Definitions (Art. 2) The following definitions apply to this contract:
Definitions (Art. 2) • Contract manager: The official or any other person who manages and controls the performance of the contract;
Definitions (Art. 2) - Managing or ‘lead official’: The official or any other person who manages and controls the performance of the contract; - Performance bond (or unconditional bank guarantee): Financial guarantee given by the contractor to cover its obligations until final and good performance of the contract; - Acceptance: Observation by the contracting authority that the performance of all or part of the works, supplies or services is in compliance with good practice and with the terms and conditions of the contract; - Instalment: Payment of part of the contract after service delivery is accepted; - Advance: Payment of part of the contract before service delivery is accepted; - Amendment: Agreement established between the contracting parties during contract performance in view of changing documents applicable to the contract.
Definitions (Art. 2) The following definitions apply to this procurement contract:
Definitions (Art. 2) The following definitions apply to this contract: The managing official: The official or any other person who manages and controls the performance of the contract; Performance bond: Financial collateral given by the contractor for its obligations until final and good performance of the public contract; Acceptance: Observation by the contracting authority that the performance by the contractor of all or part of the works, supplies or services is in compliance with good practice and with the terms and conditions of the contract; Progress payment: Payment of an instalment under the contract after service delivery is accepted; Advance: Payment of part of the contract before service delivery is accepted; Amendment: Agreement established between the contracting parties during contract performance in view of changing documents applicable to the contract.
