Get the free Buy Local Policy Addendum January 2015 FINAL Amended 25 Feb 15.doc

ADDENDUM TO THE BUY LOCAL POLICY January 2016 This addendum deals with the: operation of the Buy Local Policy in the context of international agreements; and removal of provisions relating to countertrade.

How to fill out buy local policy addendum

How to Fill out Buy Local Policy Addendum:

1. Read and understand the main contract: Before filling out the buy local policy addendum, it is important to thoroughly review and comprehend the main contract or agreement that it is being added to. This will provide the context and necessary information for accurately completing the addendum.
2. Identify the purpose of the addendum: Determine the specific purpose or intention behind adding the buy local policy addendum to the contract. Is it to promote local businesses, ensure compliance with local regulations, or achieve certain socio-economic objectives? Understanding the purpose will help in tailoring the addendum accordingly.
3. Include relevant definitions and terms: Clearly define any specific terms or phrases that are pertinent to the buy local policy addendum. This could include defining what constitutes a local business, how compliance will be measured, or any other criteria that will be used in applying the policy.
4. Specify the requirements: Outline the requirements and obligations that need to be fulfilled in order to adhere to the buy local policy. This may involve specifying the percentage of local content or labor that needs to be used in the project, listing any documentation or reporting requirements, or detailing any potential penalties for non-compliance.
5. Include reporting and monitoring procedures: Determine how compliance with the buy local policy will be monitored and reported. This may involve requiring regular updates or progress reports, conducting audits or inspections, or any other measures to ensure adherence to the policy.
6. Consult legal or procurement professionals: If you are unsure about any aspect of the buy local policy addendum, seek advice from legal or procurement professionals. They can provide guidance on drafting the addendum to ensure it is legally binding, fair, and achieves the desired objectives.

Who needs Buy Local Policy Addendum:

1. Organizations implementing public procurement projects: Government entities or agencies that engage in public procurement projects often require the use of buy local policy addendum to promote local economic development and ensure a fair competition among local businesses.
2. Businesses participating in government contracts: Any business that is involved in government contracts or subcontracting opportunities may be required to fill out a buy local policy addendum. This is to verify compliance with local sourcing or employment regulations and to support the growth of local businesses.
3. Community development organizations: Non-profit organizations or community development agencies that aim to foster economic growth within a specific locality may use a buy local policy addendum when entering into agreements or partnerships. This helps to prioritize local businesses and align with their mission.

Note: The necessity of a buy local policy addendum may vary depending on the jurisdiction, industry, and specific contractual arrangements. It is essential to consult the relevant regulations and contractual agreements to determine if a buy local policy addendum is required in a particular context.

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