CONTRACTOR understands Sample Clauses
The "CONTRACTOR understands" clause serves to formally acknowledge that the contractor is aware of and comprehends specific terms, requirements, or conditions outlined in the contract. This clause typically applies to important aspects such as project scope, safety protocols, deadlines, or legal obligations, ensuring the contractor cannot later claim ignorance of these elements. Its core practical function is to establish a clear record that the contractor has been informed of and accepts key contractual expectations, thereby reducing the risk of disputes related to misunderstandings or lack of awareness.
CONTRACTOR understands. They will submit bid discounts and or pricing for products and services offered in this discount bid process;
CONTRACTOR understands that acceptance of funds under this Contract acts as acceptance of the authority of the State Auditor’s Office, Owner, any successor agency and their representatives, including independent auditors, to conduct an audit or investigation in connection with those funds. Contractor further agrees to cooperate fully with any party conducting the audit or investigation, including providing all records requested.