Common use of Joint Proposal Clause in Contracts

Joint Proposal. The submission of an offer by multiple parties is conditioned upon the fulfillment of the following requirements: a. Each Offeror must sign the proposal and must fill in and sign the Offeror information sheet. b. If the joint proposal is accepted by IEC, the offerors will be, jointly and severally, obligated to sign the order/contract and to fulfill the terms and conditions, set forth therein. No split or division of obligations or responsibilities is permitted. c. The joint proposal will, irrevocably, designate one party and one bank account For purposes of correspondence and deposits of payments, which will be used by IEC, during the process of the inquiry/tender and the management of the order/contract, if the joint proposal is accepted. d. At least one of the offerors must fulfill all the threshold conditions, pertaining to the offerors, set forth in the inquiry/tender documents. In case of a closed or selective tender, at least one of the offerors must be listed in IEC's list of qualified suppliers, pertaining to the relevant product / goods/equipment. e. Any joint proposal shall comply with the provisions of the Restraint of Trade Law 5748 # 1988 and/or the instructions of the Commissioner of Restraint of Trade duly appointed by the Minister of Industry, Trade and Employment.

Joint Proposal. The submission of an offer by multiple parties is conditioned upon the fulfillment of the following requirements: a. 1. Each Offeror must sign the proposal and must fill in and sign the Offeror information sheet. b. 2. If the joint proposal is accepted by IEC, the offerors Offerors will be, jointly and severally, obligated to sign the orderOrder/contract Contract and to fulfill the terms and conditions, set forth therein. No split or division of obligations or responsibilities is permitted. c. 3. The joint proposal will, irrevocably, designate one party and one bank account For purposes of correspondence and deposits of payments, which will be used by IEC, during the process of the inquiry/tender and the management of the order/contract, if the joint proposal is accepted. d. 4. At least one of the offerors Offerors must fulfill all the threshold conditions, pertaining to the offerors, set forth in the inquiry/tender documents. In case of a closed or selective tender, at least one of the offerors Offerors must be listed in IEC's list of qualified suppliers, pertaining to the relevant product / goods/equipment/Services. e. 5. Any joint proposal shall comply with the provisions of the Restraint of Trade Law 5748 # 1988 and/or the instructions of the Commissioner of Restraint of Trade duly appointed by the Minister of Industry, Trade and Employment.

Joint Proposal. The submission of an offer by multiple parties is conditioned upon the fulfillment of the following requirements: a. Each Offeror must sign the proposal and must fill in and sign the Offeror information sheet. b. If the joint proposal is accepted by IEC, the offerors will be, jointly and severally, obligated to sign the order/contract and to fulfill the terms and conditions, set forth therein. No split or division of obligations or obligationsor responsibilities is permitted. c. The joint proposal will, irrevocably, designate one party and one bank account For for purposes of correspondence and deposits of payments, which will be used by IEC, during the process of the inquiry/tender and the management of the order/contract, if the joint proposal is accepted. d. At least one of the offerors must fulfill all the threshold conditions, pertaining to the offerors, set forth in the inquiry/tender documents. In case of a closed or selective tender, at least one of the offerors must be listed in IEC's list of qualified suppliers, pertaining to the relevant product / goods/equipment. e. Any joint proposal shall comply with the provisions of the Restraint of Trade Law 5748 # 1988 and/or the instructions of the Commissioner of Restraint of Trade duly appointed by the Minister of Industry, Trade and Employment.