. This makes impossible storing the products. In such cases close synchronization between times of delivery and requirements of purchase schedule and schedule of building realization is very important. Criteria of supplier selection as well as the methods of choosing the supplier are also presented in the paper. Special attention is paid to necessity of valuation of the purchase efficiency and the purchase risk. Basic coefficients of purchase efficiency are also described in the paper.

Focus on regional consequences by allocation of gas contracts; Vektlegging av regionale ringvirkninger ved allokering av gasskontrakter

Energy Technology Data Exchange (ETDEWEB)

Amundsen, E.S.; Sunnevaag, K.

1994-08-01

The Ministry of Industry and Energy evaluates which of the natural gas fields to be selected for covering the gas supply based on contract obligations. The evaluation aims at giving a total valuation of possible development solutions on the Norwegian continental shelf. Actual solutions are based on fields located in the Haltenbanken area or in the North Sea. The present report relates to a study analysing the consequences on how the employment and regional conditions are influencing the socio-economic and real economic factors by alternative solutions of contract allocations. 38 refs., 9 figs., 7 tabs.

7 CFR 1486.303 - What specific contracting procedures must be adhered to?

Science.gov (United States)

2010-01-01

...) Document the decision-making process. ...) COMMODITY CREDIT CORPORATION, DEPARTMENT OF AGRICULTURE LOANS, PURCHASES, AND OTHER OPERATIONS EMERGING... documented by a purchase order, invoice, or contract; (2) Ensure that no employee or officer participates in...

41 CFR 101-26.702 - Purchase of products manufactured by the Federal Prison Industries, Inc.

Science.gov (United States)

2010-07-01

... manufactured by the Federal Prison Industries, Inc. 101-26.702 Section 101-26.702 Public Contracts and Property... Defense § 101-26.702 Purchase of products manufactured by the Federal Prison Industries, Inc. (a) Purchases by executive agencies of prison-made products carried in GSA supply distribution facilities must...

7 CFR 17.5 - Contracts between commodity suppliers and importers.

Science.gov (United States)

2010-01-01

... officers and a description of the firm's experience as an exporter of U.S. agricultural commodities. Copies... under this part and the purchase authorization. (3) If, at the time the commodity supplier reports the... requirements unless otherwise specified in the purchase authorization. (1) Commodity contracts between...

7 CFR 1484.35 - Must Cooperators follow specific contracting procedures?

Science.gov (United States)

2010-01-01

... the decision-making process. [64 FR 52630, Sept. 30, 1999. Redesignated and amended at 65 FR 9995, Feb...) COMMODITY CREDIT CORPORATION, DEPARTMENT OF AGRICULTURE LOANS, PURCHASES, AND OTHER OPERATIONS PROGRAMS TO..., which are reimbursed with project funds, are documented by a purchase order, invoice, or contract; (2...

Identifying Procurement Fraud in Defense Agencies: An Analysis of the Government Purchase Card Program

Science.gov (United States)

2011-04-30

fielding, contracting, interoperability, organizational behavior, risk management , cost estimating, and many others. Approaches range from... COSO ), (Whittington & Pany, 2012). In addition, the Federal Financial Management Improvement Act of 1996 identified internal control as an...fraud indicators within the DoD Government Purchase Card Programs and provides recommendations for improving the management of Government Purchase

Scaling-up strategic purchasing: analysis of health system governance imperatives for strategic purchasing in a free maternal and child healthcare programme in Enugu State, Nigeria.

Science.gov (United States)

Ogbuabor, Daniel Chukwuemeka; Onwujekwe, Obinna Emmanuel

2018-04-05

Significant knowledge gaps exist in the functioning of institutional designs and organisational practices in purchasing within free healthcare schemes in low resource countries. The study provides evidence of the governance requirements to scale up strategic purchasing in free healthcare policies in Nigeria and other low-resource settings facing similar approaches. The study was conducted at the Ministry of Health and in two health districts in Enugu State, Nigeria, using a qualitative case study design. Semi-structured interviews were conducted with 44 key health system actors (16 policymakers, 16 providers and 12 health facility committee leaders) purposively selected from the Ministry of Health and the two health districts. Data collection and analysis were guided by Siddiqi and colleagues' health system governance framework. Data were analysed using a framework approach. The key findings show that supportive governance practices in purchasing included systems to verify questionable provider claims, pay providers directly for services, compel providers to procure drugs centrally and track transfer of funds to providers. However, strategic vision was undermined by institutional conflicts, absence of purchaser-provider split and lack of selective contracting of providers. Benefit design was not based on stakeholder involvement. Rule of law was limited by delays in provider payment. Benefits and obligations to users were not transparent. The criteria and procedure for resource allocation were unclear. Some target beneficiaries seemed excluded from the scheme. Effectiveness and efficiency was constrained by poor adherence to purchasing rules. Accountability of purchasers and providers to users was weak. Intelligence and information is constrained by paper-based system. Rationing of free services by providers and users' non-adherence to primary gate-keeping role hindered ethics. Weak governance of purchasing function limits potential of FMCHP to contribute towards

Natural gas: Imports and exports third quarter report 1993

Energy Technology Data Exchange (ETDEWEB)

1993-12-31

The Office of Fuels Programs prepares quarterly reports summarizing the data provided by companies with authorizations to import or export natural gas. Companies are required, as a condition of their authorizations, to file quarterly reports with the OFP. This report is for the third quarter of 1993 (July--September). Attachment A shows the percentage of takes to maximum firm contract levels and the weighted average per unit price for each of the long-term importers during the five most recent reporting quarters. Attachment B shows volumes and prices of gas purchased by long-term importers and exporters during the past twelve months (October 1992--September 1993). Attachment C shows volume and price information pertaining to gas imported on a short-term or spot market basis. Attachment D shows the gas exported on a short-term or spot market basis to Canada and Mexico.

Natural gas imports and exports. Third quarter report 1997

Energy Technology Data Exchange (ETDEWEB)

NONE

1998-01-01

This quarterly report, prepared by The Office of Natural Gas and Petroleum Import and Export Activities, summarizes the data provided by companies authorized to import or export natural gas. Numerical data are presented in four attachments, each of which is comprised of a series of tables. Attachment A shows the percentage of takes to maximum firm contract levels and the weighted average per unit price for each of the long-term importers during the five most recent calendar quarters. Volumes and prices of gas purchased by long-term importers and exporters during the past year are given in Attachment B. Attachment C shows volume and price information pertaining to gas imported on a short-term or spot market basis. Attachment D lists gas exported on a short-term or spot market basis to Canada and Mexico. Highlights of the report are very briefly summarized.

The impact of market changes on long-term take-or-pay export contracts for LNG and pipeline gas from Mena regions: lessons from Europe

International Nuclear Information System (INIS)

Frisch, Morten

1999-01-01

This paper examines the contracting structures and prices of liquefied natural gas (LNG) and gas pipeline projects, pricing arrangements in Great Britain, the continental West European gas price adjustment formula, and pricing of LNG transport by ship. The price review introduced in Continental North West European contracts, gas liberalisation and price shocks in Great Britain, the demise of British Gas, and gas liberalisation in continental Europe are discussed. Gas suppliers and European market liberalisation are considered, and MENA (Middle East and North Africa) gas supply arrangements, European buyers, and future price adjustment methods are addressed. (uk)

Asymmetric Information, Self-selection, and Pricing of Insurance Contracts

DEFF Research Database (Denmark)

Donnelly, Catherine; Englund, Martin Kristian; Nielsen, Jens Perch

2014-01-01

This article presents an optional bonus-malus contract based on a priori risk classification of the underlying insurance contract. By inducing self-selection, the purchase of the bonus-malus contract can be used as a screening device. This gives an even better pricing performance than both...... an experience rating scheme and a classical no-claims bonus system. An application to the Danish automobile insurance market is considered....

An Introduction to Building Contracts: an Irish Context

OpenAIRE

Cunningham, Tony

2016-01-01

A contract is an agreement which is capable of being enforced at law and whose essential characteristic is that of a bargain. Contract law focuses predominantly on commercial transactions and in the construction context these range from simple every-day transactions such as purchasing a box of nails to procuring multi-million euro building facilities. In Ireland construction clients typically engage designers and quantity surveyors to formulate designs and they subsequently contract with buil...

Model of contract of purchase of the electric power produced by small facilities with a power lower or equal to 36 kVA and benefiting from the electricity purchase obligation. Established after enforcement of the article 5 of the decree from May 10, 2001 and approved by the minister attended to energy; Modele de contrat d'achat de l'energie electrique produite par les petites installations d'une puissance inferieure ou egale a 36 KVA et beneficiant de l'obligation d'achat d'electricite. Etablie en application de l'article 5 du decret du 10 mai 2001 et approuve par le Ministre charge de l'electricite

Energy Technology Data Exchange (ETDEWEB)

NONE

2001-07-01

This model of contract comprises 3 parts. The first part describes the general conditions of electric power purchase: aim of the contract, connection to the grid and delivery point, producer's facility, reciprocal commitments and stoppages for maintenance purpose, energy and power metering and control, energy delivery, payment for the purchased power (payment and payment indexing), taxes, payments, contract enforcement, date line, suspension, modification or cancellation, conciliation in case of dispute. A recall of the tariffs mentioned in the by-law from March 13, 2002, of the approximation rules and some models of certificates are given in appendixes. The second part gives some complements to the general conditions (purchaser and producer corporate, characteristics of the facility, details about the connection and delivery point, description of the metering system, tariffs of purchase and indexing, payment of bills, contract characteristics, subscription for a power supply contract). The third part is a model of contract for low voltage facilities. (J.S.)

Structure of the National Coal Board. V. The Purchasing and Stores Department

Energy Technology Data Exchange (ETDEWEB)

Templeman, C L

1976-03-01

The purpose of the Board's Purchasing and Stores Department is to provide a service so that the requirements of the users are met while at the same time the Board's purchasing, contracting, and control of stores are properly managed with the maximum economy for the industry as a whole. The department has been a pioneer in the fields of large-scale centralized purchasing and the application of computer techniques to the problems of procurement and storekeeping. The work will develop as the department continues to meet the industry's requirements in the changing technical and economic climate of the future.

76 FR 14587 - Defense Federal Acquisition Regulation Supplement; Multiyear Contract Authority for Electricity...

Science.gov (United States)

2011-03-17

... cost effectiveness of the proposed purchase has been made based upon a business case analysis, and (2... determined, on the basis of a business case analysis prepared by DoD, that-- (1) The proposed purchase of electricity under such contract is cost effective; and (2) It would not be possible to purchase electricity...

Gas development plan - Estonia

International Nuclear Information System (INIS)

1994-06-01

The total supply of natural gas to Estonia is provided by the Russian company ''Lentransgas'', a 10 year contract is under negotiation. The gas transmission system is physically a part of the transmission network in the Baltic region which previously operated as an integral part of the USSR gas transmission system. The potential market is too small to justify investment in an alternative pipeline from the North Sea. The general reduction in purchasing power in the former COMECON countries has resulted in a decreased industrial production in Estonia and lead to a steep decline in natural gas consumption in all sectors except households. The Danish firm ''Dansk Olie og Naturgas A/S'' has been requested to assist the Estonian company ''AS Eesti Gaas J.S.C.'' in preparing a gas development plan for Estonia. Phase 1 of this plan aims to provide a detailed description of the status of the existing situation under the headings of gas supply and demand, transmission and distribution, economy and organization. The most important problems related to the current transition of the Estonian gas sector towards operation under market conditions are addressed, focussing on gas supply and market conditions, flow control and metering. The general organization of the gas sector in Estonia is described and possible models for future organization are discussed. Some recommendations are given and areas in need of further investigation are identified. (AB)

26 CFR 1.1471-1 - Recovery of excessive profits on government contracts.

Science.gov (United States)

2010-04-01

... operators, janitors, cleaners, watchmen and office equipment repairmen. (2) Bidding and general selling...) attributable to the contract or subcontract bears to the total direct productive labor of the production... things, production orders, bills or schedules of materials, purchase requisitions, purchase orders...

17 CFR 230.151 - Safe harbor definition of certain “annuity contracts or optional annuity contracts” within the...

Science.gov (United States)

2010-04-01

... the contract does not vary according to the investment experience of a separate account; (2) The insurer for the life of the contract (i) Guarantees the principal amount of purchase payments and interest... section to net purchase payments and interest credited thereto; and (3) The insurer guarantees that the...

Gas war

International Nuclear Information System (INIS)

Shiry, J.

1992-01-01

The sale of natural gas to California is one of the most complex and contested trade disputes between the USA and Canada. The background and the issues involved are discussed. An oversupply of Canadian gas, combined with USA subsidies for producing coalbed methane and a general oversupply of gas in the USA, have made spot gas prices decline to unexpectedly low levels. California regulators have responded to this situation by trying to secure the lowest possible prices for consumers, thereby causing them to abandon long-standing trade policies with Canada. The main agent of this change is the California Public Utilities Commission (CPUC), whose actions have reduced the value of Canadian exports and Alberta government revenues by at least $250 million annually. CPUC supported buying from a supply pool (Alberta ampersand Southern Gas) since it provided monopoly purchasing power, and CPUC's policy against pipeline expansion produced the limited access to California that the CPUC now cites as evidence of a producer cartel. CPUC has interfered in contracts with Canadian producers in its pipeline access policies, its capacity brokering decision of 1991, and its reasonableness test for past sales. In its haste to force its own view of market results onto existing contractual relationships, the CPUC is not allowing open negotiations to reshape the relationship, and CPUC actions may be generating countermeasures by Alberta that are inappropriate under deregulation. 3 figs

Model of contract of purchase of the electric power produced by facilities that use the energy of aquifers or of underground rocks and benefiting from the electricity purchase obligation. Established after enforcement of the article 5 of the decree from May 10, 2001 and approved by the minister attended to electricity; Modele de contrat d'achat de l'energie electrique produite par les installations utilisant l'energie des nappes aquiferes ou des roches souterraines et beneficiant de l'obligation d'achat d'electricite. Etablie en application de l'article 5 du decret du 10 mai 2001 et approuve par le Ministre charge de l'electricite

Energy Technology Data Exchange (ETDEWEB)

NONE

2001-07-01

This model of contract comprises 2 parts. The first part describes the general conditions of electric power purchase: aim of the contract, connection to the grid and delivery point, producer's facility, reciprocal commitments and stoppages for maintenance purpose, energy and power metering and control, energy delivery, payment for the purchased power (payment and payment indexing), taxes, payments, contract enforcement, date line, suspension, modification or cancellation, conciliation in case of dispute. A recall of the tariffs mentioned in the by-law from March 13, 2002, of the approximation rules and a model of certificate are given in appendixes. The second part gives some complements to the general conditions (purchaser and producer corporate, characteristics of the facility, details about the connection and delivery point, description of the metering system, tariffs of purchase and indexing, payment of bills, contract characteristics, subscription for a power supply contract). (J.S.)

48 CFR 216.505-70 - Orders under multiple award contracts.

Science.gov (United States)

2010-10-01

... under each order as one of the factors in the selection decision; and (4) The contracting officer should... statute expressly authorizes or requires that the purchase be made from a specified source; or (2) One of... the intent to make the purchase, including a description of the supplies to be delivered or the...

Nova Scotia electricity market : frameworks for renewable energy contracting and cogeneration contracting : discussion document

International Nuclear Information System (INIS)

2006-01-01

The recent Electricity Marketplace Governance Committee of Nova Scotia report issued a number of recommendations regarding renewable and cogeneration sales to retail consumers, as well as recommendations for top-up, spill rates and back-up rates to complement the operation of independent generating facilities. This discussion paper examined issues which need to be addressed in order to implement the recommendations. The discussion paper also included recommendations relating to the purchase of cogeneration output by the Nova Scotia Power Inc. (NSPI) under long term power purchase agreements. The aim of the paper was to provide a basis for the further discussion of issues in preparation for the development of future rules and regulations. The first part of the document identified ways for buyers and sellers to arrange contracts, as well as issues that need to be addressed at the institutional level to enable arrangements. Options for financial contracts and physical contracts were reviewed.The second part of the document examined pricing issues in the context of both financial and physical contract arrangements. Resolutions for both sets of options were proposed. Energy pricing principles were reviewed, as well as various pricing options and issues related to the analysis of price requirements. It was concluded that in order to support the safe, reliable and economic supply of electricity, the design of the electricity market should enable maximum flexibility in contractual arrangements and facilitate competition in ways that do not harm other parties

On the legal nature of electricity supply contracts concluded by electricity companies and power stations generating electricity from renewable energy sources

International Nuclear Information System (INIS)

Herrmann, B.J.

1998-01-01

Section 2 of the German Act for enhanced use of electricity from renewable energy sources (StEG) defines the obligation to contract but not the contractual obligations, i.e. the conditions of performance of the contract (supply and purchase of electricity and the legal obligations of contractors). The analysis here shows that characterising this mandatory contract required by the act as an agreement of purchase and sale more appropriately describes the legal nature of the contract and the intent of the legislator than other contracts for supply and purchase of electricity, as for instance those concluded by electric utilities and their customers. One specific aspect elaborated by the author is that the StEG does not constitute an obligation to supply on the part of the renewable energy generating power station, so that the power station operator is not obliged to ensure availability of the electricity at any time or in terms of supplies that can be called off by the purchasing utility, whereas the electric utility is obliged by section 2 of the StEG to purchase the contractual amounts from the generating station. (orig./CB) [de

Green Power Partnership Long-term Contracts

Science.gov (United States)

The U.S. EPA's Green Power Partnership is a voluntary program designed to reduce the environmental impact of electricity generation by promoting renewable energy. This page lists Partners that signed a contract to purchase green power for 5 years or more.

Gas-workers not wonts by only carriers

International Nuclear Information System (INIS)

Hirman, K.

2003-01-01

Paper deals with the own production of the co-owner of the Slovensky plynarensky podnik, a. s. (SPP). Gas de France mines gas in North Sea shelf. Algeria and Egypt should become the important source in next years. Ruhrgas also mines in North Sea. It owns 6.5% part in Gazprom. Ruhrgaz is interested in gas production directly in Russian Federation. Preliminary discussions are going hand in hand with Lukoil and Sevmorneftegaz companies. Lukoil supposes that possible attendance of Ruhrgas should help to get necessary capital of 1.5 billions Euro. Ruhrgaz is interested in gigantic Shtokmanovskoe deposit in Barents Sea shelf of Sevmorneftegaz Company. Total capital costs are estimated to 18 billions USD. But one of the problems remaining is closed statute of this part of Russian Arctic. Gazprom is also interested in new sources. Gazprom signed contract with Turkmenistan. Gazprom will purchase two trillions m 3 of gas until 2028 in accordance with it. In present time the export to Europe represents 135 billions m 3 annually, but according to signed long-term contracts this capacity will increase up to 180 billions m 3 after 2008. Because the domestic Russian mining is descending or stagnating, Gazprom is unable to start exploitation of new gigantic deposits in Yamal, company is forced to cover threatening deficit of gas by deliveries from Turkmenistan, Uzbekistan and Kazakhstan. So the possible competition of these countries is simultaneously eliminated in international markets. (Author)

Analysis of international oil and gas contracts

International Nuclear Information System (INIS)

Moran, S.

1992-01-01

The purposes of this paper are to describe the main types of international petroleum contracts, to give the reader methods for comparing contract qualities and analyzing the profitability of petroleum field models under basic contract terms, to describe methods for assessing tradeoffs between various terms of a contract, to describe briefly U.S. Taxation of international petroleum extraction income, and to discuss certain special considerations that apply to the international arena

New models intensify the purchase of energy

International Nuclear Information System (INIS)

Vesimaeki, P.; Lampinen, J.

2001-01-01

Models, designed for planning and optimisation of the purchase of energy, combined with high-quality expertise have an impact on the costs of energy companies. Optimisation has a significant role in power plant investments and in planning the power distribution of wholesale electric power. After the liberation of the electricity markets, the planning of the electricity purchase and the optimisation have obtained totally new roles in estimating the cost effects of present and new customers. Electrowatt-Ekono has developed a windows-based COPSIM software for planning of electric power purchase. The software is in active use in Electrowatt-Ekono. The energy purchase is optimised on yearly basis or on a shorter period by one hour steps based on hourly variation of energy purchase, power plant characteristics, power consumption rates and the prices of the fuels, power and heat. COPSIM takes the effect of external temperature on the power generation of backpressure and gas turbine plants into account. The software optimises also the power distribution of wholesale power. By the software it is possible to model different types of power plants, purchase of power, power sales, different power plant shares, thermal power stations, purchase and sales of heat, heat storage and heat transfer between different heating networks

Experience in developing control integrated multilevel systems for gas transport; Developpement de systemes integres de gestion multi-niveaux pour le transport du gaz

Energy Technology Data Exchange (ETDEWEB)

Kostyukov, V.Y. [NIIIS, (Russian Federation); Bityukov, V.S. [Gasprom, (Russian Federation)

2000-07-01

This report describes the experience of the integrated control multilevel system (IACS) development and implementation for gas transport at the regional enterprises of JSC 'Gasprom', specificity of IACS creation by the Russian enterprises on the basis of the technical and licensed basic software SCADA Geamatics purchased from AEG company under the contract. (authors)

Effects of interruptible natural gas service: Winter 1989--1990

International Nuclear Information System (INIS)

1991-07-01

During the extreme winter conditions experienced in December 1989, petroleum products showed dramatic price increases. Supply of certain products such as propane reached critical levels. Numerous factors contributed to the heating fuel situation, including well freeze-ups and refinery problems, as well as difficulties associated with delivery of the product. An area of concern identified in the ensuing debates was the impact of customer requirements for petroleum products resulting from curtailment of natural gas purchases under interruptible contracts. The lower rates associated with interruptible contracts make them an attractive choice for electric utilities. However, they require that the customer be prepared to obtain adequate fuel supplies in the event of curtailments. Electric utilities prepare for these contingencies with stocks of alternative fuels. Particularly in cold climates, interruptible has contracts are part of doing business. The extent and duration of the interruptions faced by customers relate principally to weather factors. Previous EIA studies investigated on a national level the causes of the dramatic price increases seen in petroleum product markets in the 1989--1990 heating season. This study is in response to a request from Senator Timothy Wirth, Chairman, Subcommittee on Energy Regulation and Conservation, to study in detail the impact of interruptible natural gas contracts as one of the factors cited as contributing to the price increases. A copy of the letter requesting the study is contained in Appendix A

Natural gas cost for evaluating energy resource opportunities at Fort Stewart

Energy Technology Data Exchange (ETDEWEB)

Stucky, D.J.; Shankle, S.A.

1993-01-01

Ft. Stewart, a United States Army Forces Command (FORSCOM) installation located near Hinesville, Georgia, is currently undergoing an evaluation of its energy usage, which is being performed by Pacific Northwest Laboratory. In order to examine the energy resource opportunities (EROs) at Ft. Stewart, marginal fuel costs must be calculated. The marginal, or avoided, cost of gas service is used in conjunction with the estimated energy savings of an ERO to calculate the dollar value of those savings. In the case of natural gas, the costing becomes more complicated due to the installation of a propane-air mixing station. The propane-air station is being built under a shared energy savings (SES) contract. The building of a propane-air station allows Ft. Stewart to purchase natural gas from their local utility at an interruptible rate, which is lower than the rate for contracting natural gas on a firm basis. The propane-air station will also provide Ft. Stewart with fuel in the event that the natural gas supply is curtailed. While the propane-air station does not affect the actual cost of natural gas, it does affect the cost of services provided by gas. Because the propane-air station and the SES contract affect the cost of gas service, they must be included in the analysis. Our analysis indicates a marginal cost of gas service of 30.0 cents per therm, assuming a total propane usage by the mixing station of 42,278 gallons (38,600 therms) annually. Because the amount of propane that may be required in the event of a curtailment is small relative to the total service requirement, variations in the actual amount should not significantly affect the cost per therm.

Natural gas cost for evaluating energy resource opportunities at Fort Stewart

International Nuclear Information System (INIS)

Stucky, D.J.; Shankle, S.A.

1993-01-01

Ft. Stewart, a United States Army Forces Command (FORSCOM) installation located near Hinesville, Georgia, is currently undergoing an evaluation of its energy usage, which is being performed by Pacific Northwest Laboratory. In order to examine the energy resource opportunities (EROs) at Ft. Stewart, marginal fuel costs must be calculated. The marginal, or avoided, cost of gas service is used in conjunction with the estimated energy savings of an ERO to calculate the dollar value of those savings. In the case of natural gas, the costing becomes more complicated due to the installation of a propane-air mixing station. The propane-air station is being built under a shared energy savings (SES) contract. The building of a propane-air station allows Ft. Stewart to purchase natural gas from their local utility at an interruptible rate, which is lower than the rate for contracting natural gas on a firm basis. The propane-air station will also provide Ft. Stewart with fuel in the event that the natural gas supply is curtailed. While the propane-air station does not affect the actual cost of natural gas, it does affect the cost of services provided by gas. Because the propane-air station and the SES contract affect the cost of gas service, they must be included in the analysis. Our analysis indicates a marginal cost of gas service of 30.0 cents per therm, assuming a total propane usage by the mixing station of 42,278 gallons (38,600 therms) annually. Because the amount of propane that may be required in the event of a curtailment is small relative to the total service requirement, variations in the actual amount should not significantly affect the cost per therm

Computer utilization for the solution of gas supply problems

Energy Technology Data Exchange (ETDEWEB)

Raleigh, J T; Brady, J R

1968-01-01

The computer programs in this paper have proven to be useful tools in the solution of gas supply problems. Some of the management type of applications are: (1) long range planning projects; (2) comparison of various proposed gas purchase contracts; (3) to assist with budget and operational planning; (4) to assist in making cost-of-servic and rate predictions; (5) to investigate the feasibility of processing plants at any point on the system; and (6) to assist dispatching in its daily operation for cost and quality control. Competition, not only from the gas industry, but also from other forms of energy, makes it imperative that quantitative and economic information with regard to that marketable resource be available under a variety of assumptions and alternatives. This information can best be made available in a timely manner by the use of the computer.

Key state legislative provisions on purchasing alliances.

Science.gov (United States)

Wicks, E K; Curtis, R E; Haugh, K

1994-01-01

In order to function effectively in post-reform healthcare markets, behavioral healthcare professionals must understand and interact with health purchasing alliances. Healthcare reform initiatives based upon the principles of managed competition envision an important role for cooperative health purchasing organizations, or "health alliances," that collect premiums and contract with health plans for the provision of comprehensive health services delivered within the framework of a standardized benefit package. Health purchasing alliances have already been implemented in eight states, and this trend is expected to grow. The following article illustrates the structure and authority of the health alliances that are already in operation, and is presented here to give Behavioral Healthcare Tomorrow journal readers an up-to-date overview of reforming healthcare markets. This matrix arrays recent state laws which we identify as clearly including components of managed competition or purchasing alliances. Other states undoubtedly have elements of reform that include some aspects of these concepts. For example, under legislation, a Vermont health care authority was established and, among other things, charged with developing two comprehensive reform proposals, one of which will involve multipayors and the other a single-payor system. Options will likely embody many of the activities of alliances. Vermont is not included in this matrix because these provisions are still in the developmental stage.

Targets for Marine Corps Purchasing and Supply Management Initiatives: Spend Analysis Findings

Science.gov (United States)

2011-01-01

Corps Purchasing and Supply Management Initiatives: Spend Analysis Findings source contracts with providers in them. We also examine contract “ churn ...repair, and rebuilding of equipment; general purpose ADP equipment; ADP and telecommunication ser- vices—are also shown in the previous chart for top...to $469 million in FY 2004. The spend for other ADP and telecommunication services, $264 million in FY 2004, was not even in the top ten in FY 2003

Can Markers Detect Contract Cheating? Results from a Pilot Study

Science.gov (United States)

Dawson, Phillip; Sutherland-Smith, Wendy

2018-01-01

Contract cheating is the purchasing of custom-made university assignments with the intention of submitting them. Websites providing contract cheating services often claim this form of cheating is undetectable, and no published research has examined this claim. This paper documents a pilot study where markers were paid to mark a mixture of real…

77 FR 65169 - Extension of Certain Timber Sale Contracts; Finding of Substantial Overriding Public Interest

Science.gov (United States)

2012-10-25

... that are in breach, or (6) contracts when the purchaser's processing facility has not operated during... DEPARTMENT OF AGRICULTURE Forest Service Extension of Certain Timber Sale Contracts; Finding of Substantial Overriding Public Interest AGENCY: Forest Service, USDA. ACTION: Notice of contract extensions...

Elements for a European gas policy

International Nuclear Information System (INIS)

Darmois, Gilles

2014-01-01

This report first discusses the role of gas in the European energy mix, and more particularly how it can be developed in the transport sector to replace oil, in the building and housing sector for heating and hot water production, and in the industry. The author also draws some lessons from the German experience with gas where power plants could not find their place in electricity production whereas lignite mines have been used with a maximum negative impact on the environment. This shows that the share of gas in the energy mix will not increase spontaneously, but will have to take carbon cost into account. Then, the author discusses the potential of shale gas in Europe, comments the first economic and geological lessons learned from the experience of the USA. He comments and discusses the environmental risks related to the exploitation of shale gases, and proposes an overview of European perspectives for gas in terms of reserves, infrastructures, supply and demand. The author outlines the European policy is to be reviewed, notably regarding the value of carbon. Some propositions are finally made regarding gas purchase contract negotiation, gas transport and storage infrastructures in Europe, supply security and strategic storages, investments in energy consumption efficiency in industries as well as for households

75 FR 77733 - Federal Acquisition Regulation; Preventing Abuse of Interagency Contracts

Science.gov (United States)

2010-12-13

..., including economies and efficiencies and the ability to leverage resources. This interim rule, which...) Describe the impact such contract will have on the ability of the Government to leverage its purchasing power, e.g., will it have a negative effect because it dilutes other existing contracts; (4) Include an...

48 CFR 3452.242-72 - Withholding of contract payments.

Science.gov (United States)

2010-10-01

... clause in all solicitations and contacts other than purchase orders: Withholding of Contract Payments... shall promptly notify the contractor of its intention to withhold payment of any invoice or voucher...

The Public Schools Contracts Law. Focus on School Law Series.

Science.gov (United States)

Dabreu, O. Lisa

New Jersey's Public Schools Contracts Law, enacted on June 2, 1977, places limits on the authority of local and regional boards of education to make purchases and to enter into contracts, agreements, or leases for supplies or services. This publication is designed to provide information and guidance that will assist boards of education in meeting…

Analyzing Contingency Contracting Purchases for Operation Iraqi Freedom (Unrestricted Version)

National Research Council Canada - National Science Library

Baldwin, Laura H; Ausink, John A; Campbell, Nancy F; Drew, John G; Roll, Jr, Charles R

2008-01-01

...) in an effort to determine the size and extent of contractor support, and how plans for and the organization and execution of contingency contracting activities might be improved so that Contingency...

30 CFR 220.015 - Pricing of materiel purchases, transfers, and dispositions.

Science.gov (United States)

2010-07-01

... 30 Mineral Resources 2 2010-07-01 2010-07-01 false Pricing of materiel purchases, transfers, and... CONTINENTAL SHELF OIL AND GAS LEASES § 220.015 Pricing of materiel purchases, transfers, and dispositions. (a... shall be priced under the provisions for tubular goods pricing in paragraph (a)(2)(i)(A) of this section...

Order 636 has worrisome leftovers for small LDCs

International Nuclear Information System (INIS)

Anon.

1993-01-01

This paper is an interview with a representative of a local natural gas distribution company, giving his opinion of the economic effects of the Federal Energy Regulatory Commission's (FERC) Order 636. This regulation provides that all natural gas, pipelines, and local gas distribution companies (LDC's) contract and manage their own supply and demand sales and purchases. The goal of the legislation was to provide a stable natural gas market which would allow for long term contract sales of natural gas. This paper discusses the economic and business impacts this regulation will have on LDC's which use to spot market purchase the majority of their gas from lowest price suppliers. The end result of this regulation would reduce the available of easily accessible spot market gas and require LCD's to begin negotiating their own contracts

36 CFR 223.41 - Payment when purchaser elects government road construction.

Science.gov (United States)

2010-07-01

... government road construction. 223.41 Section 223.41 Parks, Forests, and Public Property FOREST SERVICE... Conditions and Provisions § 223.41 Payment when purchaser elects government road construction. Each contract having a provision for construction of specified roads with total estimated construction costs of $50,000...

48 CFR 1319.811-3 - Contract clauses.

Science.gov (United States)

2010-10-01

... shall insert the clause 1352.219-71, Notification to Delay Performance (Deviation), in solicitations and...) Direct Award (Deviation), in direct contracts and purchase orders processed under the Partnership... 1352.219-72, Notification of Competition Limited to Eligible 8(a) Concerns, Alternate III (Deviation...

Complete Instruction and Project Book for Contracting. A Library Cooperation Tool.

Science.gov (United States)

Radcliffe, Walter H.; Kemper, Robert E.

An important tool for establishing efficient total library service is contracting, which allows a unit of government or a library to obtain the use of the resources of another library according to its specific needs. A contract can cover services to be purchased, financial arrangements, administrative responsibilities, legal considerations, and…

Panel discussion : contract design

International Nuclear Information System (INIS)

Vallas, A.; Vegh, G.; McGee, M.; Zaremba, T.; Seshan, A.; Harricks, P.; Bertoldi, L.; Taylor, R.

2003-01-01

This session presented highlights of the comments of 8 panelists who discussed the issue of contract design. The new electricity market in Ontario has introduced the energy trader, who enters into a contract with the consumer, based on the spot price set by the Independent Electricity Market Operator. Every contract has a fixed price payer as well as floating-price payers. If the floating price for a given amount of energy is higher than the fixed price, then the consumer gets the difference. Confusion, however, arises with the purchase of retail physical power in the market, particularly in deciding a fixed rate that the consumer will be paying. Different billing options were also discussed with emphasis on mid to large retail customers that have portfolios in the tens of MW and up to 100 MW or more. figs

Panel discussion : contract design

Energy Technology Data Exchange (ETDEWEB)

Vallas, A. [Sempra Energy Trading, Toronto, ON (Canada); Vegh, G. [MacLeod Dixon, Toronto, ON (Canada); McGee, M. [Energy Profiles Ltd., Etobicoke, ON (Canada); Zaremba, T. [Direct Energy Marketing, Calgary, AB (Canada); Seshan, A. [Larson and Toubro Information Technology, Toronto, ON (Canada); Harricks, P. [Gowlings, Toronto, ON (Canada); Bertoldi, L. [Borden Ladner Gervais, Toronto, ON (Canada); Taylor, R. [Hydro One Networks Inc., Markham, ON (Canada)

2003-05-01

This session presented highlights of the comments of 8 panelists who discussed the issue of contract design. The new electricity market in Ontario has introduced the energy trader, who enters into a contract with the consumer, based on the spot price set by the Independent Electricity Market Operator. Every contract has a fixed price payer as well as floating-price payers. If the floating price for a given amount of energy is higher than the fixed price, then the consumer gets the difference. Confusion, however, arises with the purchase of retail physical power in the market, particularly in deciding a fixed rate that the consumer will be paying. Different billing options were also discussed with emphasis on mid to large retail customers that have portfolios in the tens of MW and up to 100 MW or more. figs.

48 CFR 1213.7101 - Solicitation provision and contract clause.

Science.gov (United States)

2010-10-01

... Data, in all solicitations and requests for quotations, and the clause at (TAR) 48 CFR 1252.237-72, Prohibition on Advertising, in solicitations, requests for quotations, and all contracts (e.g., purchase...

Contracting for Efficiency. A Best Practices Guide for Energy-Efficient Product Procurement

Energy Technology Data Exchange (ETDEWEB)

Bunch, Saralyn [Office of Energy Efficiency and Renewable Energy (EERE), Washington, DC (United States); Payne, Christopher [Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States)

2016-04-01

The requirement to buy energy- and water-efficient products applies to federal purchases made through any procurement pathway (e.g., purchase cards, e-retailers, and solicitations) and to a wide variety of federal projects. The Federal Energy Management Program’s (FEMP's) Buy Energy-Efficient Products buyer overview fact sheet and Contracting for Efficiency best practices guide for product procurement are designed to support federal buyers in the purchase of energy- and water-efficient products.

Contracting for Efficiency: A Best Practices Guide for Energy Efficient Product Procurement

Energy Technology Data Exchange (ETDEWEB)

Bunch, Saralyn [Office of Energy Efficiency and Renewable Energy (EERE), Washington, DC (United States); Payne, Christopher [Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States)

2017-11-01

The requirement to buy energy- and water-efficient products applies to federal purchases made through any procurement pathway (e.g., purchase cards, e-retailers, and solicitations) and to a wide variety of federal projects. The Federal Energy Management Program’s (FEMP's) Buy Energy-Efficient Products buyer overview fact sheet and Contracting for Efficiency best practices guide for product procurement are designed to support federal buyers in the purchase of energy- and water-efficient products.

Process Improvement for Interinstitutional Research Contracting.

Science.gov (United States)

Varner, Michael; Logan, Jennifer; Bjorklund, Todd; Whitfield, Jesse; Reed, Peggy; Lesher, Laurie; Sikalis, Amy; Brown, Brent; Drollinger, Sandy; Larrabee, Kristine; Thompson, Kristie; Clark, Erin; Workman, Michael; Boi, Luca

2015-08-01

Sponsored research increasingly requires multiinstitutional collaboration. However, research contracting procedures have become more complicated and time consuming. The perinatal research units of two colocated healthcare systems sought to improve their research contracting processes. The Lean Process, a management practice that iteratively involves team members in root cause analyses and process improvement, was applied to the research contracting process, initially using Process Mapping and then developing Problem Solving Reports. Root cause analyses revealed that the longest delays were the individual contract legal negotiations. In addition, the "business entity" was the research support personnel of both healthcare systems whose "customers" were investigators attempting to conduct interinstitutional research. Development of mutually acceptable research contract templates and language, chain of custody templates, and process development and refinement formats decreased the Notice of Grant Award to Purchase Order time from a mean of 103.5 days in the year prior to Lean Process implementation to 45.8 days in the year after implementation (p = 0.004). The Lean Process can be applied to interinstitutional research contracting with significant improvement in contract implementation. © 2015 Wiley Periodicals, Inc.

Food Processing Contracts: Savings for Schools.

Science.gov (United States)

Van Egmond-Pannell, Dorothy

1983-01-01

Food processing contracts between schools and food manufacturers can result in huge cost savings. Fairfax County, Virginia, is one of 30 "letter of credit" sites in a three-year study of alternatives. After one year it appears that schools can purchase more for the dollar in their local areas. (MD)

The Defense Logistics Agency Properly Awarded Power Purchase Agreements and the Army Obtained Fair Market Value for Leases Supporting Power Purchase Agreements

Science.gov (United States)

2016-09-28

response to an allegation reported to the Defense Hotline. The allegation stated that the Army and Navy leased land to utility companies to produce...awarded the two power purchase agreements at Fort Hood and Fort Detrick, using full and open competition, in accordance with Federal and DoD guidance...Specifically, the contracting officials properly issued requests for proposals, developed source selection plans, and evaluated proposals in

Do institutional logics predict interpretation of contract rules at the dental chair-side?

Science.gov (United States)

Harris, Rebecca; Brown, Stephen; Holt, Robin; Perkins, Elizabeth

2014-01-01

In quasi-markets, contracts find purchasers influencing health care providers, although problems exist where providers use personal bias and heuristics to respond to written agreements, tending towards the moral hazard of opportunism. Previous research on quasi-market contracts typically understands opportunism as fully rational, individual responses selecting maximally efficient outcomes from a set of possibilities. We take a more emotive and collective view of contracting, exploring the influence of institutional logics in relation to the opportunistic behaviour of dentists. Following earlier qualitative work where we identified four institutional logics in English general dental practice, and six dental contract areas where there was scope for opportunism; in 2013 we surveyed 924 dentists to investigate these logics and whether they had predictive purchase over dentists' chair-side behaviour. Factor analysis involving 300 responses identified four logics entwined in (often technical) behaviour: entrepreneurial commercialism, duty to staff and patients, managerialism, public good. PMID:25441320

Co-operation and conflict under hard and soft contracting regimes: case studies from England and Wales.

Science.gov (United States)

Hughes, David; Allen, Pauline; Doheny, Shane; Petsoulas, Christina; Vincent-Jones, Peter

2013-01-01

This paper examines NHS secondary care contracting in England and Wales in a period which saw increasing policy divergence between the two systems. At face value, England was making greater use of market levers and utilising harder-edged service contracts incorporating financial penalties and incentives, while Wales was retreating from the 1990 s internal market and emphasising cooperation and flexibility in the contracting process. But there were also cross-border spill-overs involving common contracting technologies and management cultures that meant that differences in on-the-ground contracting practices might be smaller than headline policy differences suggested. The nature of real-world contracting behaviour was investigated by undertaking two qualitative case studies in England and two in Wales, each based on a local purchaser/provider network. The case studies involved ethnographic observations and interviews with staff in primary care trusts (PCTs) or local health boards (LHBs), NHS or Foundation trusts, and the overseeing Strategic Health Authority or NHS Wales regional office, as well as scrutiny of relevant documents. Wider policy differences between the two NHS systems were reflected in differing contracting frameworks, involving regional commissioning in Wales and commissioning by either a PCT, or co-operating pair of PCTs in our English case studies, and also in different oversight arrangements by higher tiers of the service. However, long-term relationships and trust between purchasers and providers had an important role in both systems when the financial viability of organisations was at risk. In England, the study found examples where both PCTs and trusts relaxed contractual requirements to assist partners faced with deficits. In Wales, news of plans to end the purchaser/provider split meant a return to less precisely-specified block contracts and a renewed concern to build cooperation between LHB and trust staff. The interdependency of local

Auditability In The U.S. Navy: A Knowledge Assessment Of The Contracting Workforce

Science.gov (United States)

2016-12-01

contracts, purchasing, management , marketing , quantitative methods or organization and management , a Baccalaureate degree, and one year of contracting...and to the Office of Management and Budget, Paperwork Reduction Project (0704-0188) Washington, DC 20503. 1. AGENCY USE ONLY (Leave blank) 2...maximum 200 words) The Department of Defense (DOD) has some problems in its contracting workforce that make the department susceptible to

Cross hedging and forward-contract pricing of electricity

International Nuclear Information System (INIS)

Woo, C.-K.; Hoang, K.; Horowitz, I.

2001-01-01

We consider the problem of an electric-power marketer offering a fixed-price forward contract to provide electricity that it purchases from a potentially volatile and unpredictable fledgling spot energy market. One option for the risk-averse marketer who wants to hedge against the spot-price volatility is to engage in cross hedging to reduce the contract's profit variance, and to determine the forward-contract price as a risk-adjusted price - the sum of a baseline price and a risk premium. We show how the marketer can estimate the spot-price relationship between two wholesale energy markets for the purpose of cross hedging, as well as the optimal hedge and the forward contract's baseline price and risk premium

12 CFR 714.9 - Are indirect leasing arrangements subject to the purchase of eligible obligation limit set forth...

Science.gov (United States)

2010-01-01

... the purchase of eligible obligation limit set forth in § 701.23 of this chapter? 714.9 Section 714.9....9 Are indirect leasing arrangements subject to the purchase of eligible obligation limit set forth... underwriting decision and that the lease contract is assigned to you very soon after it is signed by the member...

48 CFR 217.175 - Multiyear contracts for electricity from renewable energy sources.

Science.gov (United States)

2010-10-01

... electricity from renewable energy sources. 217.175 Section 217.175 Federal Acquisition Regulations System... renewable energy sources. (a) The head of the contracting activity may enter into a contract for a period not to exceed 10 years for the purchase of electricity from sources of renewable energy, as that term...

Engineering and construction projects for oil and gas processing facilities: Contracting, uncertainty and the economics of information

International Nuclear Information System (INIS)

Berends, Kees

2007-01-01

The amount of oil and gas processing capacity required to meet demand during the next 20 years is more than twice the amount realised during the last decades. Engineering and Construction contractors (ECs) play a key role in the development and implementation of Large Engineering and Construction Projects (LECPs) for these facilities. We examine the characteristics of LECPs, demand and supply of the contracting market and the strategies traditionally adopted by owners to contract out the development and implementation of these projects to ECs. We demonstrate that these traditional strategies are not longer effective, in the current 'sellers market', to mitigate the oligopolistic economic inefficiencies. As the 'overheating' of the contracting market is expected to continue for a considerable period of time, alternative contracting strategies are required. Contract theory, particularly the economics of information on LECPs, indicates how alternative contracting strategies can be used to overcome economic inefficiencies. The effective use of these alternative strategies requires increased owner involvement and their effectiveness is contingent upon owner competency and ECs acting as the owner's agent rather than its adversary. This will require an organisational and behavioural change process for both owners and ECs

Do institutional logics predict interpretation of contract rules at the dental chair-side?

Science.gov (United States)

Harris, Rebecca; Brown, Stephen; Holt, Robin; Perkins, Elizabeth

2014-12-01

In quasi-markets, contracts find purchasers influencing health care providers, although problems exist where providers use personal bias and heuristics to respond to written agreements, tending towards the moral hazard of opportunism. Previous research on quasi-market contracts typically understands opportunism as fully rational, individual responses selecting maximally efficient outcomes from a set of possibilities. We take a more emotive and collective view of contracting, exploring the influence of institutional logics in relation to the opportunistic behaviour of dentists. Following earlier qualitative work where we identified four institutional logics in English general dental practice, and six dental contract areas where there was scope for opportunism; in 2013 we surveyed 924 dentists to investigate these logics and whether they had predictive purchase over dentists' chair-side behaviour. Factor analysis involving 300 responses identified four logics entwined in (often technical) behaviour: entrepreneurial commercialism, duty to staff and patients, managerialism, public good. Copyright © 2014 The Authors. Published by Elsevier Ltd.. All rights reserved.

Point-of-sale cigarette purchase patterns among U.S. adult smokers-National Adult Tobacco Survey, 2012-2014.

Science.gov (United States)

Kruger, Judy; Jama, Amal; Lee, Joseph G L; Kennedy, Sara; Banks, Asha; Sharapova, Saida; Agaku, Israel

2017-08-01

Tobacco products are ubiquitous in most U.S. retail environments. Given that data on preferred point-of-sale purchase locations among U.S. adult tobacco users are limited, an enhanced understanding of tobacco purchase locations can help inform tobacco control policy, planning, and practice. We investigated prevalence and sociodemographic characteristics associated with cigarette purchase location among U.S. adult smokers. Pooled data came from the 2012-2013 (N=60,192) and 2013-2014 (N=75,233) National Adult Tobacco Surveys. Current cigarette smokers (n=18,005) aged ≥18 were asked if they purchased cigarettes within the previous 30days (n=15,182) and, if so, where they last purchased cigarettes. In 2016, logistic regression adjusted for sex, age, race/ethnicity, education level and annual household income was used to assess characteristics associated with purchase location. Among current smokers, 90.2% reported purchasing cigarettes in the past 30days. The most common purchase locations were convenience stores/gas stations (69.1%), tobacco discount stores (9.9%), drug stores (5.0%), supermarkets (4.9%), and liquor stores (3.6%). The odds of purchasing cigarettes at convenience stores/gas stations were higher among men (adjusted odds ratio (AOR)=1.4; 95% confidence interval (CI)=1.2-1.5) than women; and among adults aged 18-24 (AOR=3.1; 95% CI=2.4-3.9), 25-44 (AOR=3.1; 95% CI=2.7-3.7), and 45-64years (AOR=1.8 95% CI=1.6-2.1) than adults aged ≥65years. Over two-thirds of U.S. smokers last purchased cigarettes from convenience stores/gas stations. Understanding the relationship between purchase location and smoker characteristics may inform tobacco control strategies in the retail environment. Published by Elsevier Inc.

48 CFR 242.202 - Assignment of contract administration.

Science.gov (United States)

2010-10-01

..., charting, and geodesy services; (F) Base, post, camp, and station purchases; (G) Operation or maintenance of, or installation of equipment at, radar or communication network sites; (H) Communications..., post, camp, and station contracts on a military installation are normally the responsibility of the...

Power sales contract/energy supply agreements

International Nuclear Information System (INIS)

Wallace, R.B.

1999-01-01

The factors involved in negotiating power purchase/sales arrangements in Ontario's newly deregulated electricity market are described, and the ways in which they will evolve in the future are predicted. Indications are that the trends that will govern the changes in the electric power industry will be the same as those that existed in the natural gas industry. For this reason, a comparative evaluation of purchase and sale agreements in the two industries was provided. Traditional power purchase arrangements, including requests for proposals, the seller's response, the memorandum of understanding, and the principal terms of a traditional bilateral power purchase agreement were examined. The author predicted that over time, and probably fairly fast in power pool jurisdictions, the traditional power purchase agreement will give way to the concept of energy as a pure commodity and to a standard form of agreement. 1 appendix

Union Gas and Ontario gas production

International Nuclear Information System (INIS)

Cameron, C.

2001-01-01

A step-by-step review of the tie-in process of new production wells into the Union Gas System is described. Requirements of the producer and those of Union Gas are explained. Also described are the choices available to the producer to sell his gas. He can sell either to Union Gas directly at an agreed upon price, or the producer has the option to have what is called an M13 contract which allows him to sell his gas at Dawn, where it can be stored within parameters of the contract, and sold to any buyer at Dawn at a negotiated rate. This arrangement, while entailing a much greater administrative load than direct sale to Union Gas, nevertheless, allows the producer to take advantage of market fluctuations. A third option provided by Union Gas is to make available to the producer storage space greater than the provisions of the M13 contract at current market rate, thereby opening up the opportunity to the producer to capture additional value in later winter months (when gas is in greater demand)

Global LNG - characteristics, clients and contracts

International Nuclear Information System (INIS)

Bauquis, P.R.

1997-01-01

Total's liquefied natural gas (LNG) holdings were described. Other topics discussed included an overview of gas consumption and internationally traded gas in 1995, a primer on the history of LNG, Japan's average import prices in 1996, Europe's border gas prices and consumption in 1995, Canada/US regional price differences in 1995 and 1996, and world gas markets and prices in 1996. The projected LNG supply and demand in Europe and Asia , especially in Japan, China and India, was also discussed. General concepts of LNG pricing, the general structure of a gas sales contract, and the different categories of LNG contracts were also reviewed. 24 figs

27 CFR 8.22 - Contracts to purchase distilled spirits, wine, or malt beverages.

Science.gov (United States)

2010-04-01

... AND TOBACCO TAX AND TRADE BUREAU, DEPARTMENT OF THE TREASURY LIQUORS EXCLUSIVE OUTLETS Prohibited..., or malt beverages from the industry member beyond a single sales transaction is prohibited. Examples of such contracts are: (a) An advertising contract between an industry member and a retailer with the...

Purchasing Value: Purchasing and Supply Management's Contribution to Health Service Performance: Address delivered at the occasion of accepting the appointment of endowed professor of Purchasing & Supply Management in Healthcare on behalf of the Vereniging Trustfonds, Erasmus University Rotterdam, at Rotterdam School of Management and the institute of Health Policy & Management, Erasmus University, on Friday, 14 October 2016

OpenAIRE

Raaij, Erik

2016-01-01

textabstractMany countries across the globe face the challenge of increasing healthcare costs, often increasing faster than GDP or personal income. In an effort to manage these costs, but also to improve the quality and accessibility of healthcare, governments have introduced a purchaser-provider split in the healthcare system. Healthcare financers, such as local governments, employers and health insurers exercise the role of healthcare purchasers. They select and contract providers, and mana...

Proceedings of the 7th cogeneration and independent power congress, natural gas purchasing '92, HVAC controls and energy conservation '92, 1992 indoor air quality congress

International Nuclear Information System (INIS)

Anon.

1992-01-01

This book is covered under the following topics: Cogeneration and IPP Market Developments; Natural Gas Marketing and Deliverability Strategies; Identifying the Sources of IAQ Problems; User-Owner Cogeneration Systems; Strategies for International Power Development; Strategic Fuel Purchasing; Cogeneration and utility Power Plant Compliance Issues; New HVAC Design Trends; IAQ Practical solutions: Case Studies

Financial impacts of nonutility power purchases on investor-owned electric utilities

Energy Technology Data Exchange (ETDEWEB)

1994-06-01

To assist in its these responsibilities in the area of electric power, EIA has prepared this report, Financial Impacts of Nonutility Power Purchases on Investor-Owned Electric Utilities. The primary purpose of this report is to provide an overview of the issues surrounding the financial impacts of nonutility generation contracts (since the passage of the Public Utility Regulatory Policies Act of 1978) on investor-owned utilities. The existing concern in this area is manifest in the provisions of Section 712 of the Energy Policy Act of 1992, which required State regulatory commissions to evaluate various aspects of long-term power purchase contracts, including their impact on investor-owned utilities` cost of capital and rates charged to customers. The EIA does not take positions on policy questions. The EIA`s responsibility is to provide timely, high quality information and to perform objective, credible analyses in support of the deliberations by both public and private decision-makers. Accordingly, this report does not purport to represent the policy positions of the US Department of Energy or the Administration.

Financial impacts of nonutility power purchases on investor-owned electric utilities

International Nuclear Information System (INIS)

1994-01-01

To assist in its these responsibilities in the area of electric power, EIA has prepared this report, Financial Impacts of Nonutility Power Purchases on Investor-Owned Electric Utilities. The primary purpose of this report is to provide an overview of the issues surrounding the financial impacts of nonutility generation contracts (since the passage of the Public Utility Regulatory Policies Act of 1978) on investor-owned utilities. The existing concern in this area is manifest in the provisions of Section 712 of the Energy Policy Act of 1992, which required State regulatory commissions to evaluate various aspects of long-term power purchase contracts, including their impact on investor-owned utilities' cost of capital and rates charged to customers. The EIA does not take positions on policy questions. The EIA's responsibility is to provide timely, high quality information and to perform objective, credible analyses in support of the deliberations by both public and private decision-makers. Accordingly, this report does not purport to represent the policy positions of the US Department of Energy or the Administration

Current problems associated with nuclear plant construction contracts

International Nuclear Information System (INIS)

Albano, Raffaele.

1977-01-01

The expansion of nuclear electricity generating programmes has brought to the fore the problems associated with construction of this type of power plant. The paper analyses the contracts for such construction and describes the most common, the turnkey contract. The present tendency is to limit the scope of turnkey contracts to the nuclear system or simply to the reactor and this is especially common in advanced nuclear countries such as the US, Canada, Japan, UK and France, and this is also the case in Italy where the question of contracting nuclear plants is debated. In Germany the power utilities hold a large number of shares in the manufacturing industry and the turnkey contract is therefore more economically attractive. A detailed description of the contracting procedure is provided, including the suppliers' and purchasers' responsibilities, plant commissioning tests and handing over of the plant to the operator. (NEA) [fr

Cross hedging and forward-contract pricing of electricity

Energy Technology Data Exchange (ETDEWEB)

Woo, C.-K.; Hoang, K. [Energy and Environmental Economics, Inc., 353 Sacramento Street, Suite 1700, 94111 San Francisco, CA (United States); Horowitz, I. [Decision and Information Sciences, Warrington College of Business Administration, University of Florida, 32611 Gainesville, FL (United States)

2001-01-01

We consider the problem of an electric-power marketer offering a fixed-price forward contract to provide electricity that it purchases from a potentially volatile and unpredictable fledgling spot energy market. One option for the risk-averse marketer who wants to hedge against the spot-price volatility is to engage in cross hedging to reduce the contract's profit variance, and to determine the forward-contract price as a risk-adjusted price - the sum of a baseline price and a risk premium. We show how the marketer can estimate the spot-price relationship between two wholesale energy markets for the purpose of cross hedging, as well as the optimal hedge and the forward contract's baseline price and risk premium.

Solar results purchasing

International Nuclear Information System (INIS)

Sanders, J.

2001-01-01

Solar Thermal water heating has made little market penetration in some European countries. The main barriers to market development are: Long payback periods for the technology; Difficulties for the end-user in meeting the initial capital costs of the installation; Lack of confidence in the delivered energy that can be expected from the technology. The third barrier has been addressed using the concept of Guaranteed Solar Results (GSR). This project has addressed the other two main barriers using the concept of Solar Results Purchasing, (SRP) which combines GSR with Third Party Financing. The work was carried out in the UK, France, and Spain. The project used a uniform approach across the three countries. Each team calculated solar performance using an English version of the SOLO programme developed by TECSOL in France to encode the methodology for GSR model contracts. (author)

Solar results purchasing

Energy Technology Data Exchange (ETDEWEB)

Sanders, J.

2001-07-01

Solar Thermal water heating has made little market penetration in some European countries. The main barriers to market development are: Long payback periods for the technology; Difficulties for the end-user in meeting the initial capital costs of the installation; Lack of confidence in the delivered energy that can be expected from the technology. The third barrier has been addressed using the concept of Guaranteed Solar Results (GSR). This project has addressed the other two main barriers using the concept of Solar Results Purchasing, (SRP) which combines GSR with Third Party Financing. The work was carried out in the UK, France, and Spain. The project used a uniform approach across the three countries. Each team calculated solar performance using an English version of the SOLO programme developed by TECSOL in France to encode the methodology for GSR model contracts. (author)

Drilling contract issues

International Nuclear Information System (INIS)

Davison, G.B.; Worden, D.R.; Borbridge, G.K.D.

1997-01-01

Some selected issues which are facing both operators and contractors in drilling for oil and gas, such as the allocation of risk by contract and by statute and the implementation of new technologies, were discussed. There are three varieties of written drilling contracts used in Canada: (1) day work and meterage contracts, (2) master drilling agreements, and (3) contracts that are used in construction projects that do not specifically relate to drilling. Issues relevant to the contractual allocation of risk, to implementing new drilling technologies, to reconciling contract and statute liability, and the formation of strategic alliances for mutual benefit, and the factors contributing to the success of such alliances were explored. 12 refs

48 CFR 53.249 - Termination of contracts.

Science.gov (United States)

2010-10-01

....6: (1) SF 1034 (GAO), Public Voucher for Purchases and Services Other Than Personal. (See 49.302(a... Proposal for Cost-Reimbursement Type Contracts. (See 49.602-1(c) and 49.302.) Standard Form 1437 is... for Partial Payment. (See 49.602-4.) Standard Form 1440 is authorized for local reproduction and a...

Negotiating and structuring the power purchase agreement (PPA)

International Nuclear Information System (INIS)

Wallace, R.B.

1999-01-01

In order to meet the needs of both generators and consumers, there are several factors which affect electricity sales that should be considered when negotiating a power purchase agreement. Most importantly, it should be known whether a project is being developed by the end user for its own use, or whether it is being developed by an independent power producer (IPP) for sale to the Power Pool, or directly to others. This paper described a joint venture as being an IPP which can sell power to the Power Pool, an eligible industrial user, or its host (usually to the most economically attractive buyer). Natural gas deregulation provided a big incentive for IPPs to develop new power projects. The things to consider in traditional power purchase arrangements are requests for proposals, the seller's response and a memorandum of understanding. The principle terms of a traditional bilateral power purchase agreement involve the nature of the services to be provided, pricing, termination terms, facilities issues, force majeure and changes in law. This paper also discussed market alternatives to the traditional power purchase agreement. 1 appendix

Conflicts of Interest in Purchasing: An Aggressive Plan for Prevention and Detection.

Science.gov (United States)

Cuzzetto, Charles E.; Race, Susan L.

1990-01-01

The objective of a conflicts of interest policy is to ensure that a school is obtaining goods and services at the best available price. Summarizes the requirements of a policy and explains how a "Right-to-Audit" clause in all purchase orders and contracts is a way to monitor policy adherence. (MLF)

Control of the voluntary splitting of photovoltaic projects and unique purchase contract - Decree of the 26 June 2015 modifying the decree of the 4 March 2011 defining the purchase conditions for the electricity produced by installations using solar radiation like those concerned in the 3. of the article 2 of the decree 2000-1196 of the 6 December 2000

International Nuclear Information System (INIS)

Leloup, Lea

2015-01-01

This article comments a recent decree which aims at struggling against artificial splitting of solar installations, i.e. the possibility for solar electricity producers to circumvent tariffs and ask for a better purchase tariff through requests for distinct contracts. The author describes this problem, and analyses how this struggle is strengthened by new legal arrangements. She also outlines that no more parcel division will be tolerated

Industrial natural gas supply options in British Columbia

International Nuclear Information System (INIS)

1994-01-01

Information is provided on the availability and cost of natural gas in British Columbia for use by firms interested in establishing gas-intensive industrial facilities in the province. British Columbia has an abundant supply of natural gas, originating mainly from deposits in the westernmost part of the Western Canadian Sedimentary Basin in the northeast part of the province. Recoverable resources in British Columbia are estimated at 1,000-1,400 billion m 3 . Over 200 producers compete to sell natural gas for both domestic and export markets. Gathering, processing, and transmission of the gas is undertaken mainly by the Westcoast Energy pipeline system, and distribution is undertaken by several distribution utilities. At present, all large industrial gas users buy their firm gas requirements directly from gas producers, often using gas marketers or brokers to assist in purchasing. Regulation of the gas industry is performed by the British Columbia Utilities Commission, which sets rules for energy supply contracts, and by the National Energy Board, which sets tolls for gathering, processing, and transporting gas. Factors affecting gas pricing are discussed, with reference to both the wellhead price and the cost of gathering, processing, and transportation. Firm gas costs for two hypothetical industrial loads in British Columbia are illustrated. Potential intensive uses of natural gas in the province are outlined, including power generation, liquefaction for export, manufacturing, production of direct reduced iron, and as petrochemical feedstocks. 5 figs., 2 tabs

7 CFR 1726.253 - Prior approved contract modification related to alternative bid provision for payment to...

Science.gov (United States)

2010-01-01

... alternative bid provision for payment to contractor for bulk purchase of materials. 1726.253 Section 1726.253... contractor for bulk purchase of materials. When construction is to be performed over an extended period of... AGRICULTURE ELECTRIC SYSTEM CONSTRUCTION POLICIES AND PROCEDURES Modifications to RUS Standard Contract Forms...

Research on trading patterns of large users' direct power purchase considering consumption of clean energy

Science.gov (United States)

Guojun, He; Lin, Guo; Zhicheng, Yu; Xiaojun, Zhu; Lei, Wang; Zhiqiang, Zhao

2017-03-01

In order to reduce the stochastic volatility of supply and demand, and maintain the electric power system's stability after large scale stochastic renewable energy sources connected to grid, the development and consumption should be promoted by marketing means. Bilateral contract transaction model of large users' direct power purchase conforms to the actual situation of our country. Trading pattern of large users' direct power purchase is analyzed in this paper, characteristics of each power generation are summed up, and centralized matching mode is mainly introduced. Through the establishment of power generation enterprises' priority evaluation index system and the analysis of power generation enterprises' priority based on fuzzy clustering, the sorting method of power generation enterprises' priority in trading patterns of large users' direct power purchase is put forward. Suggestions for trading mechanism of large users' direct power purchase are offered by this method, which is good for expand the promotion of large users' direct power purchase further.

The offer to eligible clients and gas purchase

International Nuclear Information System (INIS)

Willson, G.; Brun, C.; Lautard, Ph.

2003-01-01

This article gathers 4 presentations given at the 2003 natural gas congress of Paris about the impacts of the deregulation of the natural gas market. The first presentation presents the impact of the UK gas market deregulation on the energy expenses of the French tire manufacturer Michelin. The second presentation treats of Gaz de France offer to eligible clients. The third presentation presents the operation of the gas hub of Zeebrugge and the arbitration of prices, and the last presentation deals with the gas trading activity of Total company. (J.S.)

Contract Overhead Reduction Across the Department of Defense

Science.gov (United States)

2016-02-16

Congress believed that these tasks could best be accomplished using officers to purchase these goods and services from civilians as it relieved soldiers...political elite – that the United States has deliberately and illicitly used the fuel contracts to bribe Kyrgyzstan’s two past presidents.”15 In addition

Prediction of natural gas consumption

International Nuclear Information System (INIS)

Zhang, R.L.; Walton, D.J.; Hoskins, W.D.

1993-01-01

Distributors of natural gas need to predict future consumption in order to purchase a sufficient supply on contract. Distributors that offer their customers equal payment plans need to predict the consumption of each customer 12 months in advance. Estimates of previous consumption are often used for months when meters are inaccessible, or bimonthly-read meters. Existing methods of predicting natural gas consumption, and a proposed new method for each local region are discussed. The proposed model distinguishes the consumption load factors from summer to other seasons by attempting to adjust them by introducing two parameters. The problem is then reduced to a quadratic programming problem. However, since it is not necessary to use both parameters simultaneously, the problem can be solved with a simple iterative procedure. Results show that the new model can improve the two-equation model to a certain scale. The adjustment to heat load factor can reduce the error of prediction markedly while that to base load factor influences the error marginally. 3 refs., 11 figs., 2 tabs

Under-Optimized Smart Contracts Devour Your Money

OpenAIRE

Chen, Ting; Li, Xiaoqi; Luo, Xiapu; Zhang, Xiaosong

2017-01-01

Smart contracts are full-fledged programs that run on blockchains (e.g., Ethereum, one of the most popular blockchains). In Ethereum, gas (in Ether, a cryptographic currency like Bitcoin) is the execution fee compensating the computing resources of miners for running smart contracts. However, we find that under-optimized smart contracts cost more gas than necessary, and therefore the creators or users will be overcharged. In this work, we conduct the first investigation on Solidity, the recom...

Biogas: the support arrangement is extended to hybrid valorization installations

International Nuclear Information System (INIS)

2013-01-01

This document presents and contains three decrees which authorize the hybrid valorization of biogas, i.e. by production of electricity and of bio-methane which is injected in natural gas networks, in order to support the development of methanization. Prospect development, tariff and contract duration are briefly discussed. The decrees address the contracting conditions between bio-methane producers and natural gas providers, purchase conditions for the electricity produced by biogas installations, purchase conditions of bio-methane injected in natural gas networks. The document also contains the discussion the Commission of energy regulation about the first decree

Professionalising purchasing organisations : towards a purchasing development model

NARCIS (Netherlands)

Weele, van A.J.; Rozemeijer, F.A.; Rietveld, G.; Lamming, R.C.

1998-01-01

How does purchasing develops as a discipline over time in large international organisations? What are the drivers and enablers behind the development of purchasing? Is there an ideal growthpath for purchasing in organisations? These subjects are discussed in this paper by, firstly, providing an

48 CFR 801.690-5 - Requirements for contracting authority.

Science.gov (United States)

2010-10-01

..., purchasing, economics, industrial management, marketing, quantitative methods, or organization and management...) The Chief, ATCD, is responsible for the management of the ACEP, the program that assists contracting...) Education. (1) The 24 business-related college credits shall be in any combination of the following fields...

The challenges of strategic purchasing of healthcare services in Iran Health Insurance Organization: a qualitative study.

Science.gov (United States)

Gorji, Hasan Abolghasem; Mousavi, Sayyed Masoud Shajari Pour; Shojaei, Ali; Keshavarzi, Anahita; Zare, Hossein

2018-02-01

Strategic purchasing in healthcare services is a key component in improving health system performance, and it has been one of the most important issues in health system reform around the world, especially Europe in the last decade. Iran health system and insurance, although sometimes considered the issue of strategic purchasing goals, has not been made possible to achieve or even to implement, due to the associated problems. To determine the associated problems of strategic purchasing in the Iran Health Insurance Organization (IHIO). This study is a qualitative study, and framework analysis which was conducted in Iran in 2014-15. The participants in this study were 34 individuals from decision-makers and executives in the IHIO purchasing process, and university experts who have been chosen purposefully. This study conducted frame analysis, by using MAXQDA 10. The findings included associated problems of IHIO strategic purchasing in 12 themes and 65 subthemes. The themes included: Laws and regulations for purchasing, Organization of purchasing, Qualified and authorized providers, Right type of services, Right type of contracts, Target groups for purchasing, Resources allocation, financing and pricing system, Purchasing as improving performance and quality, Purchasing as shaping the market and competition, Purchasing as health progress state of people and society, Guided purchasing and stewardship of government, Structure of decision-making process in the health and welfare ministries. The findings of this study showed associated problems in IHIO strategic purchasing. To achieve strategic purchasing goals in Iran, identification of all issues and factors of the total insurers and health system sets which affect strategic purchasing is essential.

Estimating DoD Transportation Spending: Analyses of Contract and Payment Transactions

National Research Council Canada - National Science Library

Moore, Nancy Y; Chenoweth, Mary E; Reardon, Elaine; Grammich, Clifford A; Bullock, Arthur M; Mele, Judith D; Kofner, Aaron; Unger, Eric J

2007-01-01

.... This analysis of combined individual contracting action report (DD350) and PowerTrack (PT) data indicates that DoD has additional opportunities to leverage transportation spending, particularly where it uses tenders to purchase transportation services...

Consideration of consumer installation fees upon termination of concession contracts in the gas economy

International Nuclear Information System (INIS)

Schumacher, K.S.

1995-01-01

At the Fourth Conference of the Forum Institute on 18 and 19 January 1995 there was a motion to grant the electricity supply an exceptional status in takeover price negotiations in order to do justice to the cost-price coupling prescribed in that sector. This was intended to legitimatise the abandonment of all managerial, market-oriented methods of calculating the actual value of an electricity network. These ideas met with well-founded opposition of the same conference. In the gas economy cost-price coupling is less rigid because here price formation is largely determined by substitution competition with other energy carriers (mineral oil, district heating, electricity). In view of these circumstances the present article deals exclusively with the termination of gas concession contracts. Because of the affinity of Articles 9 and 10 of the General Terms of the Gas Supply to Article 9 and 10 of the General Terms of the Electricity Supply some of the thoughts presented here also apply to the electricity supply. However, the results found here for the gas economy cannot be transferred to the electricity economy without modification. (orig.) [de

An optimization model for natural gas supply portfolios of a power generation company

International Nuclear Information System (INIS)

Jirutitijaroen, Panida; Kim, Sujin; Kittithreerapronchai, Oran; Prina, José

2013-01-01

Highlights: ► An optimization model for daily operation of a natural gas-fired generation company is proposed. ► The model considers uncertainties in electricity price and natural gas price. ► The model is formulated to capture the hedging decisions by the company. ► The solution yields quantities of natural gas, generating schedule and purchasing quantities of electricity. ► Higher profit can be achieved by adapting inventory and production to the actual spot prices of natural gas and electricity. - Abstract: This paper considers a deregulated electricity market environment where a natural gas-fired generation company can engage in different types of contracts to manage its natural gas supply as well as trade on the electricity market. If the contracts are properly designed, they can protect the company from fluctuations in electricity price and demand, at some cost to the company’s expected profit. This reduction in profit can be mitigated by trading on the natural gas and electricity spot markets, but this trading activity may also sometimes result in losses. A stochastic programming model is formulated to capture the hedging decisions made by the company, as well as the interactions between the natural gas and electricity markets. The benefits offered by this approach for profit maximization in a variety of business scenarios, such as the case where the company can hold some amount of gas in storage are studied and presented. It is found that the stochastic model enables the company to optimize the electricity generation schedule and the natural gas consumption, including spot price transactions and gas storage management. Several managerial insights into the natural gas market, natural gas storage, and distribution profit are given

Facilitating major additions to gas pipeline capacity: innovative approaches to financing, contracting, and regulation

International Nuclear Information System (INIS)

Schlesinger, B.; George, R.

1997-01-01

The North American gas pipeline industry is in the process of changing from a highly regulated merchant business to a less-regulated, more competitive, transportation industry. This has changed the risk profiles of many companies. This study examined various innovative approaches to successfully financing major pipeline projects emphasizing pipeline capacity financing, contractual terms between shippers and pipelines, and regulatory developments. Besides suggesting options to enhance prospects for financing major pipeline expansion projects, the study also aimed at creating a better understanding of the regulatory market and commercial changes in the pipeline industry and their financing implications. The study also includes a review of the evolution in gas markets and a record of consultations with lenders, producers, marketers and users. Innovative financing, contracting and regulatory solutions are identified and assessed. 25 refs., 17 tabs., 16 figs

Coalbed gas development

International Nuclear Information System (INIS)

Anon.

1992-01-01

This book includes: Overview of coalbed gas development; Coalbed gas development in the West Coalbed gas development on Indian lands; Multi-mineral development conflicts; Statutory solutions to ownership disputes; State and local regulation; Environmental regulations; Status of the section 29 tax credit extension; Using the section 29 credit; Leasing coalbed gas prospects; Coalbed gas joint operating agreements and Purchase and sale agreements for coalbed gas properties

Purchasing portfolio usage and purchasing sophistication

NARCIS (Netherlands)

Gelderman, C.J.; Weele, van A.J.

2005-01-01

Purchasing portfolio models have caused considerable controversy in literature. Many advantages and disadvantages have been put forward, revealing a strong disagreement on the merits of portfolio models. This study addresses the question whether or not the use of purchasing portfolio models should

Panorama 2014 - The importance of underground storage in the security of European gas supplies

International Nuclear Information System (INIS)

Cornot-Gandolphe, Sylvie

2013-12-01

While European capacity for underground gas storage has increased by 16% over the last three years, levels of stock at the beginning of the 2013/2014 winter, in relation to capacity, are the lowest that have been seen since 2010; they represent only 84% of storage capacity. The suppliers of gas have no incentive to reserve storage capacity, for which the cost is considered too high in relation to the spread, currently very low, between the price of gas in winter and in summer. They also rely on sufficient gas supply thanks to other sources of flexibility available on the market: flexibility of production or imports, spot LNG purchases, purchases in the spot market... or even use of the storage capacities of neighbouring countries via European network interconnections. Yet, the 2013/2014 winter is beginning in a gas supply context in Europe that is more difficult: imports of LNG, which had already dropped sharply in 2012, have continued to contract, faced with increased competition from Asian buyers on the international LNG market. Gas imports from Norway are also declining following production limits in that country. Only Russia has strongly increased its exports to Europe in 2013. However, the dispute between Ukraine and Russia about the price of Russian gas delivered to Ukraine still raises the spectre of a threat to the European supply of Russian gas, nearly 60% of which transits via Ukraine. Under these circumstances, as demonstrated by the gas crises of 2006 and 2009 and the cold conditions of February 2012 and March/April 2013, storage is the most efficient means of securing the supply of gas providing, of course, that the storage sites are filled at the beginning of winter. (author)

The distribution contracts: an Iberian approach

Directory of Open Access Journals (Sweden)

Sónia de Carvalho

2016-12-01

Full Text Available The contracts of commercial distribution are indispensable legal instruments to the development of the economic activity. The distribution, since the industrial revolution, acquired autonomy, given the necessity of specialized intermediation to distribute good and products. In this process, the structural organization of the distribution process suffered mutations, starting to assume a set of activities aiming at adjusting demand to supply, including, among others, clients canvassing, after-sales services, financing and assumption of risks, advisory services, promotion and advertising. The insufficiency of traditional contracts of purchase and sales and commission to satisfy the distributive needs caused by the industrial revolution will justify the development of new contractual schemes, such us agency contract, commercial concession and franchising. The obligation of the distributer to ensure the interests of the producer and to promote the distribution of the goods and services of the producer, in the context of a lasting relation of cooperation between the parts, through which the distributer is incorporated, with greater or minor intensity, in the producer distribution network, allowed us to sustain, as affirmed in the Portuguese and European literature, that distribution contracts could be framed in the same legal category. These contracts, as contracts that were shaped by praxis, do not have, with exception of agency contract, a legal framework in Portugal and Spain. It has been discussed in literature if agency contract legal framework can be applied, by analogy, to the contracts that fit in the legal category of distribution contracts. This paper aims at analyzing the legal framework of contracts of distribution in these legal systems, with the purpose to discuss the analogical application of the agency contract to these contracts.

Earth Science Enterprise Scientific Data Purchase Project: Verification and Validation

Science.gov (United States)

Jenner, Jeff; Policelli, Fritz; Fletcher, Rosea; Holecamp, Kara; Owen, Carolyn; Nicholson, Lamar; Dartez, Deanna

2000-01-01

This paper presents viewgraphs on the Earth Science Enterprise Scientific Data Purchase Project's verification,and validation process. The topics include: 1) What is Verification and Validation? 2) Why Verification and Validation? 3) Background; 4) ESE Data Purchas Validation Process; 5) Data Validation System and Ingest Queue; 6) Shipment Verification; 7) Tracking and Metrics; 8) Validation of Contract Specifications; 9) Earth Watch Data Validation; 10) Validation of Vertical Accuracy; and 11) Results of Vertical Accuracy Assessment.

Evaluation of the value of availability and dispatchability in IPP contracts

International Nuclear Information System (INIS)

Camporeale, R.J.

1990-01-01

Consolidated Edison's resource plan relies on power from Independent Power Producers (IPPs) for a portion of future generation requirements. The additional restriction of obtaining this capacity through a bidding process requires the utility to evaluate a large number of potential contracts with different combinations of price, availability, and dispatchability. This paper discusses the theoretical considerations and outlines the methodology adopted for Consolidated Edison's first request for proposal. The value of an IPP contract is a function of the variable energy cost compared to the system avoided costs. For example, there is a value for availability only in those hours when contract cost is below the avoided cost and there is a penalty for non-dispatchability only in those hours when the contract cost is higher than the avoided cost. The best method to determine the value of an IPP contract would be to simulate the operation of the system with and without the IPP purchase using a perfect production cost model. In reality no model is perfect and there are trade-offs because not all aspects of system operation are captured. Performing a detailed production cost simulation for every proposal would be burdensome. Therefore, it was decided that a simplified methodology was needed. An additional benefit of a simplified approach is that the IPPs could score their own proposals and use this value as input into their final pricing scheme. The method developed relies on detailed production cost simulations to generate hourly avoided costs. A comparison of these avoided costs to the IPP variable costs becomes the basis for the calculation of the value of availability or dispatchability. This methodology can be applied consistently to all supply side resources; baseload or peaking, gas, oil or coal fired. This allows for the evaluation of all bid proposals on an equal basis

The challenges of strategic purchasing of healthcare services in Iran Health Insurance Organization: a qualitative study

Science.gov (United States)

Gorji, Hasan Abolghasem; Shojaei, Ali; Keshavarzi, Anahita; Zare, Hossein

2018-01-01

Background Strategic purchasing in healthcare services is a key component in improving health system performance, and it has been one of the most important issues in health system reform around the world, especially Europe in the last decade. Iran health system and insurance, although sometimes considered the issue of strategic purchasing goals, has not been made possible to achieve or even to implement, due to the associated problems. Objective To determine the associated problems of strategic purchasing in the Iran Health Insurance Organization (IHIO). Methods This study is a qualitative study, and framework analysis which was conducted in Iran in 2014–15. The participants in this study were 34 individuals from decision-makers and executives in the IHIO purchasing process, and university experts who have been chosen purposefully. This study conducted frame analysis, by using MAXQDA 10. Results The findings included associated problems of IHIO strategic purchasing in 12 themes and 65 subthemes. The themes included: Laws and regulations for purchasing, Organization of purchasing, Qualified and authorized providers, Right type of services, Right type of contracts, Target groups for purchasing, Resources allocation, financing and pricing system, Purchasing as improving performance and quality, Purchasing as shaping the market and competition, Purchasing as health progress state of people and society, Guided purchasing and stewardship of government, Structure of decision-making process in the health and welfare ministries. Conclusion The findings of this study showed associated problems in IHIO strategic purchasing. To achieve strategic purchasing goals in Iran, identification of all issues and factors of the total insurers and health system sets which affect strategic purchasing is essential. PMID:29629051

48 CFR 411.171 - Solicitation provisions and contract clauses.

Science.gov (United States)

2010-10-01

... provision at 452.211-70, Brand Name or Equal, in solicitations, other than those for construction, where “brand name or equal” purchase descriptions are used. (b) Contracting officers shall insert the clause at..., Attachment to Statement of Work/Specifications, when there are attachments to the description (statement of...

A Critical Analysis of Purchasing Arrangements in Kenya: The Case of the National Hospital Insurance Fund.

Science.gov (United States)

Munge, Kenneth; Mulupi, Stephen; Barasa, Edwine W; Chuma, Jane

2017-07-18

Purchasing refers to the process by which pooled funds are paid to providers in order to deliver a set of health care interventions. Very little is known about purchasing arrangements in low- and middle-income countries (LMICs), and certainly not in Kenya. This study aimed to critically analyse purchasing arrangements in Kenya, using the National Hospital Insurance Fund (NHIF) as a case study. We applied a principal-agent relationship framework, which identifies three pairs of principal-agent relationships (government-purchaser, purchaser-provider, and citizen-purchaser) and specific actions required within them to achieve strategic purchasing. A qualitative case study approach was applied. Data were collected through document reviews (statutes, policy and regulatory documents) and in-depth interviews (n=62) with key informants including NHIF officials, Ministry of Health (MoH) officials, insurance industry actors, and health service providers. Documents were summarised using standardised forms. Interviews were recorded, transcribed verbatim, and analysed using a thematic framework approach. The regulatory and policy framework for strategic purchasing in Kenya was weak and there was no clear accountability mechanism between the NHIF and the MoH. Accountability mechanisms within the NHIF have developed over time, but these emphasized financial performance over other aspects of purchasing. The processes for contracting, monitoring, and paying providers do not promote equity, quality, and efficiency. This was partly due to geographical distribution of providers, but also due to limited capacity within the NHIF. There are some mechanisms for assessing needs, preferences, and values to inform design of the benefit package, and while channels to engage beneficiaries exist, they do not always function appropriately and awareness of these channels to the beneficiaries is limited. Addressing the gaps in the NHIF's purchasing performance requires a number of approaches

Environmental assessment for the purchase of Russian low enriched uranium derived from the dismantlement of nuclear weapons in the countries of the former Soviet Union

International Nuclear Information System (INIS)

1994-01-01

The United States is proposing to purchase from the Russian Federation low enriched uranium (LEU) derived from highly enriched uranium (HEU) resulting from the dismantlement of nuclear weapons in the countries of the former Soviet Union. The purchase would be accomplished through a proposed contract requiring the United States to purchase 15,250 metric tons (tonnes) of LEU (or 22,550 tonnes of UF 6 ) derived from blending 500 metric tones uranium (MTU) of HEU from nuclear warheads. The LEU would be in the form of uranium hexafluoride (UF 6 ) and would be converted from HEU in Russia. The United States Enrichment Corporation (USEC) is the entity proposing to undertake the contract for purchase, sale, and delivery of the LEU from the Russian Federation. The US Department of Energy (DOE) is negotiating the procedure for gaining confidence that the LEU is derived from HEU that is derived from dismantled nuclear weapons (referred to as ''transparency),'' and would administer the transparency measures for the contract. There are six environments that could potentially be affected by the proposed action; marine (ocean); US ports of entry; truck or rail transportation corridors; the Portsmouth GDP; the electric power industry; and the nuclear fuel cycle industry. These environmental impacts are discussed

Environmental assessment for the purchase of Russian low enriched uranium derived from the dismantlement of nuclear weapons in the countries of the former Soviet Union

Energy Technology Data Exchange (ETDEWEB)

1994-01-01

The United States is proposing to purchase from the Russian Federation low enriched uranium (LEU) derived from highly enriched uranium (HEU) resulting from the dismantlement of nuclear weapons in the countries of the former Soviet Union. The purchase would be accomplished through a proposed contract requiring the United States to purchase 15,250 metric tons (tonnes) of LEU (or 22,550 tonnes of UF{sub 6}) derived from blending 500 metric tones uranium (MTU) of HEU from nuclear warheads. The LEU would be in the form of uranium hexafluoride (UF{sub 6}) and would be converted from HEU in Russia. The United States Enrichment Corporation (USEC) is the entity proposing to undertake the contract for purchase, sale, and delivery of the LEU from the Russian Federation. The US Department of Energy (DOE) is negotiating the procedure for gaining confidence that the LEU is derived from HEU that is derived from dismantled nuclear weapons (referred to as ``transparency),`` and would administer the transparency measures for the contract. There are six environments that could potentially be affected by the proposed action; marine (ocean); US ports of entry; truck or rail transportation corridors; the Portsmouth GDP; the electric power industry; and the nuclear fuel cycle industry. These environmental impacts are discussed.

Purchasing and Innovation

DEFF Research Database (Denmark)

Hanghøj, Astrid; Mols, Niels Peter

2015-01-01

In this paper we develop a number of hypotheses relating four purchasing capabilities to two measures of purchasings contribution to innovation. The hypotheses are tested with data collected through a websurvey completed by 321 purchasing professionals in Danish production companies. Our results...... show that integrative, relational, innovative,and intelligence capabilities are positively related to innovation. However, relational capabilities are not found to have significant effect on purchasings contribution to supply and practice innovation, i.e. new markets, new suppliers, and new purchasing...... practices. The relationship between intelligence capabilities and purchasings contribution to product and production innovations depends on the level of innovation capabilities....

Manufacturers’ Bids for WIC Infant Formula Rebate Contracts, 2003-2013

OpenAIRE

Oliveira, Victor; Davis, David

2015-01-01

The U.S. Department of Agriculture’s Special Supplemental Nutrition Program for Women, Infants, and Children (WIC) is the major purchaser of infant formula in the United States, and its mandatory rebate program saved WIC $1.9 billion in FY 2013. WIC State agencies are required by law to have competitively bid infant formula rebate contracts with infant formula manufacturers. Contracts are awarded to the manufacturer offering the WIC State agency the lowest net price (as determined by the manu...

Acceptance of selective contracting: the role of trust in the health insurer.

Science.gov (United States)

Bes, Romy E; Wendel, Sonja; Curfs, Emile C; Groenewegen, Peter P; de Jong, Judith D

2013-10-02

In a demand oriented health care system based on managed competition, health insurers have incentives to become prudent buyers of care on behalf of their enrolees. They are allowed to selectively contract care providers. This is supposed to stimulate competition between care providers and both increase the quality of care and contain costs in the health care system. However, health insurers are reluctant to implement selective contracting; they believe their enrolees will not accept this. One reason, insurers believe, is that enrolees do not trust their health insurer. However, this has never been studied. This paper aims to study the role played by enrolees' trust in the health insurer on their acceptance of selective contracting. An online survey was conducted among 4,422 people insured through a large Dutch health insurance company. Trust in the health insurer, trust in the purchasing strategy of the health insurer and acceptance of selective contracting were measured using multiple item scales. A regression model was constructed to analyse the results. Trust in the health insurer turned out to be an important prerequisite for the acceptance of selective contracting among their enrolees. The association of trust in the purchasing strategy of the health insurer with acceptance of selective contracting is stronger for older people than younger people. Furthermore, it was found that men and healthier people accepted selective contracting by their health insurer more readily. This was also true for younger people with a low level of trust in their health insurer. This study provides insight into factors that influence people's acceptance of selective contracting by their health insurer. This may help health insurers to implement selective contracting in a way their enrolees will accept and, thus, help systems of managed competition to develop.

Acceptance of selective contracting: the role of trust in the health insurer

Science.gov (United States)

2013-01-01

Background In a demand oriented health care system based on managed competition, health insurers have incentives to become prudent buyers of care on behalf of their enrolees. They are allowed to selectively contract care providers. This is supposed to stimulate competition between care providers and both increase the quality of care and contain costs in the health care system. However, health insurers are reluctant to implement selective contracting; they believe their enrolees will not accept this. One reason, insurers believe, is that enrolees do not trust their health insurer. However, this has never been studied. This paper aims to study the role played by enrolees’ trust in the health insurer on their acceptance of selective contracting. Methods An online survey was conducted among 4,422 people insured through a large Dutch health insurance company. Trust in the health insurer, trust in the purchasing strategy of the health insurer and acceptance of selective contracting were measured using multiple item scales. A regression model was constructed to analyse the results. Results Trust in the health insurer turned out to be an important prerequisite for the acceptance of selective contracting among their enrolees. The association of trust in the purchasing strategy of the health insurer with acceptance of selective contracting is stronger for older people than younger people. Furthermore, it was found that men and healthier people accepted selective contracting by their health insurer more readily. This was also true for younger people with a low level of trust in their health insurer. Conclusion This study provides insight into factors that influence people’s acceptance of selective contracting by their health insurer. This may help health insurers to implement selective contracting in a way their enrolees will accept and, thus, help systems of managed competition to develop. PMID:24083663

Gas directive. Which deregulation for France

International Nuclear Information System (INIS)

1999-09-01

This study deals with the following aspects of natural gas market: deregulation of the French market; status and perspectives of the gas market: overview of the gas supplies in Europe at the 2010/2015 vista; situation of regulations: status of the gas directive at the European level and impact on member states market, transposition of the gas directive in France: present day legislation, main stakes and situation of the dialogue with the actors; consequences and actors' strategy: testimony of suppliers, past and future situation, development of new activities in the gas/power industry, possible contractual evolutions, position of the supplier; testimony of clients: new suppliers, new contracts, new risks; legal stakes for the clients: impact of deregulation on contracts, future contractual organization of the market, evolution of 'take or pay' contracts, impairment of contracts obligations, negotiation of supply contracts. (J.S.)

Opening of the French gas market

International Nuclear Information System (INIS)

Tordjman, F.; Vivies, P. de; Pariente-David, S.; Zagury, Ph.; April, F.; Guenaire, M.; Greiveldinger, H.; Rottenberg, J.; Lemaire, Ch.; Gentou, H.; Lesaffre, Th.; Besnault, J.; Martin, S.; Mouton, F.R.; Boulanger, Ph.

2003-05-01

The following topics are discussed: the national and european regulation framework; the french market opening forms; the impacts (purchase policy) on the actors (big industrial groups) and the contracts. (A.L.B.)

Natural gas imports and exports. First quarter report 1994

Energy Technology Data Exchange (ETDEWEB)

1994-08-01

The Office of Fuels Programs Prepares quarterly reports Summarizing the data provided by companies authorized to import or export natural gas. Companies are required, as a condition of their authorizations, to file quarterly reports with the OFP. This report is for the first quarter of 1994 (January--March). Attachment A shows the percentage of takes to maximum firm contract levels and the weighted average per unit price for each of the long-term importers during the five most recent reporting quarters. Attachment B shows volumes and prices of gas purchased by long-term importers and exporters during the past twelve months. Attachment C shows volume and price information for gas imported on a short-term basis. Attachment D shows the gas exported on a short-term basis to Canada and Mexico. During the first three months of 1994, data indicates that gas imports grew by about 14 percent over the level of the first quarter of 1993 (668 vs. 586 Bcf), with Canadian and Algerian imports increasing by 12 and 53 percent, respectively. During the same time period, exports declined by 15 percent (41 vs. 48 Bcf). Exports to Canada increased by 10 percent from the 1993 level (22 vs. 20 Bcf) and exports to Mexico decreased by 64 percent (5 vs. 14 Bcf).

Natural gas imports and exports; Fourth quarterly report, 1993

Energy Technology Data Exchange (ETDEWEB)

NONE

1993-12-31

The Office of Fuels Programs prepares quarterly reports summarizing the data provided by companies authorized to import or export natural gas. Companies are required, as a condition of their authorizations, to file quarterly reports with the OFP. This report is for the fourth quarter of 1993 (October--December). Attachment A shows the percentage of takes to maximum firm contract levels and the weighted average per unit price for each of the long-term importers during the 5 most recent reporting quarters. Attachment B shows volumes and prices of gas purchased by long-term importers and exporters during the past 12 months. Attachment C shows volume and price information for gas imported on a short-term basis. Attachment D shows the gas exported on a short-term basis to Canada and Mexico. During 1993, data indicates gas imports grew by about 10 percent over the 1992 level (2328 vs. 2122 Bcf), with Canadian and Algerian imports increasing by 8 and 82 percent, respectively. During the same time period, exports declined by 41 percent (144 vs. 243 Bcf). Exports to Canada decreased 47 percent from the 1992 level (50 vs. 95 Bcf) and exports to Mexico decreased by 60 percent (38 vs. 95 Bcf).

Do you know when you have agreed to a deal?

International Nuclear Information System (INIS)

Lee, G.L.

1999-01-01

Some basic concepts of contract law within the oil and gas industry are summarized, emphasizing (1) offer and acceptance, (2) consideration, (3) revocation, and (4) certainty. Most purchase and sale agreements in the oil and gas industry begin as letters of intent which form the basis of the formal contract of purchase and sale. Accordingly, the paper presents a summary of the most common issues regarding the enforceability of letters of intent. Principal points to watch for are: (1) existence of conditions, (2) contemplation of subsequent formal contract to be executed, (3) requirement for Board approval, (4) additional due diligence, and (5) lack of certainty. The bid process and 'no shop covenants' are also reviewed

Tariffs for natural gas, heat, electricity and cogeneration in 1998

International Nuclear Information System (INIS)

1998-03-01

The rate of return of the combined generation of heat and power is not only determined by the capital expenditures and the costs of maintenance, control, management and insurance, but also by the fuel costs of the cogeneration installation and the avoided fuel costs in case of separated heat production, the avoided/saved costs of electricity purchase, and the compensation for possible supply to the public grid (sellback). This brochure aims at providing information about the structure of natural gas and electricity tariffs to be able to determine the three last-mentioned expenditures. First, attention is paid to the tariffs of natural gas for large-scale consumers, the tariff for cogeneration and horticulture, and natural gas supply contracts. Next, the structure of the electricity tariffs is dealt with in detail, discussing the accounting system within the electric power sector, the tariffs and compensations for large-scale consumers and specific large-scale consumers, electricity sellback tariffs, and compensations for reserve capacity. Also attention will be paid to tariffs for electricity transport. Finally, several taxes, excises and levies that have a direct or indirect impact on natural gas tariffs, are discussed. 9 refs

Cross-border issues that arise in conjunction with the execution of U.S.-Canadian natural gas contracts

International Nuclear Information System (INIS)

Martin, J. G.

1999-01-01

Development of the U.S.-Canadian natural gas market as it is today and the issues that may arise in cross-border transactions involving natural gas contracts between the two countries are reviewed. In this context, the paper reviews recent history of U.S.-Canadian trade relations culminating in the development of NAFTA, the U.S. regulatory and legislative framework surrounding cross-border natural gas transactions, and general U.S. foreign trade policy that may come into play at the U.S.- Canada border. The paper also examines certain issues arising in the U.S. commercial context that may be of interest to Canadian corporations, specifically the U.S. Uniform Commercial Code, state jurisdiction on the U.S. side of the border, state and federal tax concerns, and the mechanics and potential benefits for a Canadian parent company in forming a U.S.-based subsidiary to handle U.S.-Canada natural gas transactions. 71 refs

Context matters in NGO-government contracting for health service delivery: a case study from Pakistan.

Science.gov (United States)

Zaidi, Shehla; Mayhew, Susannah H; Cleland, John; Green, Andrew T

2012-10-01

Contracting non-governmental organizations (NGOs) for health service provision is gaining increasing importance in low- and middle-income countries. However, the role of the wider context in influencing the effectiveness of contracting is not well studied and is of relevance given that contracting has produced mixed results so far. This paper applies a policy analysis approach to examine the influence of policy and political factors on contracting origin, design and implementation. Evidence is drawn from a country case study of Pakistan involving extensive NGO contracting for human immunodeficiency virus (HIV) prevention services supported by international donor agencies. A multilevel study was conducted using 84 in-depth interviews, 22 semi-structured interviews, document review and direct observation to examine the national policy design, provincial management of contracting and local contract implementation. There were three main findings. First, contracting origin and implementation was an inherently political process affected by the wider policy context. Although in Pakistan a combination of situational events successfully managed to introduce extensive and sophisticated contracting, it ran into difficulties during implementation due to ownership and capacity issues within government. Second, wide-scale contracting was mis-matched with the capacity of local NGOs, which resulted in sub-optimal contract implementation challenging the reliance on market simulation through contracting. Third, we found that contracting can have unintended knock-on effects on both providers and purchasers. As a result of public sector contracts, NGOs became more distanced from their grounded attributes. Effects on government purchasers were more unpredictable, with greater identification with contracting in supportive governance contexts and further distancing in unsupportive contexts. A careful approach is needed in government contracting of NGOs, taking into account acceptance of

Contract Management Process Maturity: Empirical Analysis of Organizational Assessments

Science.gov (United States)

2009-08-27

with the National Contract Management Association (NCMA), a Certified Purchasing Manager ( CPM ) with the Institute for Supply Management (ISM), and a...include advertising procurement opportunities, conducting industry and pre-proposal conferences, and amending solicitation documents as required. 4...with organizational core processes include advertising procurement opportunities, conducting solicitation and pre-proposal conferences, and amending

A critical review of Iran's buyback contracts

International Nuclear Information System (INIS)

Groenendaal, Willem J.H. van; Mazraati, Mohammad

2006-01-01

Iran's oil and gas industry requires investments of US$ 15 billion in the short term and over US$70 billion in the medium term. Iran tries to interest international oil companies (IOC) in investing in Iran's oil and gas business by offering buyback contracts. Under a buyback contract an IOC invests and when production starts, the field is handed over to the National Iranian Oil Company (NIOC) or one of its representatives. The IOC gets its costs and an agreed upon profit paid out of the oil and/or gas gross profits, assuming the field produces as agreed upon and the international energy prices are high enough. According to the Iranian government, the buyback contract contains sufficient incentives for an IOC to invest in Iran. The IOCs, however, disagree. They claim that they solely bare the risks in a buyback contract, whereas the Iranian counterpart receives all windfall profits. Furthermore, the IOCs claim that the utilisation of Iran's oil and gas reserves will be sub-optimal if they are not involved in optimising long-term recovery. In this paper, we investigate these claims and show that they are partly correct. Given Iran's need for investment capital, Iran might have to change its policy

ONLINE PRODUCT PURCHASE WITH DONATION PURPOSES: THE ROLE OF DONATION MOTIVATIONS AND ONLINE PURCHASE ELEMENTS ON PURCHASE INTENTION

Directory of Open Access Journals (Sweden)

Muhammet Ali TİLTAY

2017-04-01

Full Text Available Nonprofit organizations provide products and services via online shopping websites in order to procure financial sources. The consumers that purchase these products and services both make donations and fulfill their needs. This study examines the role of donation motivations and online purchase elements on purchase intention. The study, which has been conducted via taking the online store of the Foundation for Children with Leukemia, lsvdukkan.com, has found out that the online purchase elements (trust, usefulness, interactivity and altruism motivation are effective on purchase intention. The results of the study will be able to create effective sale strategies for the online stores of nonprofit organizations.

ONLINE PRODUCT PURCHASE WITH DONATION PURPOSES: THE ROLE OF DONATION MOTIVATIONS AND ONLINE PURCHASE ELEMENTS ON PURCHASE INTENTION

OpenAIRE

Muhammet Ali TİLTAY; Behçet Yalın ÖZKARA

2017-01-01

Nonprofit organizations provide products and services via online shopping websites in order to procure financial sources. The consumers that purchase these products and services both make donations and fulfill their needs. This study examines the role of donation motivations and online purchase elements on purchase intention. The study, which has been conducted via taking the online store of the Foundation for Children with Leukemia, lsvdukkan.com, has found out that the online purchase eleme...

Proposal for the award of an industrial services contract for maintenance of fire and gas detection and evacuation alarm systems

CERN Document Server

2001-01-01

This document concerns the award of an Industrial Services contract for maintenance of fire and gas detection and evacuation alarm systems. Following a market survey carried out among 48 firms in fourteen Member States, a call for tenders (IT-2818/ST) was sent on 15 December 2000 to four firms and three consortia, each consisting of two firms, in five Member States. By the closing date, CERN had received tenders from one firm and three consortia in four Member States. The Finance Committee is invited to agree to the negotiation of a contract with the consortium SCHRACK SECONET (AT) - SOTEB (FR), the lowest bidder, for an initial period of three years from 1 October 2001 for an amount not exceeding 5 800 000 Swiss francs, not subject to revision. The contract will include options for two one-year extensions beyond the initial three-year period. The consortium has indicated the following distribution by country of the contract value covered by this adjudication proposal: AT-50%, FR-50%.

Association between store food environment and customer purchases in small grocery stores, gas-marts, pharmacies and dollar stores.

Science.gov (United States)

Caspi, Caitlin E; Lenk, Kathleen; Pelletier, Jennifer E; Barnes, Timothy L; Harnack, Lisa; Erickson, Darin J; Laska, Melissa N

2017-06-05

Purchases at small/non-traditional food stores tend to have poor nutritional quality, and have been associated with poor health outcomes, including increased obesity risk The purpose of this study was to examine whether customers who shop at small/non-traditional food stores with more health promoting features make healthier purchases. In a cross-sectional design, data collectors assessed store features in a sample of 99 small and non-traditional food stores not participating in the Special Supplemental Nutrition Program for Women, Infants, and Children (WIC) in Minneapolis/St. Paul, MN in 2014. Customer intercept interviews (n = 594) collected purchase data from a bag check and demographics from a survey. Store measures included fruit/vegetable and whole grain availability, an overall Healthy Food Supply Score (HFSS), healthy food advertisements and in-store placement, and shelf space of key items. Customer nutritional measures were analyzed using Nutrient Databases System for Research (NDSR), and included the purchase of ≥1 serving of fruits/vegetables; ≥1 serving of whole grains; and overall Healthy Eating Index-2010 (HEI-2010) score for foods/beverages purchased. Associations between store and customer measures were estimated in multilevel linear and logistic regression models, controlling for customer characteristics and store type. Few customers purchased fruits and vegetables (8%) or whole grains (8%). In fully adjusted models, purchase HEI-2010 scores were associated with fruit/vegetable shelf space (p = 0.002) and the ratio of shelf space devoted to healthy vs. less healthy items (p = 0.0002). Offering ≥14 varieties of fruit/vegetables was associated with produce purchases (OR 3.9, 95% CI 1.2-12.3), as was having produce visible from the store entrance (OR 2.3 95% CI 1.0 to 5.8), but whole grain availability measures were not associated with whole grain purchases. Strategies addressing both customer demand and the availability of healthy food

Legal issues relating to the Ontario FIT contract - An update

International Nuclear Information System (INIS)

Weizman, Michael

2011-01-01

The paper discusses the legal issues related to the Ontario FIT contract, which includes the FIT waiver agreement, WTO challenge, FIT extension, political risk assessment and issues related to unforeseen events beyond human control (force majeure). The risk of termination of the FIT waiver is omitted for convenience by OPA but timing implications relating to the FIT waiver are included. The binding agreement for supply of generating equipment is also presented and the term sheet for turbine equipment and bill of purchase being understood as binding agreements is questioned. Political risks relate to existing contracts, lawsuit risks and changes to the REA process. Change in government and the implications of minority government can be added to the political risks. A successful WTO challenge has been assumed and the possible implications are discussed. Some of them include risk to FIT contracts already issued; changes in DC requirements and in FIT contract pricing and re-pricing of construction and turbine equipment supply contracts if DC requirements are relaxed.

The oil and gas equipment and services market in Bolivia

International Nuclear Information System (INIS)

2003-01-01

The economy of Bolivia is based mainly on agriculture and resource extraction, making Bolivia one of the poorest countries in Latin America. Approximately 14 per cent of exports are hydrocarbons. Starting in 1996, the oil and gas sector was privatised, resulting in the domination of multinational corporations. It is estimated that the natural gas reserves of Bolivia stand in excess of 2.2 trillion cubic metres. Equipment, materials, and services used in all stages of the oil and gas production and distribution chain are all in demand in Bolivia. Over the medium term, it is expected that pipelines and equipment required for gas-fired power plants represent the most important opportunity in the country. Incentives for vehicle and industrial conversion were included in the new domestic energy plan, as well as the extension of the domestic gas distribution system to 250,000 homes. Canadian geomatics capability could fill the requirements concerning the Bolivian oil and gas assets still in the exploration, development, and documentation stages. Companies with exploration and development contracts, companies producing from commercial fields, refinery operators, producers in the liquid propane gas and compressed natural gas sub-sector, as well as pipeline operators are all considered key players, in addition to the Bolivian Chamber of Hydrocarbons. The customers are sophisticated buyers who purchase based on technical specifications and price negotiations. There are no significant non-tariff barriers, and Bolivia has adopted liberal trade policies. 9 refs., 3 tabs

Achieving Consumer Purchase Payoffs: A Used Car Purchase.

Science.gov (United States)

Maynes, E. Scott; Maynes, Blanche R.

1997-01-01

This case study of a used car purchase illuminates the concepts and principles that should guide purchase decisions. It suggests that consumers should be aware there is little correlation between price and quality; competent shopping yields better quality; and consumers must decide their preferred trade-off between price and quality. (SK)

The effects of rebate contracts on the health care system.

Science.gov (United States)

Graf, Julia

2014-06-01

Group purchasing organizations gain increasing importance with respect to the supply of pharmaceutical products and frequently use multiple, exclusive or partially exclusive rebate contracts to exercise market power. Based on a Hotelling model of horizontal and vertical product differentiation, we examine the controversy around whether a superior rebate scheme exists, as far as consumer surplus, firms' profits and total welfare are concerned. We find that firms clearly prefer partially exclusive over multiple, and multiple over exclusive rebate contracts. In contrast, no rebate form exists that lowers total costs per se for the consumers or maximizes total welfare.

Purchasing Power and Purchasing Strategies - Insights From the Humanitarian Sector

OpenAIRE

Pazirandeh, Ala

2014-01-01

In this dissertation, we discuss how buyers practice purchasing strategies in an asymmetric power situation favoring suppliers, and how their purchasing strategies practiced impact their purchasing power and buyer-supplier relationships. Organizations enter exchange relationships to access required resources not produced internally, and are exposed to uncertainty from not being able to fully control or predict flow of resources. Consequently they become dependent on their partners. Their leve...

Natural gas marketing and transportation

International Nuclear Information System (INIS)

Anon.

1991-01-01

This book covers: Overview of the natural gas industry; Federal regulation of marketing and transportation; State regulation of transportation; Fundamentals of gas marketing contracts; Gas marketing options and strategies; End user agreements; Transportation on interstate pipelines; Administration of natural gas contracts; Structuring transactions with the nonconventional source fuels credit; Take-or-pay wars- a cautionary analysis for the future; Antitrust pitfalls in the natural gas industry; Producer imbalances; Natural gas futures for the complete novice; State non-utility regulation of production, transportation and marketing; Natural gas processing agreements and Disproportionate sales, gas balancing, and accounting to royalty owners

The Impact of Tax Reform on New Car Purchases in Ireland

NARCIS (Netherlands)

Hennessy, H.; Tol, R.S.J.

2011-01-01

We examine the impact of recent tax reforms in Ireland on private car transport and its greenhouse gas emissions. A carbon tax was introduced on fuels, and purchase (vehicle registration) and ownership (motor) taxes were switched from engine size to potential emissions. We use a demographic model of

48 CFR 552.238-79 - Use of Federal Supply Schedule Contracts by Certain Entities-Cooperative Purchasing.

Science.gov (United States)

2010-10-01

... Conditions that specifies “Compliance with laws unique to Government contracts” (which applies only to... authorized by law, parties to this new contract are encouraged to resolve disputes through Alternative... the Contractor under the contract formed by acceptance of the ordering activity's order, without...

Gas supply planning for new gas-fired electricity generation facilities

International Nuclear Information System (INIS)

Slocum, J.C.

1990-01-01

This paper explores several key issues in gas supply planning for new gas fired electric generation facilities. This paper will have two main sections, as follows: developing the gas supply plan for a gas-fired electricity generation facility and exploring key gas supply contract pricing issues

Financial aspects of the consolidation of the US oil and gas industry in the 1980's

Energy Technology Data Exchange (ETDEWEB)

1989-05-02

The US oil and gas industry has made adjustments to the decline in oil prices in the 1980's. These adjustments include the reduction of exploration and development activity, the exiting of companies from the market, and the consolidation of the control of oil and gas reserves by the surviving companies. During the consolidation of the US oil and gas industry in the 1980's, purchases of reserves became prominent as a means of replacing oil and gas production among surviving companies. For the 1982 through 1986 period purchases of proved reserves accounted for 35% of US oil and gas reserve additions by the 22 major petroleum companies (and nearly 40% for independent and major companies combined). By contrast, over the 5-year period 1977 through 1981, only 12% of reserve additions by the majors were gained through purchases. (Data for the independents for 1977 through 1981 are not available.) For the 1982 through 1986 period of declining oil prices, surviving companies tended to fall into two distinct groups: those that depended heavily on reserve purchases to augment their US oil and gas reserves (the high purchase group), and those that relied largely on their own exploration and development efforts to replace their US oil and gas production (the low purchase group). This study investigates economic factors associated with the consolidation of the US oil and gas industry by comparing the characteristics and performance of the high purchase and low purchase groups of companies. Two alternative hypotheses are considered as possible explanations of the driving force for the consolidation. 2 figs., 8 tabs.

Achieving universal health coverage goals in Thailand: the vital role of strategic purchasing.

Science.gov (United States)

Tangcharoensathien, Viroj; Limwattananon, Supon; Patcharanarumol, Walaiporn; Thammatacharee, Jadej; Jongudomsuk, Pongpisut; Sirilak, Supakit

2015-11-01

Strategic purchasing is one of the key policy instruments to achieve the universal health coverage (UHC) goals of improved and equitable access and financial risk protection. Given favourable outcomes of Universal Coverage Scheme (UCS), this study synthesized strategic purchasing experiences in the National Health Security Office (NHSO) responsible for the UCS in contributing to achieving UHC goals. The UCS applied the purchaser-provider split concept where NHSO, as a purchaser, is in a good position to enforce accountability by public and private providers to the UCS beneficiaries, through active purchasing. A comprehensive benefit package resulted in high level of financial risk protection as reflected by low incidence of catastrophic health spending and impoverished households. The NHSO contracted the District Health System (DHS) network, to provide outpatient, health promotion and disease prevention services to the whole district population, based on an annual age-adjusted capitation payment. In most cases, the DHS was the only provider in a district without competitors. Geographical monopoly hampered the NHSO to introduce a competitive contractual agreement, but a durable, mutually dependent relationship based on trust was gradually evolved, while accreditation is an important channel for quality improvement. Strategic purchasing services from DHS achieved a pro-poor utilization due to geographical proximity, where travel time and costs were minimal. Inpatient services paid by Diagnostic Related Group within a global budget ceiling, which is estimated based on unit costs, admission rates and admission profiles, contained cost effectively. To prevent potential under-provisions of the services, some high cost interventions were unbundled from closed end payment and paid on an agreed fee schedule. Executing monopsonistic purchasing power by NHSO brought down price of services given assured quality. Cost saving resulted in more patients served within a finite

48 CFR 552.238-80 - Use of Federal Supply Schedule Contracts by Certain Entities-Recovery Purchasing.

Science.gov (United States)

2010-10-01

... disaster recovery purchasing is accessible in GSA's Schedules e-Library at Web site http://www.gsaelibrary... 48 Federal Acquisition Regulations System 4 2010-10-01 2010-10-01 false Use of Federal Supply... Acquisition Regulations System GENERAL SERVICES ADMINISTRATION CLAUSES AND FORMS SOLICITATION PROVISIONS AND...

Contraction of the solar nebula

International Nuclear Information System (INIS)

Rawal, J.J.

1984-01-01

The concept of Roche limit is applied to the Laplacian theory of the origin of the solar system to study the contraction of a spherical gas cloud (solar nebula). In the process of contraction of the solar nebula, it is assumed that the phenomenon of supersonic turbulent convection is operative and brings about the halt at various stages of contraction. It is found that the radius of the contracting solar nebula follows the Titius-Bode law. The consequences of the relation are also discussed. The aim is to attempt to explain, on the basis of the concept of Roche limit, the distribution of planets in the solar system and try to understand the physics underlying it. (Auth.)

The issue of contract system development

Directory of Open Access Journals (Sweden)

Obalyaeva Julia, I.

2015-09-01

Full Text Available The role of contract system and its institutions in the national economy, the development of public procurement, the rational use of budgetary funds is explored in the paper. Dynamics of purchases in electronic trading for 2011-2014 is given. Author's vision on the problems in the formation and development institutions such as tendering and organization of interaction of participants of procurement on an electronic platform is submitted. Among the institutions of the contract system stand out: the staff, the system of institutional relations, study, planning and regulation of public procurement, unified information system. The authors suggest possible ways of increasing the efficiency of electronic platforms, the formation of a unified information system. It addresses the issue of affiliation of the bidders, its content, assesses customer actions on the part of the Federal Antimonopoly Service.

13 CFR 121.402 - What size standards are applicable to Federal Government Contracting programs?

Science.gov (United States)

2010-01-01

... Size Eligibility Requirements for Government Procurement § 121.402 What size standards are applicable... being purchased. Other factors considered include previous Government procurement classifications of the... to Federal Government Contracting programs? 121.402 Section 121.402 Business Credit and Assistance...

Economic utility resulting from CERN contracts (second study)

International Nuclear Information System (INIS)

Bianchi-Streit, M.; Blackburne, N.; Budde, R.; Reitz, H.; Sagnell, B.; Schorr, B.; Schmied, H.

1985-01-01

The study attempts to quantify the economic benefit to high technology manufacturing industries involved in CERN contracts, in relation to their sales to CERN. It covers the period 1973-87 and complements an earlier study made in 1973-75 (see CERN Report 75-5). Interviews were carried out in 160 European firms, who supplied estimates of increased sales and cost savings due to CERN contracts. This economic utility totals 3107 million Swiss francs (up to the year 1987), compared to sales to CERN amounting to 748 million Swiss francs in 1982 prices. It is estimated that, by 1987, CERN's high technology purchases made in 1973-82 will have generated Economic high technology purchases made in 1973-82 will have generated Economic Utility amounting to about 60% of the overall cost of the Organization during the same period. In 1982, about 75% of the increased turnover due to CERN resulted from sales to markets outside high energy particle physics, for example, railways, shipbuilding, refrigeration, power generation and distribution, and health care. The quantification model used is discussed in detail and some specific cases are presented as examples. The industrial managers interviewed during both studies have confirmed that the forecasts made ten years ago were, on average, accurate. (orig.)

Effect of Energy Efficiency Standards on Natural Gas Prices

Energy Technology Data Exchange (ETDEWEB)

Carnall, Michael; Dale, Larry; Lekov, Alex

2011-07-26

A primary justification for the establishment of energy efficiency standards for home appliances is the existence of information deficiencies and externalities in the market for appliances. For example, when a long-term homeowner purchases a new gas-fired water heater, she will maximize the value of her purchase by comparing the life-cycle cost of ownership of available units, including both total installed cost - purchase price plus installation costs - and operating cost in the calculus. Choice of the appliance with the lowest life-cycle costs leads to the most economically efficient balance between capital cost and fuel cost. However, if the purchaser's expected period of ownership is shorter than the useful life of the appliance, or the purchaser does not pay for the fuel used by the appliance, as is often the case with rental property, fuel cost will be external to her costs, biasing her decision toward spending less on fuel efficiency and resulting in the purchase of an appliance with greater than optimal fuel usage. By imposing an efficiency standard on appliances, less efficient appliances are made unavailable, precluding less efficient purchases and reducing fuel usage. The reduction in fuel demanded by residential users affects the total demand for such fuels as natural gas, for example. Reduced demand implies that residential customers are willing to purchase less gas at each price level. That is, the demand curve, labeled D{sub 0} in Figure 1, shifts to the left to D{sub 1}. If there is no change in the supply function, the supply curve will intersect the demand curve at a lower price. Residential demand is only one component of the total demand for natural gas. It is possible that total demand will decline very little if demand in other sectors increases substantially in response to a decline in the price. If demand does decrease, modeling studies generally confirm the intuition that reductions in demand for natural gas will result in reductions

Issues in contracting with small minority businesses

Energy Technology Data Exchange (ETDEWEB)

Wood, M.T.; Radford, M.L.; Saari, L.M.; Wright, J.

1986-04-01

The focus of this investigation was to identify issues central to increasing the involvement of small minority businesses (MBs) in federal or prime contracts with the Department of Energy (DOE), as a foundation for designing a program to assist buyers of contracted goods and services. The approach to determining issues involved interviewing the owners of 15 MBs, representing a range of businesses, and buyers and purchasing officers from three large DOE prime contractors. The interviewees identified issues related to positive working relationships and rated a predetermined set of 27 potential MB-DOE problems regarding their existence and criticalness. The issues identified by MBs were of two broad types. The predominant issues and barriers were associated with their being small businesses. Secondary issues reflected the disadvantaged status of the business (woman and/or minority-owned).

How much due diligence is enough? (in oil and gas property transactions)

International Nuclear Information System (INIS)

Edie, D.C.

1999-01-01

The issue of due diligence for oil and gas property transactions was discussed, with particular emphasis on how to find an appropriate balance between cost and protection (risk aversion) within an available time period. The paper focused primarily on oil and gas reserves transactions comprised of petroleum and natural gas rights, leases, operating and title documents, tangibles and the regulatory authorizations needed to acquire, hold and operate these assets. Various concerns related to gas processing plants and pipeline facilities were also treated. Issues of due diligence that should always be raised were emphasized. These are: (1) acceptability of the purchaser to the Alberta Energy and Utilities Board or other regulators as an operator for the purposes of transfer of well and facility licenses, (2) assessment of the purchaser's financial status for environmental liabilities relating to the assets following closing, (3) in an asset swap, property due diligence will be the same for both parties, and (4) where the assets are sold in exchange for stock, the purchaser should at least address concerns about the purchaser's liquidity, the purchaser's underlying asset value, and necessary regulatory authorizations to issue the stock. 10 refs

Natural gas power generation: interruptible gas distribution network regulation; Geracao termoeletrica a gas natural: regulacao do segmento interruptivel de distribuicao de gas canalizado

Energy Technology Data Exchange (ETDEWEB)

Paula, Claudio Paiva de; Kann, Zevi [Agencia Reguladora de Saneamento e Energia do Estado de Sao Paulo (ARSESP), SP (Brazil)

2008-07-01

The paper relates studies regarding the natural gas distribution network interruptible branch. This new service can be appropriate for thermal power generation on flexible dispatch mode, as 'take or pay' contracts surplus jobs. The paper indicates no regulatory restraints in an interruptible network implantation. The final conclusion is that interruptible contracts can be an improvement on the distribution business and certainly can accommodate a suitable demand and supply volumes in the long-term gas market balance. (author)

[Central purchasing bodies and spending review in health sector].

Science.gov (United States)

Spampinato, Luigi

2017-01-01

The aim of this paper is to analyze the new model of centralization of purchases in Italy after the approval of the 2016 Stability Law, with particular reference to the health sector. In fact, the spending review process in Italy in the health sector has had a strong evolution with the 2016 Stability Law, which has introduced the obligation for the institutions of the National Health Service to obtain supplies, exclusively, from aggregators subjects, for certain product categories of the health sector. The legislature, over the years, was mainly characterized by measures to reduce the spending limits for purchases of goods and services or by resetting the fees, including the provision of an obligation for the renegotiation of health goods and services contracts, in order to ensure the effective implementation of the expenditure rationalization by aggregation of goods and services. From 2016, the legislature has provided an innovative model of centralization of purchases based on a new network governance model on several levels, national and regional, which should ensure an efficiency of procurement processes. The proper functioning of the governance model adopted can be an important driver of economic policy in order to understand that it is important not only to spend less, but to spend better. This can be realized in the public administration with a strong innovation process in this administration and also with a strong investment in skills, in order to ensure the same service quality throughout the national territory to the health sector.

Power options: the Massachusetts nonprofit energy purchasers consortium

International Nuclear Information System (INIS)

Hayes, J.

1999-01-01

A series of overhead viewgraphs described some of the topics that were discussed at this workshop. A corporate review of the Massachusetts Health and Educational Facilities Authority (HEFA) was presented. HEFA was formed in 1968 to provide cost savings in electric bills to health, education, cultural and other non profit organizations. The methods that HEFA uses to achieve this goal is to provide energy services with either fixed prices or with two-year or five-year options. Since their creation HEFA has a total of 100 signed natural gas contracts and 300 signed electricity contracts

Decree no. 2003-885 from September 10, 2003 enforcing the article 8 bis of law no. 46-628 from April 8, 1946 about the nationalization of electricity and gas; Decret no. 2003-885 du 10 septembre 2003 portant application de l'article 8 bis de la loi no. 46-628 du 8 avril 1946 sur la nationalisation de l'electricite et du gaz

Energy Technology Data Exchange (ETDEWEB)

NONE

2003-09-01

This decree concerns the enforcement of the law from April 8, 1946 about the nationalization of gas and electricity, in order to regularize the situation of some autonomous power generation facilities which have not been requisitioned so far. The decree treats more particularly of the abrogation and suspension of the contracts in progress with the power purchasers. (J.S.)

Do Institutional Logics Predict Interpretation of Contract Rules at the Dental Chair-side?

DEFF Research Database (Denmark)

Harris, Rebecca; Brown, Stephen; Holt, Robin

2014-01-01

understands opportunism as fully rational, individual responses selecting maximally efficient outcomes from a set of possibilities. We take a more emotive and collective view of contracting, exploring the influence of institutional logics in relation to the opportunistic behaviour of dentists. Following...... earlier qualitative work where we identified four institutional logics in English general dental practice, and six dental contract areas where there was scope for opportunism; in 2013 we surveyed 924 dentists to investigate these logics and whether they had predictive purchase over dentists' chair...

Purchasing green to become greener: Factors influence consumers’ green purchasing behavior

Directory of Open Access Journals (Sweden)

Hosein Vazifehdoust

2013-09-01

Full Text Available This study proposes an integrated model that combines the Theory of Reasoned Action (TRA and two categories of variables, personal and marketing, to investigate the attitudinal and behavioral decision factors to purchase green products. The model derived and tested via structural equation modeling on a sample of 374 consumers from the Guilan province in Iran. The results show that attitude is explained by consumers’ environmental concern, quality of green products, green advertising and green labeling. The results of the structural equation analysis indicate that attitude positively influences intention to purchase green products. Green purchasing intention also influences on green purchasing behavior. This paper also discusses the implications of the results for marketers and researchers.

Contract Cheating in UK Higher Education: A Covert Investigation of Essay Mills

Science.gov (United States)

Medway, Dominic; Roper, Stuart; Gillooly, Leah

2018-01-01

Contract cheating is currently a concern for universities and the higher education (HE) sector. It has been brought into the spotlight in recent years through the growth of online essay mills, where students can easily commission and purchase written assessment responses. This study contributes to the wider literature on academic integrity in HE…

Tanzania’s oil and gas contract regime, investments and markets

DEFF Research Database (Denmark)

Bofin, Peter; Pedersen, Rasmus Hundsbæk

This paper analyses the development of Tanzania’s petroleum sector based on a review of laws and contracts. It provides an overview of current upstream activities and discusses the potential for the commercialisation of finds through the increasingly important midstream contracts that govern the ...

Gas suppliers meeting market opening

International Nuclear Information System (INIS)

Verberg, G.H.B.; Jaidah, N.K.; Eriksen, R.; Alvarez Pelegry, E.

2003-01-01

Natural gas, with its environmental advantages, will increase its development in the residential, professional and transportation markets. It will ensure the transition during the progressive implementation of more sustainable energy sources. This paper discusses some possible impacts of the deregulation on the future gas market (investments, risk management, competition, contracts). It is followed by a round table about the expectations of some gas producers (Qatar, Sweden) in front of the development of the European gas market (LNG projects, financing, contracts). (J.S.)

Revolution through electronic purchasing

NARCIS (Netherlands)

Telgen, Jan; Lamming, R.C.; Grickus, I.

1998-01-01

Automation is finding its way in the world of purchasing. This development could evoke dramatic effects in the long term, not only on purchasing but even on the market place itself. Nowadays, EDI and CD-ROM are examples of automation applications that purchasing departments use frequently. Internet

The pricing of natural gas in US markets

International Nuclear Information System (INIS)

Brown, S.P.A.; Yucel, M.K.

1993-01-01

Our econometric evidence indicates that changes in natural gas prices are unequal in the long run. Nonetheless, all downstream prices change by at least as much as the average well-head price. Statistically, residential and commercial prices change as much as the city gate price. In the face of persistent shocks, however, market institutions and market dynamics can lead to lengthy periods in which the residential and commercial prices of natural gas adjust less than the wellhead or city gate prices. Electrical and industrial users of natural gas rely heavily on spot supplies and can switch fuels easily. Their ability to switch fuels may be related to the development of a spot market to serve them. Reliance on the spot market may explain why these end users have seen a greater reduction in natural gas prices than have the LDCs over the past seven years. The ability to switch fuels may account for electrical and industrial prices being the source of shocks in their relationships with the wellhead price. It also may explain why prices in these end-sue markets are quick to adjust. Commercial and residential customers cannot switch fuels easily and rely heavily on LDCs for their natural gas. The inability of these end users to switch fuels probably contributes to the reluctance of LDCs to purchase spot supplies of gas. Reliance on contract supplies may explain why the city gate price has not declined as much as electrical and industrial prices of natural gas over the past seven years. Furthermore, the LDCs administer prices in the commercial and residential markets under state regulation

Norwegian gas on the European market

International Nuclear Information System (INIS)

Noreng, Oeystein

1999-01-01

Article. Norsk Hydro's acquisition of Saga has made the organization of Norwegian gas sales a very topical issue. Traditionally, Norwegian gas has been sold on long-term take-or-pay contracts where the sales volume is secured and the price is linked to the prices of other energy carriers, primarily oil. Norway has sold large volumes of gas to the continent and has an increasing share of the market. However, the long-term contracts place most of the price risk on the seller. Although the sale is guaranteed, earnings are low. Statoil, the largest seller of Norwegian gas, has so far earned much more by transporting the gas to the continent than by producing and selling it. The long-term take-or-pay contracts are no longer safe. In Germany, the power market is quickly opening for competition, implying falling prices and lapsing long-term contracts. A similar development is likely to occur in the gas market. From Norwegian quarters there has been little interest in establishing oneself in the gas markets on the continent, which worries the author. However, the traditional contracts will have to be renegotiated so that the prices will reflect the real competition in the market. It is argued that a sensible Norwegian strategy will be to prepare for a new world for gas, not to hold tight to historical positions. It is suggested that old plans to establish a gas transport company, Gassledd, should be revived. Such a company would be subject to the European Gas Directive and would have to admit a third party. It is likely that the Norwegian opposition to liberalization of the European gas market will one day appear poorly thought out, and that defensive considerations have overshadowed new opportunities

Optimization of portfolio of contracts for companies of electric power generation

International Nuclear Information System (INIS)

Gunn, Laura Keiko; Silva, Elisa Bastos; Correia, Paulo de Barros

2010-01-01

Portfolio optimization is a technique widely used to select investments in economic and financial zones. In the Brazilian Electric Market the portfolio models must consider not only different types of contracts used in the free market, but also different types of markets: the free market, the captive market and the spot market. Normally, the question is knowing which proportion of energy should be sold in each market, in order to maximize the return and minimize the risk. This article deals with a problem from the point of view of a power generator, where their objective is to maximize its profit, to serve their obligations regarding the delivery of energy and minimizing the risk associated with the occurrence of Spot Price - minimum (Spot Price). It is considered that the generator has flexible contracts and inflexible contracts to sell the energy. Inflexible contracts have delivery obligations of fixed energy and flexible contracts allow, the holder of the flexibility, to deliver or to receive an amount of variable energy. In this case, the holder of flexibility may be the purchaser or the generator. (author)

European Union gas market liberalization: a windfall effect for Russia?

International Nuclear Information System (INIS)

Riviere, Nicolas

2013-01-01

Natural gas has a growing importance in the European Union energy. However, because of the lack of resources in its territory, the EU is highly dependent on imports to meet its gas needs. In parallel, since 1998 the EU seeks the creation of a single and liberalized natural gas market. The aim of this thesis is to investigate whether the gas market liberalization can create a risk for importers' bargaining power and more widely to the gas security of supply of the EU. The first chapter provides an overview of the European gas market. It deals with the implementation of the process of gas market liberalization, the external dependency of the EU and the weakness of gas supply diversity. Using findings from the previous chapter, the second one proposes a model from the cooperative game theory to analyze the effects of the EU natural gas market liberalization on importers' bargaining power. It shows that the liberalization weakens importers' bargaining power vis-a-vis external suppliers, where Russia is the leader. It also shows that the implementation of a European gas purchasing agency offers a counter-power to the EU that balances bargaining power. The third chapter focuses on the development of LNG in the world and more specifically in the EU market. The development of LNG in Europe allows the entry of new operators on the upstream and, thus, increases competition among the EU's suppliers for the benefit of importers' bargaining power. The last chapter analyzes the impact of US shale gas development on the EU gas market. Thus, it shows that development is accompanied by an uncertainty about the future gas demand in the EU and by a reconsideration of the EU's long-term contracts. (author)

Strategies of materials sourcing and services in the oil and gas industry; Estrategias de suprimentos de materiais e servicos na industria de oil and gas

Energy Technology Data Exchange (ETDEWEB)

Aun, Rogerio [Arthur Andersen Business Consulting, Chicago, IL (United States)

2000-07-01

Strategic Sourcing is a procurement management technique that aims to establish a globally competitive supply base. By setting an appropriate sourcing strategy to specific sourcing groups considering the purchasing volume and the sourcing complexity, significant savings can be achieved in the total company expenditures. There are four basic sourcing strategies that can be used: purchasing process simplification, purchasing volume leverage, strategic relationship with suppliers, supply assurance. E-procurement is a valuable tool for Strategic Sourcing implementation and can be used to simplify and reduce the cost of the purchasing process. Strategic Sourcing can be applied in most industries, as well as in Oil and Gas Industry. Recently Arthur Andersen was engaged in a Strategic Sourcing project for an Oil and Gas Company resulting in savings of 10% cost reduction on the expenditures analyzed. (author)

Challenges of commissioning and contracting for integrated care in the National Health Service (NHS) in England.

Science.gov (United States)

Addicott, Rachael

2016-01-01

For many years there has been a separation between purchasing and provision of services in the English National Health Service (NHS). Many studies report that this commissioning function has been weak: purchasers have had little impact or power in negotiations with large acute providers, and have had limited strategic control over the delivery of care. Nevertheless, commissioning has become increasingly embedded in the NHS structure since the arrival of Clinical Commissioning Groups (CCGs) in 2012. Recently, some of these CCGs have focused on how they can contract and commission in different ways to stimulate greater collaboration across providers. This paper examines experiences of commissioning and contracting for integrated care in the English NHS, based on a series of national-level interviews and case studies of five health economies that are implementing novel contracting models. The cases illustrated here demonstrate early experiments to drive innovation through contracting in the NHS that have largely relied on the vision of individual teams or leaders, in combination with external legal, procurement and actuarial support. It is unlikely that this approach will be sustainable or replicable across the country or internationally, despite the best intentions of commissioners. Designing and operating novel contractual approaches will require considerable determination, alongside advanced skills in procurement, contract management and commissioning. The cost of developing new contractual approaches is high, and as the process is difficult and resource-intensive, it is likely that dedicated teams or programs will be required to drive significant improvement.

New purchasing conditions for the electricity produced by cogeneration; Nouvelles conditions d`achat de l`electricite produite par cogeneration

Energy Technology Data Exchange (ETDEWEB)

Pierret, Ch

1999-12-31

This short note summarizes the new conditions of electricity purchase as stipulated in the contracts passed between Electricite de France (EdF) and the independent companies exploiting cogeneration units. These new conditions should allow the continuation of the development of cogeneration units in a power market progressively opened to competition. (J.S.)

New purchasing conditions for the electricity produced by cogeneration; Nouvelles conditions d`achat de l`electricite produite par cogeneration

Energy Technology Data Exchange (ETDEWEB)

Pierret, Ch.

1998-12-31

This short note summarizes the new conditions of electricity purchase as stipulated in the contracts passed between Electricite de France (EdF) and the independent companies exploiting cogeneration units. These new conditions should allow the continuation of the development of cogeneration units in a power market progressively opened to competition. (J.S.)

Interactive Purchasing Situations

NARCIS (Netherlands)

Groote Schaarsberg, M.; Borm, P.E.M.; Hamers, H.J.M.; Reijnierse, J.H.

2012-01-01

Abstract: This paper introduces a new class of interactive cooperative purchasing situations and provides an explicit alternative characterization of the nucleolus of cooperative games, which offers an alternative to Kohlberg (1971). In our cooperative purchasing situation, the unit price of a

Strategies for contracting gas storage and hub services

International Nuclear Information System (INIS)

Auld, J.

1996-01-01

The many efficiencies that can be gained by the natural gas industry in effectively using storage, were demonstrated. The circumstances under which the natural gas industry uses storage and how Market Centres or Hub Services can be strategically used in offering companies the highest flexibility in a tough marketplace, were explained. For example, in North America, storage played an important role during the winter of 95/96, which will be remembered for its extreme cold. That year provided the first true opportunity to test the natural gas delivery system since deregulation in 1985. The fact that natural gas supplies continued to be delivered throughout the entire winter was attributed to the use of stored gas held in reserves to meet the severe demand. The companies that did well, relied on storage and also on the services offered by Hub Services which increased margins for all players in the natural gas industry. Using storage, companies can ensure that field deliveries of gas are kept constant by having storage facilities absorb the swings in market demand. The companies that learn to use storage effectively can create competitive edges over their competition and provide more value to their customers. The three main categories of hub services were also described. These are parking (interruptible storage), gas loans (stored gas can be offered to customers on a term basis for low daily rates), and title exchange (the transfer of gas between buyer and seller). The strategic use of parking, loaned gas, title exchange, direct connections, and InterHub Services can provide customers even greater benefits than are provided by storage-based services. 6 figs

Technical note: Analysis of claims and disputes in contracts for oil and gas development projects in Iran with solutions

Directory of Open Access Journals (Sweden)

Fathollah Sajedi

2017-08-01

Full Text Available Contracts for oil and gas development projects are naturally complex, they are explained with some of maps and technical specifications. To supply the goals of contracts, it is necessary to construct by a team having owner, consulting engineer and contractor. The unique aspects of each project and team working are resulting to disagreements. It should be noted that the majority of team workers have not previously worked together. It may not be expected to forecast all project aspects in design and preparation of tender documents process. However, in some cases it will occur inconsistencies in contract documents and possibly may be disagreements on commentary of the cases which there are in the provisions of the contract. Every root of disagreement resulted in to claim and finally dispute. Lack of foresight and/or existing ambiguous texts in some provisions of contract, not being aware of components of the project to conditions and obligations and rules of contract will complex and sometimes impossible the agreement on implementation problems. Therefore, the claims will be resulted in disputes and inflict financial losses to contractors and/or owners and then the projects will not be completed. In Iran many activities have not been carried out about claims and disputes in different orientations especially in areas futures and hence, it was studied in this research. Firstly, research history was considered and the causes of claims and disputes were identified in process of different levels of oil projects construction from primary to exploitation and then a questionnaire was prepared using the comments of experts. Finally, the questionnaire was analysed by SPSS and the approved factors in creation of claims and disputes and in their roots were ranked.

Practical hedging and gas purchasing strategies for end-users

International Nuclear Information System (INIS)

Rosenzweig, J.

1995-01-01

Characteristics of the gas portfolio were described and its purpose was discussed in terms of diversification, risk reduction and flexibility. Tools to adjust the portfolio were discussed in terms of swaps and futures. Advantages and disadvantages of exchange and off-exchange traded instruments were outlined. Turning basis gas into a published indexed price, otherwise known as hedging, was explained. The market players ( banks, dealers, brokers) and their roles were described

POINT-OF-PURCHASE SIGNS, IMPULSE PURCHASES, AND INDIVIDUAL DIFFERENCES IN THE "DESIRE TO TOUCH"

OpenAIRE

Peck, Joann; Childers, Terry

2000-01-01

What is the role of touch in consumer behavior? Consumers are especially motivated to touch some products before buying them, and for some people, those high in "desire to touch", touching before buying is especially important. In addition, some situations encourage consumers to touch goods before purchasing them. How do these relate to impulse purchases? People high in their "desire to touch" are more likely to make impulse purchases. Point-of-purchase signs that encourage touching a product...

Electricity supply. The effects of competitive power purchases are not yet certain

International Nuclear Information System (INIS)

England-Joseph, Judy; Wood, David G.; Bausell, Charles W. Jr.; Farah, Philip G.; Alexander, Alice M.; Griffes, Peter H.; Jorritsma, James S.; Skud, Bruce; Dunbrack, Linda W.

1990-08-01

generators, these utilities act to ensure the reliability of service through establishing project selection criteria and contract terms, which consider, for example, a source's ability to dispatch power on demand and to demonstrate sound financing. These utilities also have contingency plans if competitively purchased power is not delivered as planned. Determining competitive bidding's long-term effects on the cost of electricity requires estimating the future costs and demand for electricity. These estimates are uncertain because they rely on assumptions about unknown factors like future fuel prices. All three utilities estimated the cost of competitively purchased power to be less than the cost of generating it themselves or purchasing it from another source, such as a neighboring utility. Potential impacts on cost depend in part on how utilities design their bidding systems, for example, on whether utilities announce a ceiling price they are willing to pay. Also, potential impacts on cost could be affected by constraints that limit the number of eligible participants in wholesale markets, such as a lack of access to transmission facilities

Proposal for the award of a blanket contract for automatic air-sampling systems for fire and gas detection in the LHC experiments

CERN Document Server

2004-01-01

This document concerns the award of a blanket contract for automatic air-sampling systems for fire and gas detection in the LHC experiments. Following a market survey carried out among 119 firms in ten Member States, a call for tenders (IT-2891/ST) was sent on 1 August 2003 to four firms, in three Member States. By the closing date, CERN had received two tenders from one firm and one consortium, in three Member States. The Finance Committee is invited to agree to the negotiation of a blanket contract with ICARE (FR), the lowest bidder, for the supply of automatic air-sampling systems for fire and gas detection in the LHC experiments for a total amount not exceeding 1 750 000 euros (2 714 000 Swiss francs), subject to revision for inflation from 1 January 2007 with options for air-sampling smoke detection systems for electrical racks, for an additional amount of 400 000 euros (620 000 Swiss francs), subject to revision for inflation from 1 January 2007, bringing the total amount to a maximum of 2 150 000 euros...

Non-price competition in NHS secondary care contracting: empirical results.

Science.gov (United States)

Gray, Keith; Bailey, Mark F

2008-01-01

The purpose of this paper is, for English acute NHS hospitals, to investigate how they operate their governance systems in the area of secondary care contracting and identify the key determinants of relationship building within the contacting/commissioning of secondary care focusing upon non-price competitive behaviour. A survey instrument was designed and mailed to a sample of all acute NHS hospitals in England of whom 35 per cent responded. This survey was then analysed using logit techniques. The analysis suggests that: those NHS Trusts offering volume discounts, non-price competitive incentives or having a strong belief in performance being by "payment by results" criteria are significantly more likely to offer augmented services to secondary care purchasers over and above contractual minima; those NHS Trusts strongly believing in the importance of non-price factors (such as contract augmentation or quality) in the contracting process are more likely to offer customisation of generic services; and those NHS Trusts using cost-sharing agreements to realign contracts when negotiating contracts or who strongly believe in the importance of service augmentation in strengthening relationships, or that increased hospital efficiency is the most important aspect of recent NHS reform are more likely to utilise default measures to help realign contracts. This paper fills a gap in the area of non-price competition in English NHS acute secondary care contracting.

The Navy Acquisition Contracting Officer Intern Program: A Past and Present NACO View

Science.gov (United States)

1994-06-01

section of a contracting activity is regularly a " sweatshop " that processes nearly alL procurements in the same manner. Thus, a month in a small purchase...this command, I have not been rotated through the other sections of the office. I consider this to be somewhat of a disadvantage ; however, I have

Large-scale solar purchasing

International Nuclear Information System (INIS)

1999-01-01

The principal objective of the project was to participate in the definition of a new IEA task concerning solar procurement (''the Task'') and to assess whether involvement in the task would be in the interest of the UK active solar heating industry. The project also aimed to assess the importance of large scale solar purchasing to UK active solar heating market development and to evaluate the level of interest in large scale solar purchasing amongst potential large scale purchasers (in particular housing associations and housing developers). A further aim of the project was to consider means of stimulating large scale active solar heating purchasing activity within the UK. (author)

Purchasing practices in SMEs

DEFF Research Database (Denmark)

Skjøtt-Larsen, Tage; Bagchi, Prabir K.

2007-01-01

The purpose of this paper is to develop a knowledge and understanding of purchasing practices of SMEs in Denmark. The paper is based on the results from a survey among 94 Danish SMEs, mainly within machinery, electronics and electrical, transportation equipment, and medical equipment industries....... The results are compared with a similar study encompassing 224 SMEs in Indiana, USA. First, the level of purchasing complexity is discussed. There are similarities between the two surveys in terms of purchasing's influence on product quality and productivity, and percentage of total costs. However, the degree...... on the results from the two surveys, we discuss the managerial and research implications for purchasing practices in SMEs....

Basic Conditions of Validity of Electronic Contracts in Iran and UNCITRAL Model Law

Directory of Open Access Journals (Sweden)

Abbas Karimi

2017-02-01

Full Text Available Diverse activities such as electronic exchange of goods and services, instant digital content delivery, electronic funds transfer, electronic stock exchange, electronic bill of lading, commercial projects, common engineering and design, sourcing, government purchase, direct marketing and post-sales services included in e-commerce field.  Due to the increasing spread of the electronic world in all aspects, electronic contracts, in turn, was of great importance and made significant contributions in business contracts. The present study aims to investigate the concept, fundamentals and history of electronic contracts referring to UNCITRAL Model Law on Electronic Commerce and Electronic Commerce Act (1996. The results indicate that in terms of the conclusion and obligations of the parties, contract in cyberspace in general is similar to the contract in the real world and in this respect, there is no major difference between these two contexts. Potential electronic contracts considered as written ones and Electronic signatures recognized as valid as the basis of the validity of the will in electronic trading.

Horizontal cooperative purchasing

NARCIS (Netherlands)

Schotanus, Fredo

2007-01-01

Purchasing in groups is a concept that is becoming increasingly popular in both the private and public sector. Often, the advantages such as lower purchase pricese, learning from each other, and reduced transaction costs outweigh set-up and management costs and drawbacks such as disclosure of

78 FR 37946 - Loan Participations; Purchase, Sale and Pledge of Eligible Obligations; Purchase of Assets and...

Science.gov (United States)

2013-06-25

... purchasing credit union may have years of experience dealing with only one or a few originators. These credit...; Purchase, Sale and Pledge of Eligible Obligations; Purchase of Assets and Assumption of Liabilities AGENCY... reorganize the loan participation rule and focus on the purchase side of loan participation transactions. The...

PERAN PRODUCT CUES AND RISK AVERSION PADA PURCHASE INTENTION DAN POST PURCHASE FEELINGS

Directory of Open Access Journals (Sweden)

Sri Rejeki Ekasasi

2015-11-01

Full Text Available AbstractThe research aimed to investigate the influence of extrinsic cues and intrinsic cues and risk aversion towards purchase intention and post-purchase feeling of counterfeited computer software and music CD. This research study collected data from two populations which are students and employee. Approximately 128 respondents involved to give respond for the survey. The analysis using Structural Equation Model (SEM show that product cues and risk aversion give different significant impact towards purchase intention and post-purchase feeling of counterfeited computer software and music CD. The research concluded that risk aversion and extrinsic cues has a significant influence to purchase intention of counterfeited computer software while it does not appear similar result to music CD. Moreover, the study revealed that for both counterfeited computer software and music CD, the purchase intention is proven to have negative significant influence towards post-purchase feelings.Keywords: risk aversion, extrinsic cues, intrinsic cues, purchase intention, post-purchase feelingsAbstrakTujuan dari penelitian ini adalah untuk melihat pengaruh atribut ekstrinsik dan intrinsic produk serta aspek menolak resiko terhadap niat beli dan perasaan paska beli software computer dan CD music bajakan. Penelitian ini diharapkan akan memperoleh sebuah model dengan pendekatan cultural dan strategi bisnis untuk memblokir atau mengurangi produk bajakan yang dapat diakses konsumen di pasar. Data primer akan dikumpulkan dari dua populasi, kelompok mahasiswa dan kelompok pekerja, dari empat kota besar di Indonesia yaitu Jakarta, Semarang, Surabaya, dan Yogyakarta. Lebih kurang 128 responden terlibat dalam penelitian ini. Hasil penelitian menunjukkan bahwa aspek atribut produk yang bersifat ekstrinsik dan aspek menolak resiko terbukti memiliki hubungan signifikan mempengaruhi niat beli software computer, akan tetapi lain tidak demikian pada niat beli CD music bajakan

Audit report on GDF Suez supply costs in natural gas sale regulated tariffs. 4 April 2013

International Nuclear Information System (INIS)

2013-01-01

After a recall of the context and objectives of this audit performed by the French Commission for Energy Regulation or CRE (legal framework, previously published opinion), this report first presents and comments the main evolutions of the European supply portfolio of GDF Suez in 2012: long term contracts to be negotiated again on significant volumes, a diversified portfolio with 30 per cent of short term purchases. In the second part, it analyses the adequacy between noticed and provisional supply costs on the one hand, and those estimated by means of the tariff formula for the calculation of natural gas sale regulated tariffs on the other hand. The third part gives recommendations regarding future decisions on the evolution of GDF-Suez natural gas regulated sale tariffs: discussion of the relevance of the formula used since January 2013, of perspectives for reviewing this tariff formula, of market share to be integrated, should the occasion occur, in the modified formula, and of the supply range to be taken into account

Alberta producers' gas export prices slip

International Nuclear Information System (INIS)

Chandrasekharaiah, M.N.; Dubben, G.; Kolster, B.H.

1992-01-01

This paper reports that Alberta gas producers have approved a new contract with California buyers that includes slightly lower wellhead prices and more flexible pricing terms. The 1 year agreement, will apply a flexible price formula to gas sales. A basic volume of 212 MMcfd will receive $1.52 (U.S.)/Mcf. A and S also will buy 200 MMcfd at prices paid for other Alberta gas in the California market. It will have the right to buy added volumes at prices indexed to gas sold into California from the U.S. Southwest. Ballots cast by producers were to be verified by regulatory agencies in Alberta and British Columbia. The more flexible price terms in the new contract are seen as a positive development for negotiations in a dispute over long term contracts

What future for gas in Europe?

International Nuclear Information System (INIS)

Lescoeur, Bruno; Noilhan, Fabrice

2011-01-01

In 2009 the fundamentals of the European gas industry were challenged by the break-through of shale gas in the United-States and a drop in gas demand in Europe. De-correlation of gas markets and oil indexed long term contracts prices challenged the historical means to finance needed infrastructures. In the years to come, gas will play in increasing role in electricity generation, driven by CO_2 emission reduction targets and the need for renewables intermittency backup. The gas industry has to re-invent tools to allow infrastructures development. Among those, indexing long term gas contracts to de-carbonised electricity production could more accurately reflect the final market of such gas as well as maintain the long term producer/customer relationships

A supply chain contract with flexibility as a risk-sharing mechanism for demand forecasting

Science.gov (United States)

Kim, Whan-Seon

2013-06-01

Demand forecasting is one of the main causes of the bullwhip effect in a supply chain. As a countermeasure for demand uncertainty as well as a risk-sharing mechanism for demand forecasting in a supply chain, this article studies a bilateral contract with order quantity flexibility. Under the contract, the buyer places orders in advance for the predetermined horizons and makes minimum purchase commitments. The supplier, in return, provides the buyer with the flexibility to adjust the order quantities later, according to the most updated demand information. To conduct comparative simulations, four-echelon supply chain models, that employ the contracts and different forecasting techniques under dynamic market demands, are developed. The simulation outcomes show that demand fluctuation can be effectively absorbed by the contract scheme, which enables better inventory management and customer service. Furthermore, it has been verified that the contract scheme under study plays a role as an effective coordination mechanism in a decentralised supply chain.

The fundamentals of power purchasing

International Nuclear Information System (INIS)

Walker, S.A.

1999-01-01

The challenges facing Ontario consumers in the year 2000 regarding the purchase of electricity are the focus of this paper. As Ontario's electric power industry changes from a monopoly based public service to a competition-driven supply and demand marketplace, consumers in the province will be faced with the complex and difficult task of buying electricity in an open market. Electricity products will be available as commodities in a desegregated state. That is, consumers will be able to buy electricity from a power generator, as well as arranging its transportation and distribution. Consumers will have to understand the cost factors involved and the components which factor into the pricing of electricity. In this context, the paper defines electricity as a commodity and discusses issues such as supply and demand (given that electricity cannot be stored), energy losses, regional markets, impact of externalities, demand elasticity, and hourly pricing. Non-commodity cost factors such as stranded debt, ancillary services, infrastructure and personnel, metering, electricity trading and futures contracts are also reviewed. 19 refs., 2 figs

78 FR 43871 - Commission Information Collection Activities (FERC-580); Comment Request

Science.gov (United States)

2013-07-22

... purchase contracts/agreement. The language will be similar to what was used in Form No. 580 interrogatories... power generation and thermal energy generation and thermal energy associated with the production of..., natural gas, and oil should coal, natural gas, and oil should be reported. Information for all be reported...

Market Power in Poultry Production Contracting? Evidence from a Farm Survey

OpenAIRE

MacDonald, James M.; Key, Nigel D.

2012-01-01

The exercise of market power by broiler processing firms (integrators) is plausible because local markets for growers are concentrated and because growers face hold-up risks arising from substantial investments in specific assets set against limited integrator purchase commitments. This article explores the links between local integrator concentration and grower compensation under production contracts using data from the 2006 broiler version of the USDA’s Agricultural Resource Management Su...

21 CFR 820.50 - Purchasing controls.

Science.gov (United States)

2010-04-01

... 21 Food and Drugs 8 2010-04-01 2010-04-01 false Purchasing controls. 820.50 Section 820.50 Food... DEVICES QUALITY SYSTEM REGULATION Purchasing Controls § 820.50 Purchasing controls. Each manufacturer shall establish and maintain procedures to ensure that all purchased or otherwise received product and...

Commercial Nitrogen Fertilizer Purchased

Data.gov (United States)

U.S. Environmental Protection Agency — Amounts of fertilizer nitrogen (N) purchased by states in individual years 2003, 2005, 2007, 2009 and 2011, and the % change in average amounts purchased per year...

The motion of an isolated gas group in expanding universe

International Nuclear Information System (INIS)

Zhang Banggu

1993-01-01

The contraction of an isolated gas group in the expanding universe has been discussed. It is found that in addition to the contracted conditions of the static isolated gas group, the initial gas group is straticulate statistical uniform and the initial radius is larger than a critical value D γ -1 , the contracted conditions of expanding case also include that the Hubble constant H is smaller than a constant D t

Edmonton fills vacuum left by Toronto firm

International Nuclear Information System (INIS)

Lunan, D.

2000-01-01

EPCOR Energy Services, the retail marketing arm of Edmonton's municipal utility company, holds 30,000 residential customer contracts that it purchased from Alberta Natural Gas Savings Corporation last fall. It is also selling natural gas to 10,000 commercial customers. EPCOR now is interested in acquiring the customer base from Apollo Gas Marketing, a Toronto-based marketer recently forced out of the Alberta market by rising gas prices. EPCOR is eager to learn from the mistakes made by Apollo and other natural gas marketers and is putting together a contract package that would ensure a reasonable profit on operations even in the face of rising gas prices. Customers are offered the opportunity to sign fixed term contracts for one -, three-, or five years. The one year contract has a price tag of $6.75/gigajoule; the three-year term is priced at $5.99/gigajoule, and the five-year contract at $5.35/gigajoule. While the one-year price is a little high, compared to contracts available from other marketers, EPCOR's five-year term is worth customers' attention. EPCOR is able to make this offer since it has sufficient gas under a variety of futures contracts to meet it contractual obligations without being forced to buy gas on the spot market

Commercial Phosporus Fertilizer Purchased

Data.gov (United States)

U.S. Environmental Protection Agency — Amounts of fertilizer P2O5 purchased by states in individual years 2003, 2005, 2007, 2009 and 2011, and the % change in average amounts purchased per year from...

Post-purchase advertisement readership behaviour and repeat purchase intentions of motor vehicle consumers

Directory of Open Access Journals (Sweden)

S. Brijball

2000-06-01

Full Text Available The study assesses post-purchase advertisement readership behaviour and repeat purchase intentions of motor vehicle consumers. The aim is to determine the prevalence of selective exposure, and the impact of motor vehicle features and dissonance respectively. The empirical analysis was undertaken on a sample of 200 new motor vehicle buyers The results indicate that the majority of consumers do not engage in post-purchase selective advertisement readership behaviour. Furthermore, whilst motor vehicle features (make, model, dealership, month of purchases/ time lapse after purchases do not influence consumers' repeat purchase intentions, reported dissonance and the magnitude of cognitive dissonance experienced have a significant impact. Opsomming Hierdie studie evalueer die reaksie van verbruikers op advertensies nadat hulle n voertuig aangekoop het. Die doel was om vas te stel in watter n mate verbruikers selektiefis met advertensies en watter effek voertuig-eienskappe en dissonansie op die moontlikheid het om weer dieselfde voertuig te koop. Die empiriese anahse is mtgevoer op n steekproefvan 200 eicnaars van nuwe voertuie. Uit die resultate blyk dit dat die meerderheid van verbruikers me advertensies selektief lees nan aankoop me.Verder blyk dit dat die eienskappe vann motorvoertmg fabnkaat, model handelaar, maand van aankoop/tydsverloop na aankoop nie n verbruiker beinvloed om dieselfde voertuig weer te koop nie. Gerapporteerde dissonansie en die omvang van kognitiewe dissonansie na n aankoop, blyk tog 'n betekenisvolle impak te he.

ADIABATIC HEATING OF CONTRACTING TURBULENT FLUIDS

International Nuclear Information System (INIS)

Robertson, Brant; Goldreich, Peter

2012-01-01

Turbulence influences the behavior of many astrophysical systems, frequently by providing non-thermal pressure support through random bulk motions. Although turbulence is commonly studied in systems with constant volume and mean density, turbulent astrophysical gases often expand or contract under the influence of pressure or gravity. Here, we examine the behavior of turbulence in contracting volumes using idealized models of compressed gases. Employing numerical simulations and an analytical model, we identify a simple mechanism by which the turbulent motions of contracting gases 'adiabatically heat', experiencing an increase in their random bulk velocities until the largest eddies in the gas circulate over a Hubble time of the contraction. Adiabatic heating provides a mechanism for sustaining turbulence in gases where no large-scale driving exists. We describe this mechanism in detail and discuss some potential applications to turbulence in astrophysical settings.

Russian natural gas policy and its possible effects on European gas markets

International Nuclear Information System (INIS)

Quast, O.; Locatelli, C.

1997-01-01

There is a growing perception among Western European gas experts that Russia has developed a considerable gas surplus - the Russian gas bubble. Thus, the question clearly arises how much gas is available for export and how much gas, over the next 15 to 20 years, can the Russian quasi-monopolist Gazprom market in Western Europe. We consider that Gazprom's export strategy mirrors the approach of Russia's natural gas policy towards the Western European market. In this paper, we will focus on the characteristics of Gazprom's export strategy, its underlying logic, and its impact on Western European gas markets. As a consequence of Gazprom's export strategy, the Russian gas company faces today a price quantity dilemma. Gazprom's problem is to place as much gas as possible in the growing Western European gas market, without destroying downstream gas prices. We argue that Gazprom has adopted a market share expansion and downstream vertical integration strategy, aimed at capturing a part of the downstream gas rent. Although this strategy appears to have initiated a form of gas to gas competition in a number of European consumer markets, this strategy is not based on an aggressive price policy. However, in order to live up to its ambitions, there is a chance that Gazprom will have to somewhat relax traditional contract clauses, such as contract length, indexation terms and take or pay conditions. (author)

Governance variety in the energy service contracting market

Energy Technology Data Exchange (ETDEWEB)

Ostertag, Katrin; Huelsmann, Friederike

2008-07-01

There is a surprisingly high variety of actors involved in the supply of energy service contracting arrangements. Based on an empirical record of approximately 2,500 contracting projects in the domain of space heating in Germany, the paper analyses specialisation patterns of contractors. An econometric model is used to test hypotheses derived from transaction cost economics, which contractor type should be expected for which kind of contracting project. According to our results, if physical, site and human asset specificity are high, governance modes are preferred, for which contracting represents a downward integration of business activities along the value-added chain. This includes the supply of contracting by municipal utilities. More specifically, municipal utilities occur as superior suppliers of contracting if combined heat and power is implemented, if the building served is connected to their gas grid and if it is a public building. This pattern could orient the development of contracting activities for utilities reconsidering their strategic position following the liberalisation of the electricity market. (orig.)

Qualitative analysis of national documents on health care services and pharmaceuticals` purchasing challenges: evidence from Iran.

Science.gov (United States)

Bastani, Peivand; Samadbeik, Mahnaz; Dinarvand, Rassoul; Kashefian-Naeeini, Sara; Vatankhah, Soudabeh

2018-06-05

Iranian health sector encountered many challenges in resource allocation and health service purchasing during the past decades, the aim of this study was to determine the main challenges of the present process of health service purchasing for national policymakers and other developing countries with the same setting. It was a qualitative study carried out via the complete content analysis of all relevant national documents from 2007 to 2014. In order to retrieve the related documents, we searched the official websites related to the Ministry of Health and Medical Education, four main Iranian insurance organizations, the Health Committee of the Parliament Profile, strategic vice president's site and Supreme Insurance Council. After recognition of documents, their credibility and authenticity were evaluated in terms of their publication or adjustment. For the analysis of documents, the four step-Scott method was used applying MAXQDA version 10. Findings illustrated that health service purchase challenges in the country can be classified in 6 main themes of policy-making, executive, intersectional, natural, legal and informational challenges with 26 subthemes. Furthermore, 5 themes of Basic Benefit Package, Reimbursement,Decision making, Technology and Contract are considered as the main Challenges in pharmaceutical purchasing area containing 13 relevant subthemes. It seems that according to documents, Iran has faced many structural and procedural problems with the purchase of the best health interventions. So it is highly recommended to consider consequences derived from the present challenges and try to use these evidences in their policy making process to decrease the existed problems and move to better procurement of health interventions.

Service contracts in the petroleum industry - a practical approach; Contrato de servicos na industria do petroleo - uma abordagem pratica

Energy Technology Data Exchange (ETDEWEB)

Santos, Sidney P. [PETROBRAS, Rio de Janeiro, RJ (Brazil)

2003-07-01

The worldwide competition and the availability of new business opportunities have paved the way for service contracts as an attractive option when performing feasibility analysis for gas and energy projects. This paper addresses this subject and incorporates the experience gotten at PETROBRAS focusing on Compression Service Contract for Gas Pipeline Transmission System and also on Gas Processing Contract for gas dew point adjustment for natural gas production so as to specify the gas for industrial and automotive use. The methodology presented, that incorporates Monte Carlo Simulation for Risk Analysis, can be applied for any project with similar characteristics. This paper also underlines the importance of the use of Risk Analysis for feasibility studies. (author)

Pricing, hedging and risk management : practical tips for natural gas buyers and sellers

International Nuclear Information System (INIS)

Shields, D.

1998-01-01

Risk analysis and techniques to manage risk as it pertains to the natural gas industry were discussed. Portfolio allocations for long-term, short-term fixed price and variable price contracts were described. Options were defined as a market instrument offering the benefits of a fixed price purchase or sale without the obligation of incurring financial or opportunity losses if the market goes against the option buyer. Options should be used as a defence strategy to protect portfolios from price risk in times of uncertainty and to take advantage of current floating market conditions without making a full price commitment. Options can also be used as an offensive strategy to make a directional play on the market or on volatility. Options selling was regarded as a much higher risk than options buying. The variables that affect options premiums were: (1) volatility, (2) time to expiration, (3) underlying price versus strike price, and (4) flexibility. Williams Energy's new world class energy trading floor in Tulsa, Oklahoma was also described. Williams is the largest-volume transporter of natural gas in the U.S. with more than 27,000 miles of pipelines. Williams pipelines transport 16 per cent of all the natural gas used in the U.S. and the company is one of the nation's largest natural gas gatherers and processors. tabs., figs

Customer Characteristics and Shopping Patterns Associated with Healthy and Unhealthy Purchases at Small and Non-traditional Food Stores.

Science.gov (United States)

Lenk, Kathleen M; Caspi, Caitlin E; Harnack, Lisa; Laska, Melissa N

2018-02-01

Small and non-traditional food stores (e.g., corner stores) are often the most accessible source of food for residents of lower income urban neighborhoods in the U.S. Although healthy options are often limited at these stores, little is known about customers who purchase healthy, versus less healthy, foods/beverages in these venues. We conducted 661 customer intercept interviews at 105 stores (corner stores, gas marts, pharmacies, dollar stores) in Minneapolis/St. Paul, Minnesota, assessing all food and beverage items purchased. We defined three categories of "healthy" and four categories of "unhealthy" purchases. Interviews assessed customer characteristics [e.g., demographics, body-mass index (BMI)]. We examined associations between healthy versus unhealthy purchases categories and customer characteristics. Overall, 11% of customers purchased ≥1 serving of healthy foods/beverages in one or more of the three categories: 8% purchased fruits/vegetables, 2% whole grains, and 1% non-/low-fat dairy. Seventy-one percent of customers purchased ≥1 serving of unhealthy foods/beverages in one or more of four categories: 46% purchased sugar-sweetened beverages, 17% savory snacks, 15% candy, and 13% sweet baked goods. Male (vs. female) customers, those with a lower education levels, and those who reported shopping at the store for convenience (vs. other reasons) were less likely to purchase fruits/vegetables. Unhealthy purchases were more common among customers with a BMI ≥30 kg/m 2 (vs. lower BMI). Results suggest intervention opportunities to increase healthy purchases at small and non-traditional food stores, particularly interventions aimed at male residents, those with lower education levels and residents living close to the store.

A Classification and Analysis of National Contract Management Journal Articles from 1990 to 1999 and Journal of Supply Chain Management Articles from 1987 to 2000

National Research Council Canada - National Science Library

Browne, Forrest

2001-01-01

.... A secondary objective of this thesis was to assess the differences in subject matter between the two journals and by extension, the differences between Government contracting literature and commercial purchasing literature. The final objective of this thesis was to compile an annotated bibliography of articles primed in the contracting journal that have not been previously annotated.

Revisiting purchasing competence - In a project context

DEFF Research Database (Denmark)

Lutz, Salla

2015-01-01

purchasing and competences required undertaking these activities. Four overall purchasing competence areas were identified. Hence, four propositions related to the purchasing competence were developed by iteratively combining elements from the purchasing literature with an empirical inquiry in an offshore...

Responsible Purchasing Network - Sustainable Purchasing Guidance Profile

Science.gov (United States)

To help you find the resource that is right for your organization, EPA conducted a scan of the landscape and developed summary profiles of some of the leading sources of sustainable purchasing guidance around the globe.

International Green Purchasing Network - Sustainable Purchasing Profile

Science.gov (United States)

To help you find the resource that is right for your organization, EPA conducted a scan of the landscape and developed summary profiles of some of the leading sources of sustainable purchasing guidance around the globe.

A report on the futures market in natural gas

International Nuclear Information System (INIS)

Davis, R.R.

1991-01-01

The New York Mercantile Exchange (NYMEX) natural gas futures contract was introduced on April 3, 1990, offering natural gas producers, marketers, and end users an important new tool to manage price risk. Each NYMEX natural gas contract unit consists of 10,000 million Btu and trades over twelve consecutive months. The NYMEX delivery location is at the Henry Hub in Erath, Louisiana. The contracts are designed to align with certain industry practices, including pipeline nomination deadlines and traditional bid-week pricing. Contract volume has grown to an average daily figure of nearly 1,400 in the first 18 months of contract trading. A peak volume of 8,739 contracts was achieved on June 24, 1991. End-users currently represent under 2% of the futures market. The ratio of open interest to volume is very low, indicating the high concentration of commercial vs investor interest in the natural gas futures market. Gas marketers are the most active users of the futures market, making up over 60% of reportable open interest. Many producers, end-users, and local distribution companies hedge indirectly through marketers. The next largest holders of open interest are producers. A few local distribution companies are also entering the futures market, and interest in this market from all segments of the industry is increasing. 3 figs

Contracting between public agencies and private psychiatric inpatient facilities.

Science.gov (United States)

Fisher, W H; Dorwart, R A; Schlesinger, M; Davidson, H

1991-08-01

Purchasing human services through contracts with private providers has become an increasingly common practice over the past 20 years. Using data from a national survey of psychiatric inpatient facilities, this paper examines the extent to which psychiatric units in privately controlled general hospitals and private psychiatric specialty hospitals (N = 611) participate in contractual arrangements to provide services to governmental bodies. It also examines how the likelihood of such a practice is affected by hospital characteristics (general or specialty, for profit or nonprofit) and features of hospitals' environments, including the competitiveness of the market for psychiatric inpatient care and the population's need for services in the hospital's county. The findings indicate that nonprofit psychiatric specialty hospitals were more likely than other types of hospitals to enter into such contracts, and that forces such as local competition and need for services were not predictors of such involvement. Contracting was shown to have a significant impact on the level of referrals a hospital accepted, but these levels were also affected by competition and need. Among hospitals with public contracts, referral acceptance from public agencies was unaffected by these factors, but they did have a significant effect on referral acceptance by hospitals without public contracts. These data suggest that public agencies contracting for services with private hospitals may represent a means by which "public sector" patients may gain access to private providers. Further, this mechanism may impose sufficient structure and regulation on the acceptance of such patients that many concerns of hospital administrators regarding patients who are costly and difficult to treat and discharge can be allayed.

7 CFR 1753.68 - Purchasing special equipment.

Science.gov (United States)

2010-01-01

... 7 Agriculture 11 2010-01-01 2010-01-01 false Purchasing special equipment. 1753.68 Section 1753.68... AGRICULTURE TELECOMMUNICATIONS SYSTEM CONSTRUCTION POLICIES AND PROCEDURES Purchase and Installation of Special Equipment § 1753.68 Purchasing special equipment. (a) General. (1) Equipment purchases are...

Innovative contracting strategies for combating climate change.

Science.gov (United States)

2011-11-01

The state of Maryland has made a strong commitment to combating climate change and reducing : greenhouse gas emissions. This research investigated the state of practice of innovative contracting : solutions to reduce emissions from highway constructi...

Purchase of power by State Electricity Boards from biomass gasifier systems: formulating a long term national policy

International Nuclear Information System (INIS)

Jain, B.C.

1992-01-01

Current policy for purchase of power from renewable sources of energy by State Electricity Boards in India is examined and certain changes in that policy are suggested. State Electricity Boards are reluctant to buy power from renewables as such a purchase is seen by the Boards as being of against their economic interests. But if socio-environmental and climatological costs of power of thermal plants are taken into consideration, it becomes imperative that a long term policy for power purchase from renewables by electricity boards will have to be followed. Such a policy is outlined. After giving formulae for unit cost of generation from thermal power plants, diesel generation (DG) sets and biomass gasification, it is recommended that basis for the purchase price for power generated through biomass gas should be the cost of generation through DG sets or cost of generation through biomass gasification whichever is lower. A clause for automatic price escalation should also be a part of such policy. Some measures to compensate electricity boards for purchase of power from renewables are suggested. They include levying of a special surcharge by boards on their electricity sales and funding by the Central Government. (M.G.B.)

Explaining Counterfeit Alcohol Purchases in Russia.

Science.gov (United States)

Kotelnikova, Zoya

2017-04-01

Alcohol is a common target of counterfeiting in Russia. Counterfeit alcohol is defined here as the manufacture, distribution, unauthorized placement (forgery) of protected commodity trademarks, and infringement of the exclusive rights of the registered trademark holders of alcoholic beverages. It is often argued that the expansion of the counterfeit product market is due to the steady demand of economically disadvantaged people for low-priced goods. The situation becomes more complicated once deceptive and nondeceptive forms of counterfeiting are taken into account. This study aimed to identify markers of risky behavior associated with the purchase of counterfeit alcohol in Russia. The analysis relied on consumer self-reports of alcohol use and purchase collected nationwide by the Russia Longitudinal Monitoring Survey (RLMS-HSE) in 2012 to 2014. I used a generalized linear mixed-model logistic regression to identify predictors of risky behavior by consumers who purchased counterfeit alcohol, either knowingly or unknowingly, during the 30 days preceding the survey. Purchases of counterfeit alcohol declined slightly from 2012 to 2014, mainly due to a decrease in consumers mistakenly purchasing counterfeit products. Predictors of counterfeit alcohol purchases differed between consumers who knowingly and unknowingly purchased counterfeit products. Nondeceptive purchase of counterfeit alcohol was related primarily to an indifference to alcohol brands. Consumers with social networks that include drinkers of nonbeverage alcohol and producers of homemade alcohol were highly likely to consume counterfeit alcohol deliberately. Problem drinking was significantly associated with a higher risk of both deceptive and nondeceptive purchases of counterfeit alcohol. Poverty largely contributed to nondeceptive counterfeiting. The literature has overestimated the impact of low prices on counterfeit alcohol consumption. Problem drinking and membership in social networks of consumers

Contract design

International Nuclear Information System (INIS)

Bradley, P.

2006-01-01

The current state of the electric power industry in Ontario was discussed with particular reference to the procurement of contracts and why the Ontario Power Authority (OPA) must be contracting to resolve many of Ontario's electricity issues. As Ontario increasingly relies on imports and natural gas-fired generation, the price of electricity continues to rise given that supply is at a low level. In addition to the generation gap, there are also several transmission constrained areas in Ontario, particularly in the Greater Toronto Area (GTA). The OPA announced 2 projects totalling 1900 MW to relieve congestion. According to the Independent Electricity System Operator (IESO), the total potential opportunity for new generation by 2015 is about 5,000 to 7,000 megawatts. OPA is expected to launch procurement processes for up to 1000 MW of cogeneration, 250 MW of province-wide conservation initiatives, 1900 MW of generation in the western part of the GTA, and 600 MW of generation in downtown Toronto. New nuclear capacity is also anticipated in addition to renewables and conservation/demand management (CDM) initiatives. The OPA's competitive procurement processes will include requests for expressions of interest, requests for qualifications and requests for proposals. The challenge of balancing the technical complexities and realities of procuring generation assets with the need for a fair procurement process was discussed. Contracts will be designed to react to market signals and will include 3 styles: tariff style, tolling style and standard offer contract. OPA will make every effort to balance generator and ratepayer interests. 6 figs

Strategic purchasing reform in Estonia: Reducing inequalities in access while improving care concentration and quality.

Science.gov (United States)

Habicht, Triin; Habicht, Jarno; van Ginneken, Ewout

2015-08-01

As of 2014, the Estonian Health Insurance Fund has adopted new purchasing procedures and criteria, which it now has started to implement in specialist care. Main changes include (1) redefined access criteria based on population need rather than historical supply, which aim to achieve more equal access of providers and specialties; (2) stricter definition and use of optimal workload criteria to increase the concentration of specialist care (3) better consideration of patient movement; and (4) an increased emphasis on quality to foster quality improvement. The new criteria were first used in the contract cycle that started in 2014 and resulted in fewer contracted providers for a similar volume of care compared to the previous contract cycle. This implies that provision of specialized care has become concentrated at fewer providers. It is too early to draw firm conclusions on the impact on care quality or on actors, but the process has sparked debate on the role of selective contracting and the role of public and private providers in Estonian health care. Lastly, the Estonian experience may hold important lessons for other countries looking to overcome inequalities in access while concentrating care and improving care quality. Copyright © 2015 The Authors. Published by Elsevier Ireland Ltd.. All rights reserved.

Conclusion statement of the 'gas tariffs' Commission works

International Nuclear Information System (INIS)

2006-01-01

This report recalls some basic aspects of gas economy, notices that gas purchase prices are indexed to oil product prices, compares gas prices among European countries, briefly evokes the competition situation on the gas market in France, indicates the field of application of tariffs fixed by the ministry and the different pricing regimes, briefly discusses the pricing modalities, indicates the different components of gas price for a typical user. Then, recommendations are formulated for a new gas pricing policy based on true prices, transparency and user expectations

CONSUMERS’ PURCHASE INTENTIONS TOWARDS NATURAL COSMETICS

Directory of Open Access Journals (Sweden)

Matea Matić

2016-06-01

Full Text Available The purpose of this paper is to determine which variables influence consumers’ intentions towards purchasing natural cosmetics. Several variables are included in the regression analysis such as age, gender, consumers’ purchase tendency towards organic food, consumers’ new natural cosmetics brands and consumers’ tendency towards health consciousness. The data was collected through an online survey questionnaire using the purposive sample of 204 consumers from the Dubrovnik-Neretva County in March and April of 2015. Various statistical analyses were used such as binary logistic regression and correlation analysis. Binary logistic regression results show that gender, consumers’ purchase tendency towards organic food and consumers’ purchase tendency towards new natural cosmetics brands have an influence on consumer purchase intentions. However, consumers’ tendency towards health consciousness has no influence on consumers’ intentions towards purchasing natural cosmetics. Results of the correlation analysis indicate that there is a strong positive correlation between purchase intentions towards natural cosmetics and consumer references of natural cosmetics. The findings may be useful to online retailers, as well as marketers and practitioners to recognize and better understand the new trends that occur in the industry of natural cosmetics.

Contract market power and its impact on the efficiency of the electricity sector

International Nuclear Information System (INIS)

Serra, Pablo

2013-01-01

This paper analyzes the pro-competitive effects of financial long-term contracts in oligopolistic electricity markets. This is done in a model that incorporates the main features of the industry: non-storable production, time-varying price-elastic demand, and sequential investment and production decisions. The paper considers contracts for difference that have as reference price the average spot price. Assuming that the spot market coordinator sets competitive prices, the paper shows that installed capacity increases with the quantity of energy contracted, reaching the welfare-maximizing capacity when energy contracted equals this same level. Next, the paper studies the case where the quantity of energy contracted is endogenous and contracts are traded before capacity decisions are taken. Regarding purchasers of contracts, two polar cases are considered: either they are price-taker speculators or they are an aggregation of consumers that auctions a long (buy) contract for a given energy quantity. In the former case the strike price equals the reference price, i.e., arbitrage is perfect, and the quantity of energy contracted falls short of the efficient level. In turn, in the latter case, the strike price equals the average efficient spot price. Moreover, an aggregation of all consumers would choose to auction the social optimum quantity. - Highlights: • The paper analyzes the pro-competitive impact of contracts for difference. • The reference price of contracts is the average spot price. • Installed capacity increases with total quantity of energy contracted. • Social welfare is maximized when energy contracted equals the efficient capacity. • An aggregation of all consumers would choose to auction the efficient quantity

Edmonton fills vacuum left by Toronto firm

Energy Technology Data Exchange (ETDEWEB)

Lunan, D.

2000-06-19

EPCOR Energy Services, the retail marketing arm of Edmonton's municipal utility company, holds 30,000 residential customer contracts that it purchased from Alberta Natural Gas Savings Corporation last fall. It is also selling natural gas to 10,000 commercial customers. EPCOR now is interested in acquiring the customer base from Apollo Gas Marketing, a Toronto-based marketer recently forced out of the Alberta market by rising gas prices. EPCOR is eager to learn from the mistakes made by Apollo and other natural gas marketers and is putting together a contract package that would ensure a reasonable profit on operations even in the face of rising gas prices. Customers are offered the opportunity to sign fixed term contracts for one -, three-, or five years. The one year contract has a price tag of $6.75/gigajoule; the three-year term is priced at $5.99/gigajoule, and the five-year contract at $5.35/gigajoule. While the one-year price is a little high, compared to contracts available from other marketers, EPCOR's five-year term is worth customers' attention. EPCOR is able to make this offer since it has sufficient gas under a variety of futures contracts to meet it contractual obligations without being forced to buy gas on the spot market.

Contracting: The modern way to work. A professional's perspective

International Nuclear Information System (INIS)

Banks, C.D.; Pavan, E.A.

1991-01-01

The relationship between employers and employees in the oil and gas industry has undergone some fundamental changes, including increasing use of contract professionals, work sharing, more work done at home, individuals partnering or in association with groups of professionals, and transfer of properties to subsidiaries or contract management organizations. The use of contract professionals and technical personnel within an existing corporate structure is examined. Reasons for individuals to choose contracting include career choice, early- or semi-retired status, between jobs, and family/personal reasons. Contracting provides a more open relationship between the professional and the contractor, allows professionals to pursue a career of choice, and gives time flexibility. By contracting through a linking company, a professional can earn about the same annual income as through regular employment if 220 days of work a year can obtained. 1 tab

Wellhead to wire utilization of remote gas resources

International Nuclear Information System (INIS)

Harris, R.A.; Hines, T.L.

1998-01-01

Utilization of remote gas resources in developing countries continues to offer challenges and opportunities to producers and contractors. The Aguaytia Gas and Power Project is an example where perseverance and creativity resulted in successful utilization of natural gas resources in the Ucayali Region of Central Peru, a country which previously had no natural gas infrastructure. The resource for the project was first discovered by Mobil in 1961, and remained undeveloped for over thirty years due to lack of infrastructure and markets. Maple Gas won a competitively bid contract to develop the Aguaytia gas reserves in March of 1993. The challenges facing Maple Gas were to develop downstream markets for the gas, execute contracts with Perupetro S.A. and other Peruvian government entities, raise financing for the project, and solicit and execute engineering procurement and construction (EPC) contracts for the execution of the project. The key to development of the downstream markets was the decision to generate electric power and transmit the power over the Andes to the main electrical grid along the coast of Peru. Supplemental revenue could be generated by gas sales to a small regional power plant and extraction of LPG and natural gasoline for consumption in the Peruvian market. Three separate lump sum contracts were awarded to Asea Brown Boveri (ABB) companies for the gas project, power project and transmission project. Each project presented its unique challenges, but the commonalities were the accelerated schedule, high rainfall in a prolonged wet season and severe logistics due to lack of infrastructure in the remote region. This presentation focuses on how the gas plant contractor, ABB Randall, working in harmony with the developer, Maple Gas, tackled the challenges to monetize a remote gas resource

Natural gas's hottest spot

International Nuclear Information System (INIS)

Peterson, T.

1993-01-01

This paper reviews the growing power and economic strength of Enron Corp., a natural gas distributor and exploration company. The paper reviews the policy of the company to exploit deregulation at home and privatization of all sorts of energy companies abroad. Enron is actively building its own power plants in the US and has successfully boosted their profits by 20 percent in what was considered a flat natural gas market. The paper goes on to discuss the company's view of the new energy tax and how it should benefit natural gas companies as a whole. Finally the paper reviews the contracting procedures of the company to secure long-term fixed price contracts in a volatile market which precludes most companies from taking the risk

Exploring risk profiles and emergency frequency of purchasers and non-purchasers of personal emergency alarms: a prospective cohort study.

Science.gov (United States)

De San Miguel, Kristen; Lewin, Gill; Burton, Elissa; Toye, Christine; Boldy, Duncan; Howat, Peter

2015-10-27

Personal alarms support independent living and have the potential to reduce serious consequences after a fall or during a medical emergency. While some Australian states have government funded personal alarm programs, others do not; but user-pays services are available. Although several studies have examined the profiles of alarm users, little is known about the risk profile of non-users. Specifically, whether there are "at risk" individuals who are unable, or choose not to purchase a service, who experience a home-based emergency in which an alarm could have mitigated an adverse outcome. This study aimed to describe the 'risk profile' of purchasers and non-purchasers of alarms; explore the reasons behind the decision to purchase or not to purchase and identify how often emergency assistance was needed and why. Purchasers and non-purchasers were followed for one year in this prospective cohort study. Demographic, decision-making and risk factor data were collected at an initial face-to-face interview, while information about emergencies was collected by monthly calls. One hundred and fifty-seven purchasers and sixty-five non-purchasers completed the study. The risk profiles between the groups were similar in terms of gender, living arrangements, fall history and medical conditions. Purchasers (Mean = 82.6 years) were significantly older than non-purchasers (Mean = 79.3 years), (t(220) = -3.38, p = 0.000) and more functionally dependent on the IADL (z = -2.57, p = 0.010) and ADL (z = -2.45 p = 0.014) function scores. Non-purchasers (Mean = 8.04, SD = 3.57) were more socially isolated with significantly fewer family networks than purchasers (Mean = 9.46, SD = 3.25) (t(220) = -2.86, p = 0.005). Both groups experienced similarly high numbers of emergencies, 38.2 % of purchasers and 41.5 % of non-purchasers had at least one emergency where an alarm could have assisted. Main reasons for non-purchase were: cost (77 %), limited alarm range (51 %), no need (39 %) and lack

30 CFR 206.152 - Valuation standards-unprocessed gas.

Science.gov (United States)

2010-07-01

... to monitoring, review, and audit. For purposes of this section, gas which is sold or otherwise...'s value. (iv) How to value over-delivered volumes under a cash-out program. This paragraph applies to situations where a pipeline purchases gas from a lessee according to a cash-out program under a...

39 CFR 601.100 - Purchasing policy.

Science.gov (United States)

2010-07-01

... 39 Postal Service 1 2010-07-01 2010-07-01 false Purchasing policy. 601.100 Section 601.100 Postal Service UNITED STATES POSTAL SERVICE PROCUREMENT SYSTEM FOR THE U.S. POSTAL SERVICE: INTELLECTUAL PROPERTY RIGHTS OTHER THAN PATENTS PURCHASING OF PROPERTY AND SERVICES § 601.100 Purchasing policy. The Postal...

Tunable Rare Earth fcu-MOF Platform: Access to Adsorption Kinetics Driven Gas/Vapor Separations via Pore Size Contraction

KAUST Repository

Xue, Dongxu; Belmabkhout, Youssef; Shekhah, Osama; Jiang, Hao; Adil, Karim; Cairns, Amy J; Eddaoudi, Mohamed

2015-01-01

Reticular chemistry approach was successfully employed to deliberately construct new rare-earth (RE, i.e. Eu3+, Tb3+ and Y3+) fcu metal‒organic frameworks (MOFs) with restricted window apertures. Controlled and selective access to the resultant contracted fcu-MOF pores permits the achievement of the requisite sorbate cut-off ideal for selective adsorption kinetics separation and/or molecular sieving of gases and vapors. Predetermined reaction conditions that permitted the formation in-situ of the 12-connected RE hexanuclear molecular building block (MBB) and the establishment of the RE-fcu-MOF plat-form, especially in the presence of 2-fluorobenzoic acid (2-FBA) as a modulator and a structure directing agent, were used to synthesize isostructural RE-1,4-NDC-fcu-MOFs based on a relatively bulkier 2-connected bridging ligand, namely 1,4-naphthalenedicarboxylate (1,4-NDC). The subsequent RE-1,4-NDC-fcu-MOF structural features, contracted windows/pores and high concentration of open metal sites combined with exceptional hydrothermal and chemical stabilities, yielded nota-ble gas/solvent separation properties, driven mostly by adsorption kinetics as exemplified in this work for n-butane/methane, butanol/methanol and butanol/water pair systems.

Tunable Rare Earth fcu-MOF Platform: Access to Adsorption Kinetics Driven Gas/Vapor Separations via Pore Size Contraction

KAUST Repository

Xue, Dongxu

2015-03-31

Reticular chemistry approach was successfully employed to deliberately construct new rare-earth (RE, i.e. Eu3+, Tb3+ and Y3+) fcu metal‒organic frameworks (MOFs) with restricted window apertures. Controlled and selective access to the resultant contracted fcu-MOF pores permits the achievement of the requisite sorbate cut-off ideal for selective adsorption kinetics separation and/or molecular sieving of gases and vapors. Predetermined reaction conditions that permitted the formation in-situ of the 12-connected RE hexanuclear molecular building block (MBB) and the establishment of the RE-fcu-MOF plat-form, especially in the presence of 2-fluorobenzoic acid (2-FBA) as a modulator and a structure directing agent, were used to synthesize isostructural RE-1,4-NDC-fcu-MOFs based on a relatively bulkier 2-connected bridging ligand, namely 1,4-naphthalenedicarboxylate (1,4-NDC). The subsequent RE-1,4-NDC-fcu-MOF structural features, contracted windows/pores and high concentration of open metal sites combined with exceptional hydrothermal and chemical stabilities, yielded nota-ble gas/solvent separation properties, driven mostly by adsorption kinetics as exemplified in this work for n-butane/methane, butanol/methanol and butanol/water pair systems.

Tunable Rare Earth fcu-MOF Platform: Access to Adsorption Kinetics Driven Gas/Vapor Separations via Pore Size Contraction.

Science.gov (United States)

Xue, Dong-Xu; Belmabkhout, Youssef; Shekhah, Osama; Jiang, Hao; Adil, Karim; Cairns, Amy J; Eddaoudi, Mohamed

2015-04-22

Reticular chemistry approach was successfully employed to deliberately construct new rare-earth (RE, i.e., Eu(3+), Tb(3+), and Y(3+)) fcu metal-organic frameworks (MOFs) with restricted window apertures. Controlled and selective access to the resultant contracted fcu-MOF pores permits the achievement of the requisite sorbate cutoff, ideal for selective adsorption kinetics based separation and/or molecular sieving of gases and vapors. Predetermined reaction conditions that permitted the formation in situ of the 12-connected RE hexanuclear molecular building block (MBB) and the establishment of the first RE-fcu-MOF platform, especially in the presence of 2-fluorobenzoic acid (2-FBA) as a modulator and a structure directing agent, were used to synthesize isostructural RE-1,4-NDC-fcu-MOFs based on a relatively bulkier 2-connected bridging ligand, namely 1,4-naphthalenedicarboxylate (1,4-NDC). The subsequent RE-1,4-NDC-fcu-MOF structural features, contracted windows/pores and high concentration of open metal sites combined with exceptional hydrothermal and chemical stabilities, yielded notable gas/solvent separation properties, driven mostly by adsorption kinetics as exemplified in this work for n-butane/methane, butanol/methanol, and butanol/water pair systems.

DEMAND AND QUALITY UNCERTAINTY IN PECAN PURCHASING DECISIONS

OpenAIRE

Park, Timothy A.; Florkowski, Wojciech J.

1996-01-01

A generalized Heckman model of purchase decisions incorporating perceived consumer quality attributes, ease of purchase, and familiarity with marketing outlets as factors influencing pecan purchases is estimated. Marketing efforts that encourage consumers to expand expenditures on nut products increase both the probability of pecan purchases and the amount purchased. Consumers who use all types of nuts in a wider variety of foods tend to purchase pecans more frequently. A diverse set of marke...