AWARD OF CONTRACT/PURCHASE ORDER Sample Clauses

AWARD OF CONTRACT/PURCHASE ORDER. The award will be made to the bidder offering the lowest evaluated price and that meets the required standards of technical and financial capabilities. The successful bidder will sign a contract as per the attached form of contract and terms and conditions of supply. PAYMENT for your invoice will be made as following: In Advance: Ten (10%) percent of the Contract Price shall be paid within forteen (14) days of receipt by the Purchaser of an invoice for the advance payment and original Bank Guarantee for Advance Payment for equivalent amount valid until the goods are delivered in full amount and in the form acceptable to the Purchaser. The provided Bank Guarantee shall be confirmed by SWIFT message from the Bank to confirm the authenticity of the issued Guarantee. On Delivery: Eighty (80%) percent of the Contract Price shall be paid within thirty (30) days after the delivery of Goods and submission of the document specified under item 7, Delivery and Documents (Terms and Conditions of Supply).
Sample 1
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AWARD OF CONTRACT/PURCHASE ORDER. The award will be made to the bidder offering the lowest evaluated price and that meets the required standards of technical and financial capabilities. The successful bidder will sign a contract as per the attached form of contract and terms and conditions of supply. PAYMENT for your invoice will be made as following: In Advance: Ten (10%) percent of the Contract Price shall be paid within forteen (14) days of receipt by the Purchaser of an invoice for the advance payment and original Bank Guarantee for Advance Payment for equivalent amount valid until the goods are delivered in full amount and in the form acceptable to the Purchaser. The provided Bank Guarantee shall be confirmed by SWIFT message from the Bank to confirm the authenticity of the issued Guarantee. On Acceptance: Ten (90%) percent of the Contract Price shall be paid within thirty (30) days Acceptance Certificate issued by the Purchaser or its representative. DELIVERY The Goods shall be delivered to the Purchaser’s premises located by the following address:
Sample 1
AWARD OF CONTRACT/PURCHASE ORDER. Notwithstanding any other provision of this a. Waive any immaterial defect or informality: or b. Reject any or all proposals, or portions thereof, or c. Reissue a Request For Proposal d. Unless the Offeror states otherwise, the City reserves the right to award by individual line item, by group of line items, or as a total, whichever is deemed most advantageous to the City. If the Offeror’s offer is an “all or nothing” offer, it must be so indicated on the offer sheet.
Sample 1

Related to AWARD OF CONTRACT/PURCHASE ORDER

  • Award of Contract PLACE MENT OF ORDER (a) The Institute shall consider placement of orders for jobs on those bidders whose offers have been found technical, commercially and financially acceptable. The Institute reserves the right to counter offer price(s) against price(s) quoted by any bidder.

  • – AWARD OF CONTRACTS II.9.1 If the beneficiaries have to conclude contracts in order to carry out the action and they constitute costs of the action under an item of eligible direct costs in the estimated budget, they shall award the contract to the bid offering best value for money; in doing so, they shall take care to avoid any conflict of interests. II.9.2 Contracts as referred to in paragraph 1 may be awarded only in the following cases: a) they may only cover the execution of a limited part of the action; b) recourse to the award of contracts must be justified having regard to the nature of the action and what is necessary for its implementation; c) the tasks concerned must be set out in Annex I and the corresponding estimated costs must be set out in detail in the budget in Annex II; d) any recourse to the award of contracts while the action is under way, if not provided for in the initial grant application, shall be subject to prior written authorisation by the Commission; e) the beneficiaries shall retain sole responsibility for carrying out the action and for compliance with the provisions of the agreement. The beneficiaries must undertake to make the necessary arrangements to ensure that the contractor waives all rights in respect of the Commission under the agreement; f) the beneficiaries must undertake to ensure that the conditions applicable to them under Xxxxxxxx XX.0, XX.0, XX.0, XX.0, XX.0, XX.0, II.10 and II.20 of the agreement are also applicable to the contractor.

  • Conditions for Award of Contract The Borrower shall not award any Works contract which involves environmental impacts until:

  • Period of Contract All obligations of Purchaser shall be discharged not later than “Termination Date” stated in A15, unless it is adjusted pursuant to B8.21 or B8.212 or extended pursuant to B8.23 or B8.32, except- ing only those obligations for which Forest Service has given written permission to delay performance. Such writ- ten permission shall be considered a Contract Term Ad- justment for the purpose of Purchaser completing per- formance of obligations covered by such permission.

  • Award Agreement Each Option shall be evidenced by an Award Agreement that shall specify the Exercise Price, the expiration date of the Option, the number of Shares to which the Option pertains, any conditions to exercise of the Option, and such other terms and conditions as the Committee, in its discretion, shall determine. The Award Agreement shall specify whether the Option is intended to be an Incentive Stock Option or a Non-qualified Stock Option.

  • NOTICE OF STOCK OPTION GRANT Name: Address:

  • METHOD OF AWARD AND PROCEDURE FOR AWARDING A SOW AGREEMENT 5.1. Contractor selection, or the determination to terminate the SOW-RFP without award, shall be done in the best interest of the State.

  • Performance Under Purchase Contracts The Company covenants and agrees for the benefit of the Holders from time to time of the Units that it will duly and punctually perform its obligations under the Purchase Contracts in accordance with the terms of the Purchase Contracts and this Agreement.

  • Award of Option This Agreement evidences the grant to the Optionee of an option (the “Option”) to purchase [ ] shares of the Company’s Common Stock (the “Option Shares”). The Option is subject to the terms set forth herein, and in all respects is subject to the terms and provisions of the Plan, which terms and provisions are incorporated herein by this reference. Except as otherwise specified herein or unless the context herein requires otherwise, the terms defined in the Plan will have the same meanings herein.

  • Stock Option Agreement Each grant of an Option under the Plan shall be evidenced by a Stock Option Agreement between the Optionee and the Company. Such Option shall be subject to all applicable terms of the Plan and may be subject to any other terms that are not inconsistent with the Plan. The Stock Option Agreement shall specify whether the Option is an ISO or an NSO. The provisions of the various Stock Option Agreements entered into under the Plan need not be identical. Options may be granted in consideration of a reduction in the Optionee’s other compensation.

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