09.08 Emergencies and exigencies

In cases of officially declared emergencies, the Global PRC Chair may authorize the review of commercial contracts valued under US$ 200 000 under the “Fast-track” review modality.

The Fast-track review modality only involves the review by the PRC Chair, PRC Vice-chair and the PRC Coordinator of the Global PRC. Minutes of the Fast-track review and decision note are still applicable to the review.

There is no submission deadline for a Fast-track review.

When authorizing a Fast-track review, the minutes must state the justification for review.

For a Fast-track review modality that is applicable to non-commercial contracts, please see section 17.05 Approval of non-commercial contracts