The PACS Standards Definitions forms part of GIACC’s Project Anti-Corruption System (PACS), which comprises 15 PACS Standards (see links at foot of this webpage).
[NOTE: This webpage and the webpages on PACS Standards 1 to 15 are being updated between 1st and 30th September 2021, during which time the page content may not be complete, and there may be inconsistencies on these pages.]
Anti-Corruption Obligations: include (1) relevant anti-corruption laws and regulations, (2) the Project Procedures (PACS Standard 1), (3) anti-corruption contractual commitments (PACS Standard 4), and (4) the Project Code of Conduct (PACS Standard 8).
Major Project Contract: A Project Contract with a contract value in excess of the equivalent of US$[1,000,000]*.
Major Project Sub-contract: A Project Sub-contract with a contract value in excess of the equivalent of US$[1,000,000]*.
Major Supplier: A Supplier which enters into a Major Project Contract with the Project Owner.
Major Sub-supplier: A Sub-supplier which enters into a Major Project Sub-Contract with a Major Supplier or a Major Sub-supplier.
Project: The infrastructure project which is planned to be implemented or which is being implemented.
Project Code of Conduct: The code of conduct applicable to the Project referred to in PACS Standard 8.
Project Contract: A contract between the Project Owner and a Supplier in relation to the Project.
Project Owner: The body or organisation which owns the Project.
Project Procedures: Anti-corruption procedures which the Project Owner is required, under PACS Standard 1, to design and implement in relation to the Project in order: (1) to give effect to the PACS Standards and relevant anti-corruption laws and regulations, and (2) to effectively manage the corruption risks in relation to the Project.
Project Sub-contract: A contract between a Supplier and a Sub-supplier, or between a Sub-supplier and a sub-sub-supplier, in relation to the Project.
Supplier: A supplier, contractor, consultant, funder, agent or other organisation which enters into a Project Contract with the Project Owner.
Sub-supplier: A supplier, contractor, consultant, funder, agent or other organisation which enters into a Project Sub-Contract with a Supplier or a Sub-supplier.
* Note: The Project Owner should establish a reasonable value threshold at which a Project Contract or Sub-contract should be deemed “Major”. GIACC has suggested a figure of $1,000,000.
Updated on 16th September 2021