Common use of Proforma Guarantees Clause in Contracts

Proforma Guarantees. C1.1 Form of Offer & Acceptance Offer The Employer, identified in the Acceptance signature block, has solicited offers to enter into a contract for the procurement of: Inspect, Remove, Refurbish/Manufacture and Install Ash Plant Related Components at Xxxxx Power Station Outage Department for a period of five years on an as and when required basis The tenderer, identified in the Offer signature block, has examined the documents listed in the Tender Data and addenda thereto and by submitting this Offer has accepted the Conditions of Tender. By the representative of the tenderer, deemed to be duly authorised, signing this part of this Form of Offer and Acceptance the tenderer offers to perform all of the obligations and liabilities of the Contractor under the contract including compliance with all its terms and conditions according to their true intent and meaning for an amount to be determined in accordance with the conditions of contract identified in the Contract Data. Options A The offered total of the Prices exclusive of VAT is R Sub total R Value Added Tax @ 15% is R The offered total of the amount due inclusive of VAT is1 R (in words) This Offer may be accepted by the Employer by signing the Acceptance part of this Form of Offer and Acceptance and returning one copy of this document including the Schedule of Deviations (if any) to the tenderer before the end of the period of validity stated in the Tender Data, or other period as agreed, whereupon the tenderer becomes the party named as the Contractor in the conditions of contract identified in the Contract Data. Signature(s) Name(s) Capacity For the tenderer: (Insert name and address of organisation) Name & signature of witness Date Tenderer’s CIDB registration number: 1 This total is required by the Employer for budgeting purposes only. Actual amounts due will be assessed in terms of the conditions of contract.

Appears in 2 contracts

Samples: tenderbulletins.co.za, etenders.treasury.gov.za

AutoNDA by SimpleDocs

Proforma Guarantees. C1 Agreements & Contract Data C1.1 Form of Offer & and Acceptance Offer The Employer, identified in the Acceptance page signature blockblock on the next page, has solicited offers to enter into a contract for the procurement of: InspectThe provision of a full maintenance service for Units 4 to 6 on ESP and DHP plants (Maintenance) and Refurbishment of the DHP and ESP during the outages on Units 4, Remove, Refurbish/Manufacture 5 and Install Ash Plant Related Components at Xxxxx Power Station Outage Department for a period of five years on an as and when required basis 6 The tenderer, identified in the Offer signature blockblock below, has having examined the documents listed in the Tender Data and addenda thereto as listed in the Tender Schedules, and by submitting this Offer has accepted the Conditions of Tender. By the representative of the tenderer, deemed to be duly authorised, signing this part of this Form of Offer and Acceptance the tenderer offers to perform all of the obligations and liabilities of the Contractor under the contract Contract including compliance with all its terms and conditions according to their true intent and meaning for an amount to be determined in accordance with the conditions of contract identified in the Contract Data. Options A The offered total of the Prices exclusive of VAT is R Sub total R Value Added Tax @ 15% is R The offered total of the amount due Prices inclusive of VAT is1 is R (in words)   This Offer may be accepted by the Employer by signing the form of Acceptance part of this Form of Offer and Acceptance overleaf and returning one copy of this document including the Schedule of Deviations (if any) to the tenderer before the end of the period of validity stated in the Tender Data, or other period as agreed, whereupon the tenderer becomes the party named as the Contractor in the conditions of contract identified in the Contract Data. Signature(s) Name(s) Capacity For the tenderer: (Insert name and address of organisation) Name & signature of witness Date Tenderer’s CIDB registration number: Acceptance By signing this part of this Form of Offer and Acceptance, the Employer identified below accepts the tenderer’s Offer. In consideration thereof, the Employer shall pay the Contractor the amount due in accordance with the conditions of contract identified in the Contract Data. Acceptance of the tenderer’s Offer shall form an Agreement between the Employer and the tenderer upon the terms and conditions contained in this Agreement and in the Contract that is the subject of this Agreement. The terms of the Contract, are contained in: Part 1 This total is required Agreements and Contract Data, (which includes this Form of Offer and Acceptance) Part 2 Pricing Data Part 3 Scope of Work: Service Information and drawings and documents (or parts thereof), which may be incorporated by reference into the above listed Parts. Deviations from and amendments to the documents listed in the Tender Data and any addenda thereto listed in the Tender Schedules as well as any changes to the terms of the Offer agreed by the tenderer and the Employer during this process of Offer and Acceptance, are contained in the Schedule of Deviations attached to and forming part of this Form of Offer and Acceptance. No amendments to or deviations from said documents are valid unless contained in this Schedule, which must be signed by the duly authorised representative(s) for budgeting purposes onlyboth parties. Actual amounts due will The tenderer shall within one week of receiving a completed copy of this Agreement, including the Schedule of Deviations (if any), contact the Employer’s agent (whose details are given in the Contract Data) to arrange the delivery of any securities, bonds, guarantees, proof of insurance and any other documentation to be assessed provided in terms of the conditions of contract identified in the Contract Data at, or just after, the date this Agreement comes into effect. Failure to fulfil any of these obligations in accordance with those terms shall constitute a repudiation of this Agreement. Notwithstanding anything contained herein, this Agreement comes into effect on the date when the tenderer receives one fully completed copy of this document, including the Schedule of Deviations (if any) together with all the terms of the contract as listed above. Signature(s) Name(s) Capacity for the Employer (Insert name and address of organisation) Name & signature of witness Date Schedule of Deviations Note: To be completed by the Employer prior to award of contract.. This part of the Offer & Acceptance would not be required if the contract has been developed by negotiation between the Parties and is not the result of a process of competitive tendering. The extent of deviations from the tender documents issued by the Employer prior to the tender closing date is limited to those permitted in terms of the Conditions of Tender. A tenderer’s covering letter must not be included in the final contract document. Should any matter in such letter, which constitutes a deviation as aforesaid be the subject of agreement reached during the process of Offer and Acceptance, the outcome of such agreement shall be recorded here and the final draft of the contract documents shall be revised to incorporate the effect of it. No. Subject Details 1     2     3     4     5     6     7     By the duly authorised representatives signing this Schedule of Deviations below, the Employer and the tenderer agree to and accept this Schedule of Deviations as the only deviations from and amendments to the documents listed in the Tender Data and any addenda thereto listed in the Tender Schedules, as well as any confirmation, clarification or changes to the terms of the Offer agreed by the tenderer and the Employer during this process of Offer and Acceptance. It is expressly agreed that no other matter whether in writing, oral communication or implied during the period between the issue of the tender documents and the receipt by the tenderer of a completed signed copy of this Form shall have any meaning or effect in the contract between the parties arising from this Agreement. For the tenderer: For the Employer Signature Name Capacity On behalf of (Insert name and address of organisation) Eskom Holdings SOC Limited Duvha Power Station P O Box 2199 WITBANK 1035 Name & signature of witness Date

Appears in 1 contract

Samples: 102.37.123.153

Proforma Guarantees. C1.1 Form of Offer & Acceptance Offer The Employer, identified in the Acceptance signature block, has solicited offers to enter into a contract for the procurement of: Inspect, Remove, Refurbish/Manufacture and Install Ash Plant Related Components at Xxxxx Power Station Outage Department Provision of Minibus Transport Services for Eskom employees for a period of five years on an as and when required basis 36 months. The tenderer, identified in the Offer signature block, has examined the documents listed in the Tender Data and addenda thereto and by submitting this Offer has accepted the Conditions of Tender. By the representative of the tenderer, deemed to be duly authorised, signing this part of this Form of Offer and Acceptance the tenderer offers to perform all of the obligations and liabilities of the Contractor under the contract including compliance with all its terms and conditions according to their true intent and meaning for an amount to be determined in accordance with the conditions of contract identified in the Contract Data. Options A or C The offered total of the Prices exclusive of VAT is R [●] Option E The first forecast of the total Defined Cost plus the Fee exclusive of VAT is R [●] Sub total R [●] Value Added Tax @ 1514% is R [●] The offered total of the amount due inclusive of VAT is1 R [●] (in words) [●] This Offer may be accepted by the Employer by signing the Acceptance part of this Form of Offer and Acceptance and returning one copy of this document including the Schedule of Deviations (if any) to the tenderer before the end of the period of validity stated in the Tender Data, or other period as agreed, whereupon the tenderer becomes the party named as the Contractor in the conditions of contract identified in the Contract Data. Signature(s) Name(s) Capacity For the tenderer: (Insert name and address of organisation) Name & signature of witness Date Tenderer’s CIDB registration number: 1 This total is required by the Employer for budgeting purposes only. Actual amounts due will be assessed in terms of the conditions of contract.

Appears in 1 contract

Samples: etenders.treasury.gov.za

Proforma Guarantees. C1.1 Form of Offer & Acceptance Offer The Employer, identified in the Acceptance signature block, has solicited offers to enter into a contract for the procurement of: Inspect, Remove, Refurbish/Manufacture The provision of plumbing services to the Lephalale / Groblersdal Zone within the Limpopo Operating Unit Distribution and Install Ash Plant Related Components at Xxxxx Power Station Outage Department Transmission for a period of five years on an as and when required basis 36 months The tenderer, identified in the Offer signature block, has examined the documents listed in the Tender Data and addenda thereto and by submitting this Offer has accepted the Conditions of Tender. By the representative of the tenderer, deemed to be duly authorised, signing this part of this Form of Offer and Acceptance the tenderer offers to perform all of the obligations and liabilities of the Contractor under the contract including compliance with all its terms and conditions according to their true intent and meaning for an amount to be determined in accordance with the conditions of contract identified in the Contract Data. Options A The offered total of the Prices exclusive of VAT is R Sub total R Value Added Tax @ 15% is R The offered total of the amount due inclusive of VAT is1 R (in words) Rates Rates – with a contract value This Offer may be accepted by the Employer by signing the Acceptance part of this Form of Offer and Acceptance and returning one copy of this document including the Schedule of Deviations (if any) to the tenderer before the end of the period of validity stated in the Tender Data, or other period as agreed, whereupon the tenderer becomes the party named as the Contractor in the conditions of contract identified in the Contract Data. Signature(s) Name(s) Capacity For the tenderer: (Insert name and address of organisation) Name & signature of witness Date Tenderer’s CIDB registration number: 1 This total Acceptance By signing this part of this Form of Offer and Acceptance, the Employer identified below accepts the tenderer’s Offer. In consideration thereof, the Employer shall pay the Contractor the amount due in accordance with the conditions of contract identified in the Contract Data. Acceptance of the tenderer’s Offer shall form an agreement between the Employer and the tenderer upon the terms and conditions contained in this agreement and in the contract that is required the subject of this agreement. The terms of the contract, are contained in: Part C1 Agreements and Contract Data, (which includes this Form of Offer and Acceptance) Part C2 Pricing Data Part C3 Scope of Work: Service Information and drawings and documents (or parts thereof), which may be incorporated by reference into the above listed Parts. Deviations from and amendments to the documents listed in the Tender Data and any addenda thereto listed in the Returnable Schedules as well as any changes to the terms of the Offer agreed by the tenderer and the Employer for budgeting purposes onlyduring this process of offer and acceptance, are contained in the Schedule of Deviations attached to and forming part of this Form of Offer and Acceptance. Actual amounts due will No amendments to or deviations from said documents are valid unless contained in this Schedule. The tenderer shall within two weeks of receiving a completed copy of this agreement, including the Schedule of Deviations (if any), contact the Employer’s agent (whose details are given in the Contract Data) to arrange the delivery of any securities, bonds, guarantees, proof of insurance and any other documentation to be assessed provided in terms of the conditions of contract.contract identified in the Contract Data at, or just after, the date this agreement comes into effect. Failure to fulfil any of these obligations in accordance with those terms shall constitute a repudiation of this agreement. Notwithstanding anything contained herein, this agreement comes into effect on the date when the tenderer receives one fully completed and signed original copy of this document, including the Schedule of Deviations (if any). Signature(s) Name(s) Capacity for the Employer (Insert name and address of organisation) Name & signature of witness Date Note: If a tenderer wishes to submit alternative tenders, use another copy of this Form of Offer and Acceptance. Schedule of Deviations to be completed by the Employer prior to contract award Note:

Appears in 1 contract

Samples: tenderbulletins.co.za

Proforma Guarantees. C1.1 Form of Offer & Acceptance Offer The Employer, identified in the Acceptance signature block, has solicited offers to enter into a contract for the procurement of: Inspect, Remove, RefurbishThe provision of vegetation Management (Xxxx Clearing/Manufacture Herbicide Application and Install Ash Plant Related Components at Xxxxx Power Station Outage Department for a period of five years on an as and when required basis Grass Cutting) in Kareefontein Middlefontein22kV/Flamingo Sentrum 22kV The tenderer, identified in the Offer signature block, has examined the documents listed in the Tender Data and addenda thereto and by submitting this Offer has accepted the Conditions of Tender. By the representative of the tenderer, deemed to be duly authorised, signing this part of this Form of Offer and Acceptance the tenderer offers to perform all of the obligations and liabilities of the Contractor under the contract including compliance with all its terms and conditions according to their true intent and meaning for an amount to be determined in accordance with the conditions of contract identified in the Contract Data. Options A The offered total of the Prices exclusive of VAT is R Sub total R Value Added Tax @ 15% is R The offered total of the amount due inclusive of VAT is1 R (in words) This Offer may be accepted by the Employer by signing the Acceptance part of this Form of Offer and Acceptance and returning one copy of this document including the Schedule of Deviations (if any) to the tenderer before the end of the period of validity stated in the Tender Data, or other period as agreed, whereupon the tenderer becomes the party named as the Contractor in the conditions of contract identified in the Contract Data. Signature(s) Name(s) Capacity For the tenderer: (Insert name and address of organisation) Name & signature of witness Date Tenderer’s CIDB registration number: 1 This total Acceptance By signing this part of this Form of Offer and Acceptance, the Employer identified below accepts the tenderer’s Offer. In consideration thereof, the Employer shall pay the Contractor the amount due in accordance with the conditions of contract identified in the Contract Data. Acceptance of the tenderer’s Offer shall form an agreement between the Employer and the tenderer upon the terms and conditions contained in this agreement and in the contract that is required the subject of this agreement. The terms of the contract, are contained in: Part C1 Agreements and Contract Data, (which includes this Form of Offer and Acceptance) Part C2 Pricing Data Part C3 Scope of Work: Service Information and drawings and documents (or parts thereof), which may be incorporated by reference into the above listed Parts. Deviations from and amendments to the documents listed in the Tender Data and any addenda thereto listed in the Returnable Schedules as well as any changes to the terms of the Offer agreed by the tenderer and the Employer for budgeting purposes onlyduring this process of offer and acceptance, are contained in the Schedule of Deviations attached to and forming part of this Form of Offer and Acceptance. Actual amounts due will No amendments to or deviations from said documents are valid unless contained in this Schedule. The tenderer shall within two weeks of receiving a completed copy of this agreement, including the Schedule of Deviations (if any), contact the Employer’s agent (whose details are given in the Contract Data) to arrange the delivery of any securities, bonds, guarantees, proof of insurance and any other documentation to be assessed provided in terms of the conditions of contract.contract identified in the Contract Data at, or just after, the date this agreement comes into effect. Failure to fulfil any of these obligations in accordance with those terms shall constitute a repudiation of this agreement. Notwithstanding anything contained herein, this agreement comes into effect on the date when the tenderer receives one fully completed and signed original copy of this document, including the Schedule of Deviations (if any). Signature(s) Name(s) Capacity for the Employer (Insert name and address of organisation) Name & signature of witness Date Note: If a tenderer wishes to submit alternative tenders, use another copy of this Form of Offer and Acceptance. Schedule of Deviations to be completed by the Employer prior to contract award Note:

Appears in 1 contract

Samples: etenders.treasury.gov.za

Proforma Guarantees. C1.1 Form of Offer & Acceptance Offer The Employer, identified in the Acceptance signature block, has solicited offers to enter into a contract for the procurement of: Inspect, Remove, Refurbish/Manufacture and Install Ash Plant Related Components at Xxxxx Power Station Outage Department Maintenance of Substations Buildings for various zones in the Limpopo Operating Unit over a period of five years thirty six (36) months on an as and when when” required basis The tenderer, identified in the Offer signature block, has examined the documents listed in the Tender Data and addenda thereto and by submitting this Offer has accepted the Conditions of Tender. By the representative of the tenderer, deemed to be duly authorised, signing this part of this Form of Offer and Acceptance the tenderer offers to perform all of the obligations and liabilities of the Contractor under the contract including compliance with all its terms and conditions according to their true intent and meaning for an amount to be determined in accordance with the conditions of contract identified in the Contract Data. Options A The offered total of the Prices exclusive of VAT is R Sub total R Value Added Tax @ 15% is R The offered total of the amount due inclusive of VAT is1 R Rates Based Contract (in words) Rate Based Contract This Offer may be accepted by the Employer by signing the Acceptance part of this Form of Offer and Acceptance and returning one copy of this document including the Schedule of Deviations (if any) to the tenderer before the end of the period of validity stated in the Tender Data, or other period as agreed, whereupon the tenderer becomes the party named as the Contractor in the conditions of contract identified in the Contract Data. Signature(s) Name(s) Capacity For the tenderer: (Insert name and address of organisation) Name & signature of witness Date Tenderer’s Tenderer‟s CIDB registration number: 1 This total Acceptance By signing this part of this Form of Offer and Acceptance, the Employer identified below accepts the tenderer‟s Offer. In consideration thereof, the Employer shall pay the Contractor the amount due in accordance with the conditions of contract identified in the Contract Data. Acceptance of the tenderer‟s Offer shall form an agreement between the Employer and the tenderer upon the terms and conditions contained in this agreement and in the contract that is required the subject of this agreement. The terms of the contract, are contained in: Part C1 Agreements and Contract Data, (which includes this Form of Offer and Acceptance) Part C2 Pricing Data Part C3 Scope of Work: Service Information and drawings and documents (or parts thereof), which may be incorporated by reference into the above listed Parts. Deviations from and amendments to the documents listed in the Tender Data and any addenda thereto listed in the Returnable Schedules as well as any changes to the terms of the Offer agreed by the tenderer and the Employer for budgeting purposes onlyduring this process of offer and acceptance, are contained in the Schedule of Deviations attached to and forming part of this Form of Offer and Acceptance. Actual amounts due will No amendments to or deviations from said documents are valid unless contained in this Schedule. The tenderer shall within two weeks of receiving a completed copy of this agreement, including the Schedule of Deviations (if any), contact the Employer‟s agent (whose details are given in the Contract Data) to arrange the delivery of any securities, bonds, guarantees, proof of insurance and any other documentation to be assessed provided in terms of the conditions of contract.contract identified in the Contract Data at, or just after, the date this agreement comes into effect. Failure to fulfil any of these obligations in accordance with those terms shall constitute a repudiation of this agreement. Notwithstanding anything contained herein, this agreement comes into effect on the date when the tenderer receives one fully completed and signed original copy of this document, including the Schedule of Deviations (if any). Signature(s) Name(s) Capacity for the Employer (Insert name and address of organisation) Name & signature of witness Date Note: If a tenderer wishes to submit alternative tenders, use another copy of this Form of Offer and Acceptance. Schedule of Deviations to be completed by the Employer prior to contract award Note:

Appears in 1 contract

Samples: etenders.treasury.gov.za

Proforma Guarantees. C1.1 Form of Offer & Acceptance Offer The Employer, identified in the Acceptance signature block, has solicited offers to enter into a contract for the procurement of: Inspect, Remove, Refurbish/Manufacture Provision of resources for the maintenance and Install Ash Plant Related Components at Xxxxx Power Station Outage Department operation of Kriel Mobile Oil Purifiers including the supply of oil purification machine and portable oil tankers when required for a period of five 5 years on an as and when required basis The tenderer, identified in the Offer signature block, has examined the documents listed in the Tender Data and addenda thereto and by submitting this Offer has accepted the Conditions of Tender. By the representative of the tenderer, deemed to be duly authorised, signing this part of this Form of Offer and Acceptance the tenderer offers to perform all of the obligations and liabilities of the Contractor under the contract including compliance with all its terms and conditions according to their true intent and meaning for an amount to be determined in accordance with the conditions of contract identified in the Contract Data. Options A The offered total of the Prices exclusive of VAT is R Sub total R Value Added Tax @ 15% is R The offered total of the amount due inclusive of VAT is1 R (in words) This Offer may be accepted by the Employer by signing the Acceptance part of this Form of Offer and Acceptance and returning one copy of this document including the Schedule of Deviations (if any) to the tenderer before the end of the period of validity stated in the Tender Data, or other period as agreed, whereupon the tenderer becomes the party named as the Contractor in the conditions of contract identified in the Contract Data. Signature(s) Name(s) Capacity For the tenderer: (Insert name and address of organisation) Name & signature of witness Date Tenderer’s CIDB registration number: n/a 1 This total is required by the Employer for budgeting purposes only. Actual amounts due will be assessed in terms of the conditions of contract.

Appears in 1 contract

Samples: tenderbulletins.co.za

Proforma Guarantees. C1.1 Form of Offer & Acceptance Offer The Employer, identified in the Acceptance signature block, has solicited offers to enter into a contract for the procurement of: Inspect, Remove, Refurbish/Manufacture and Install Ash Plant Related Components at Xxxxx Power Station Outage Department for a period of five years on an as and when required basis ENGINEERING WORKS ON EARTHMOVING EQUIPMENT The tenderer, identified in the Offer signature block, has examined the documents listed in the Tender Data and addenda thereto and by submitting this Offer has accepted the Conditions of Tender. By the representative of the tenderer, deemed to be duly authorised, signing this part of this Form of Offer and Acceptance the tenderer offers to perform all of the obligations and liabilities of the Contractor under the contract including compliance with all its terms and conditions according to their true intent and meaning for an amount to be determined in accordance with the conditions of contract identified in the Contract Data. Options A or C The offered total of the Prices exclusive of VAT is R Rates Option E The first forecast of the total Defined Cost plus the Fee exclusive of VAT is Rates Sub total R Rates Value Added Tax @ 15% is R Rates The offered total of the amount due inclusive of VAT is1 R Rates (in words) This Offer may be accepted by the Employer by signing the Acceptance part of this Form of Offer and Acceptance and returning one copy of this document including the Schedule of Deviations (if any) to the tenderer before the end of the period of validity stated in the Tender Data, or other period as agreed, whereupon the tenderer becomes the party named as the Contractor in the conditions of contract identified in the Contract Data. Signature(s) Name(s) Capacity For the tenderer: (Insert name and address of organisation) Name & signature of witness Date Tenderer’s Tenderer‟s CIDB registration number: 1 This total is required by the Employer for budgeting purposes only. Actual amounts due will be assessed in terms of the conditions of contract.

Appears in 1 contract

Samples: Confidentiality Agreement

Proforma Guarantees. C1.1 Form of Offer & Acceptance Offer The Employer, identified in the Acceptance signature block, has solicited offers to enter into a contract for the procurement of: Inspect, Remove, Refurbish/Manufacture and Install Ash Plant Related Components at Xxxxx Power Station Outage Department for a period of five years on an as and when required basis EMERGENCY HAZMAT RESPONSE FOR ESKOM ROTEK INDUSTRIES FOR A PERIOD OF THREE YEARS AS AND WHEN REQUIRED The tenderer, identified in the Offer signature block, has examined the documents listed in the Tender Data and addenda thereto and by submitting this Offer has accepted the Conditions of Tender. By the representative of the tenderer, deemed to be duly authorised, signing this part of this Form of Offer and Acceptance the tenderer offers to perform all of the obligations and liabilities of the Contractor under the contract including compliance with all its terms and conditions according to their true intent and meaning for an amount to be determined in accordance with the conditions of contract identified in the Contract Data. Options A The offered total of the Prices exclusive of VAT is R Rates Sub total R Rates Value Added Tax @ 15% is R Rates The offered total of the amount due inclusive of VAT is1 R Rates (in words) [●] This Offer may be accepted by the Employer by signing the Acceptance part of this Form of Offer and Acceptance and returning one copy of this document including the Schedule of Deviations (if any) to the tenderer before the end of the period of validity stated in the Tender Data, or other period as agreed, whereupon the tenderer becomes the party named as the Contractor in the conditions of contract identified in the Contract Data. Signature(s) Name(s) Capacity For the tenderer: (Insert name and address of organisation) Name & signature of witness Date Tenderer’s Tenderer‟s CIDB registration number: 1 This total is required by the Employer for budgeting purposes only. Actual amounts due will be assessed in terms of the conditions of contract.:

Appears in 1 contract

Samples: Confidentiality Agreement

Proforma Guarantees. C1.1 Form of Offer & Acceptance Offer The Employer, identified in the Acceptance signature block, has solicited offers to enter into a contract for the procurement of: Inspect, Remove, RefurbishThe provision of vegetation Management (Xxxx Clearing/Manufacture Herbicide Application and Install Ash Plant Related Components at Xxxxx Power Station Outage Department for a period of five years on an as and when required basis Grass Cutting) in Dwalboom Kamaspan22kV The tenderer, identified in the Offer signature block, has examined the documents listed in the Tender Data and addenda thereto and by submitting this Offer has accepted the Conditions of Tender. By the representative of the tenderer, deemed to be duly authorised, signing this part of this Form of Offer and Acceptance the tenderer offers to perform all of the obligations and liabilities of the Contractor under the contract including compliance with all its terms and conditions according to their true intent and meaning for an amount to be determined in accordance with the conditions of contract identified in the Contract Data. Options A The offered total of the Prices exclusive of VAT is R Sub total R Value Added Tax @ 15% is R The offered total of the amount due inclusive of VAT is1 R (in words) This Offer may be accepted by the Employer by signing the Acceptance part of this Form of Offer and Acceptance and returning one copy of this document including the Schedule of Deviations (if any) to the tenderer before the end of the period of validity stated in the Tender Data, or other period as agreed, whereupon the tenderer becomes the party named as the Contractor in the conditions of contract identified in the Contract Data. Signature(s) Name(s) Capacity For the tenderer: (Insert name and address of organisation) Name & signature of witness Date Tenderer’s CIDB registration number: 1 This total Acceptance By signing this part of this Form of Offer and Acceptance, the Employer identified below accepts the tenderer’s Offer. In consideration thereof, the Employer shall pay the Contractor the amount due in accordance with the conditions of contract identified in the Contract Data. Acceptance of the tenderer’s Offer shall form an agreement between the Employer and the tenderer upon the terms and conditions contained in this agreement and in the contract that is required the subject of this agreement. The terms of the contract, are contained in: Part C1 Agreements and Contract Data, (which includes this Form of Offer and Acceptance) Part C2 Pricing Data Part C3 Scope of Work: Service Information and drawings and documents (or parts thereof), which may be incorporated by reference into the above listed Parts. Deviations from and amendments to the documents listed in the Tender Data and any addenda thereto listed in the Returnable Schedules as well as any changes to the terms of the Offer agreed by the tenderer and the Employer for budgeting purposes onlyduring this process of offer and acceptance, are contained in the Schedule of Deviations attached to and forming part of this Form of Offer and Acceptance. Actual amounts due will No amendments to or deviations from said documents are valid unless contained in this Schedule. The tenderer shall within two weeks of receiving a completed copy of this agreement, including the Schedule of Deviations (if any), contact the Employer’s agent (whose details are given in the Contract Data) to arrange the delivery of any securities, bonds, guarantees, proof of insurance and any other documentation to be assessed provided in terms of the conditions of contract.contract identified in the Contract Data at, or just after, the date this agreement comes into effect. Failure to fulfil any of these obligations in accordance with those terms shall constitute a repudiation of this agreement. Notwithstanding anything contained herein, this agreement comes into effect on the date when the tenderer receives one fully completed and signed original copy of this document, including the Schedule of Deviations (if any). Signature(s) Name(s) Capacity for the Employer (Insert name and address of organisation) Name & signature of witness Date Note: If a tenderer wishes to submit alternative tenders, use another copy of this Form of Offer and Acceptance. Schedule of Deviations to be completed by the Employer prior to contract award Note:

Appears in 1 contract

Samples: tenderbulletins.co.za

Proforma Guarantees. C1.1 Form of Offer & Acceptance Offer The Employer, identified in the Acceptance signature block, has solicited offers to enter into a contract for the procurement of: Inspect, Remove, Refurbish/Manufacture and Install Ash Plant Related Components at Xxxxx Power Station Outage Department for a period of five years Live Work Training Services on an as and when required basis basis’ within Limpopo Operating unit The tenderer, identified in the Offer signature block, has examined the documents listed in the Tender Data and addenda thereto and by submitting this Offer has accepted the Conditions of Tender. By the representative of the tenderer, deemed to be duly authorised, signing this part of this Form of Offer and Acceptance the tenderer offers to perform all of the obligations and liabilities of the Contractor under the contract including compliance with all its terms and conditions according to their true intent and meaning for an amount to be determined in accordance with the conditions of contract identified in the Contract Data. Options A The offered total of the Prices exclusive of VAT is R Sub total R Value Added Tax @ 15% is R The offered total of the amount due inclusive of VAT is1 R Rates Based Contract (in words) Rate Based Contract This Offer may be accepted by the Employer by signing the Acceptance part of this Form of Offer and Acceptance and returning one copy of this document including the Schedule of Deviations (if any) to the tenderer before the end of the period of validity stated in the Tender Data, or other period as agreed, whereupon the tenderer becomes the party named as the Contractor in the conditions of contract identified in the Contract Data. Signature(s) Name(s) Capacity For the tenderer: (Insert name and address of organisation) Name & signature of witness Date Tenderer’s CIDB registration number: 1 This total Acceptance By signing this part of this Form of Offer and Acceptance, the Employer identified below accepts the tenderer’s Offer. In consideration thereof, the Employer shall pay the Contractor the amount due in accordance with the conditions of contract identified in the Contract Data. Acceptance of the tenderer’s Offer shall form an agreement between the Employer and the tenderer upon the terms and conditions contained in this agreement and in the contract that is required the subject of this agreement. The terms of the contract, are contained in: Part C1 Agreements and Contract Data, (which includes this Form of Offer and Acceptance) Part C2 Pricing Data Part C3 Scope of Work: Service Information and drawings and documents (or parts thereof), which may be incorporated by reference into the above listed Parts. Deviations from and amendments to the documents listed in the Tender Data and any addenda thereto listed in the Returnable Schedules as well as any changes to the terms of the Offer agreed by the tenderer and the Employer for budgeting purposes onlyduring this process of offer and acceptance, are contained in the Schedule of Deviations attached to and forming part of this Form of Offer and Acceptance. Actual amounts due will No amendments to or deviations from said documents are valid unless contained in this Schedule. The tenderer shall within two weeks of receiving a completed copy of this agreement, including the Schedule of Deviations (if any), contact the Employer’s agent (whose details are given in the Contract Data) to arrange the delivery of any securities, bonds, guarantees, proof of insurance and any other documentation to be assessed provided in terms of the conditions of contract.contract identified in the Contract Data at, or just after, the date this agreement comes into effect. Failure to fulfil any of these obligations in accordance with those terms shall constitute a repudiation of this agreement. Notwithstanding anything contained herein, this agreement comes into effect on the date when the tenderer receives one fully completed and signed original copy of this document, including the Schedule of Deviations (if any). Signature(s) Name(s) Capacity for the Employer (Insert name and address of organisation) Name & signature of witness Date Note: If a tenderer wishes to submit alternative tenders, use another copy of this Form of Offer and Acceptance. Schedule of Deviations to be completed by the Employer prior to contract award Note:

Appears in 1 contract

Samples: etenders.treasury.gov.za

AutoNDA by SimpleDocs

Proforma Guarantees. C1.1 Form of Offer & Acceptance Offer The Employer, identified in the Acceptance signature block, has solicited offers to enter into a contract for the procurement of: Inspect, Remove, RefurbishThe provision of vegetation Management (Xxxx Clearing/Manufacture Herbicide Application and Install Ash Plant Related Components at Xxxxx Power Station Outage Department for a period of five years on an as and when required basis Grass Cutting) in Bloedrevier Bloedrevier 22KV/Diggalokeng Mapoch11kV Feeder 22kV The tenderer, identified in the Offer signature block, has examined the documents listed in the Tender Data and addenda thereto and by submitting this Offer has accepted the Conditions of Tender. By the representative of the tenderer, deemed to be duly authorised, signing this part of this Form of Offer and Acceptance the tenderer offers to perform all of the obligations and liabilities of the Contractor under the contract including compliance with all its terms and conditions according to their true intent and meaning for an amount to be determined in accordance with the conditions of contract identified in the Contract Data. Options A The offered total of the Prices exclusive of VAT is R Sub total R Value Added Tax @ 15% is R The offered total of the amount due inclusive of VAT is1 R (in words) This Offer may be accepted by the Employer by signing the Acceptance part of this Form of Offer and Acceptance and returning one copy of this document including the Schedule of Deviations (if any) to the tenderer before the end of the period of validity stated in the Tender Data, or other period as agreed, whereupon the tenderer becomes the party named as the Contractor in the conditions of contract identified in the Contract Data. Signature(s) Name(s) Capacity For the tenderer: (Insert name and address of organisation) Name & signature of witness Date Tenderer’s CIDB registration number: 1 This total Acceptance By signing this part of this Form of Offer and Acceptance, the Employer identified below accepts the tenderer’s Offer. In consideration thereof, the Employer shall pay the Contractor the amount due in accordance with the conditions of contract identified in the Contract Data. Acceptance of the tenderer’s Offer shall form an agreement between the Employer and the tenderer upon the terms and conditions contained in this agreement and in the contract that is required the subject of this agreement. The terms of the contract, are contained in: Part C1 Agreements and Contract Data, (which includes this Form of Offer and Acceptance) Part C2 Pricing Data Part C3 Scope of Work: Service Information and drawings and documents (or parts thereof), which may be incorporated by reference into the above listed Parts. Deviations from and amendments to the documents listed in the Tender Data and any addenda thereto listed in the Returnable Schedules as well as any changes to the terms of the Offer agreed by the tenderer and the Employer for budgeting purposes onlyduring this process of offer and acceptance, are contained in the Schedule of Deviations attached to and forming part of this Form of Offer and Acceptance. Actual amounts due will No amendments to or deviations from said documents are valid unless contained in this Schedule. The tenderer shall within two weeks of receiving a completed copy of this agreement, including the Schedule of Deviations (if any), contact the Employer’s agent (whose details are given in the Contract Data) to arrange the delivery of any securities, bonds, guarantees, proof of insurance and any other documentation to be assessed provided in terms of the conditions of contract.contract identified in the Contract Data at, or just after, the date this agreement comes into effect. Failure to fulfil any of these obligations in accordance with those terms shall constitute a repudiation of this agreement. Notwithstanding anything contained herein, this agreement comes into effect on the date when the tenderer receives one fully completed and signed original copy of this document, including the Schedule of Deviations (if any). Signature(s) Name(s) Capacity for the Employer (Insert name and address of organisation) Name & signature of witness Date Note: If a tenderer wishes to submit alternative tenders, use another copy of this Form of Offer and Acceptance. Schedule of Deviations to be completed by the Employer prior to contract award Note:

Appears in 1 contract

Samples: tenderbulletins.co.za

Proforma Guarantees. C1.1 Form of Offer & Acceptance Offer The Employer, identified in the Acceptance signature block, has solicited offers to enter into a contract for the procurement of: Inspect, Remove, Refurbish/Manufacture The supply and Install Ash Plant Related Components at Xxxxx Power Station Outage Department delivery of various low voltage and medium voltage cables to Polokwane and Xxxx-Xxxx warehouses within Limpopo Operating Unit on an “as and when required basis” for a period of five years on an as and when required basis The tenderer, identified in the Offer signature block, has thirty –six (36) months either examined the documents listed in the Tender Contract Data and addenda thereto as listed in the Returnable Schedules, and by submitting this Offer has accepted the Conditions of TenderContract. or examined the draft contract as listed in the Acceptance section and agreed to provide this Offer. By the representative of the tendererTenderer, deemed to be duly authorised, signing this part of this Form of Offer and Acceptance the tenderer Tenderer offers to perform all of the obligations and liabilities of the Contractor Tenderer under the contract including compliance with all its terms and conditions according to their true intent and meaning for an amount to be determined in accordance with the conditions of contract identified in the Contract Data. Options A The offered total of the Prices exclusive of VAT is R Sub total R Value Added Tax @ 15% is R The offered total of the amount due inclusive of VAT is1 R (in words) Including VAT This Offer may be accepted by the Employer by signing the Acceptance part of this Form of Offer and Acceptance and returning one copy of this document including the Schedule of Deviations (if any) to the tenderer Tenderer before the end of the period of validity stated in the Tender Contract Data, or other period as agreed, whereupon the tenderer Tenderer becomes the party named as the Contractor Tenderer in the conditions of contract identified in the Contract Data. Signature(s) Name(s) Capacity For the tendererTenderer: (Insert name and address of organisation) Name & signature of witness Date Tenderer’s CIDB registration number: 1 This total is required by the Employer Purchaser for budgeting purposes only. Actual amounts due will be assessed in terms of the conditions of contract.

Appears in 1 contract

Samples: etenders.treasury.gov.za

Proforma Guarantees. C1.1 Form of Offer & Acceptance Offer The Employer, identified in the Acceptance signature block, has solicited offers to enter into a contract for the procurement of: Inspect, Remove, Refurbish/Manufacture and Install Ash Plant Related Components at Xxxxx Power Station Outage Department for a period of five years on an as and when required basis SEAT REPAIRS ON MOBILE PLANT The tenderer, identified in the Offer signature block, has examined the documents listed in the Tender Data and addenda thereto and by submitting this Offer has accepted the Conditions of Tender. By the representative of the tenderer, deemed to be duly authorised, signing this part of this Form of Offer and Acceptance the tenderer offers to perform all of the obligations and liabilities of the Contractor under the contract including compliance with all its terms and conditions according to their true intent and meaning for an amount to be determined in accordance with the conditions of contract identified in the Contract Data. Options A or C The offered total of the Prices exclusive of VAT is R Rates Option E The first forecast of the total Defined Cost plus the Fee exclusive of VAT is Rates Sub total R Rates Value Added Tax @ 15% is R Rates The offered total of the amount due inclusive of VAT is1 R Rates (in words) This Offer may be accepted by the Employer by signing the Acceptance part of this Form of Offer and Acceptance and returning one copy of this document including the Schedule of Deviations (if any) to the tenderer before the end of the period of validity stated in the Tender Data, or other period as agreed, whereupon the tenderer becomes the party named as the Contractor in the conditions of contract identified in the Contract Data. Signature(s) Name(s) Capacity For the tenderer: (Insert name and address of organisation) Name & signature of witness Date Tenderer’s Tenderer‟s CIDB registration number: 1 This total is required by the Employer for budgeting purposes only. Actual amounts due will be assessed in terms of the conditions of contract.

Appears in 1 contract

Samples: Confidentiality Agreement

Proforma Guarantees. C1.1 Form of Offer & Acceptance Offer The Employer, identified in the Acceptance signature block, has solicited offers to enter into a contract for the procurement of: Inspect, Remove, Refurbish/Manufacture and Install Ash Plant Related Components at Xxxxx Power Station Outage Department for a period of five years on an as and when required basis AUTOMOTIVE AIR CONDITIONER REPAIRS AND MAINTENANCE (MOBILE EQUIPMENT) The tenderer, identified in the Offer signature block, has examined the documents listed in the Tender Data and addenda thereto and by submitting this Offer has accepted the Conditions of Tender. By the representative of the tenderer, deemed to be duly authorised, signing this part of this Form of Offer and Acceptance the tenderer offers to perform all of the obligations and liabilities of the Contractor under the contract including compliance with all its terms and conditions according to their true intent and meaning for an amount to be determined in accordance with the conditions of contract identified in the Contract Data. Options A or C The offered total of the Prices exclusive of VAT is R Rates Option E The first forecast of the total Defined Cost plus the Fee exclusive of VAT is Rates Sub total R Rates Value Added Tax @ 15% is R Rates The offered total of the amount due inclusive of VAT is1 R Rates (in words) This Offer may be accepted by the Employer by signing the Acceptance part of this Form of Offer and Acceptance and returning one copy of this document including the Schedule of Deviations (if any) to the tenderer before the end of the period of validity stated in the Tender Data, or other period as agreed, whereupon the tenderer becomes the party named as the Contractor in the conditions of contract identified in the Contract Data. Signature(s) Name(s) Capacity For the tenderer: (Insert name and address of organisation) Name & signature of witness Date Tenderer’s Tenderer‟s CIDB registration number: 1 This total is required by the Employer for budgeting purposes only. Actual amounts due will be assessed in terms of the conditions of contract.

Appears in 1 contract

Samples: Confidentiality Agreement

Proforma Guarantees. C1.1 Form of Offer & Acceptance Offer The Employer, identified in the Acceptance signature block, has solicited offers to enter into a contract for the procurement of: Inspect, Remove, Refurbish/Manufacture and Install Ash Plant Related Components at Xxxxx Power Station Outage Department for a period of five years Single Phase Testing Training Services on an as and when required basis basis’ within Limpopo Operating unit The tenderer, identified in the Offer signature block, has examined the documents listed in the Tender Data and addenda thereto and by submitting this Offer has accepted the Conditions of Tender. By the representative of the tenderer, deemed to be duly authorised, signing this part of this Form of Offer and Acceptance the tenderer offers to perform all of the obligations and liabilities of the Contractor under the contract including compliance with all its terms and conditions according to their true intent and meaning for an amount to be determined in accordance with the conditions of contract identified in the Contract Data. Options A The offered total of the Prices exclusive of VAT is R Sub total R Value Added Tax @ 15% is R The offered total of the amount due inclusive of VAT is1 R Rates Based Contract (in words) words)Rate Based Contract This Offer may be accepted by the Employer by signing the Acceptance part of this Form of Offer and Acceptance and returning one copy of this document including the Schedule of Deviations (if any) to the tenderer before the end of the period of validity stated in the Tender Data, or other period as agreed, whereupon the tenderer becomes the party named as the Contractor in the conditions of contract identified in the Contract Data. Signature(s) Name(s) Capacity For the tenderer: (Insert name and address of organisation) Name & signature of witness Date Tenderer’s CIDB registration number: 1 This total Acceptance By signing this part of this Form of Offer and Acceptance, the Employer identified below accepts the tenderer’s Offer. In consideration thereof, the Employer shall pay the Contractor the amount due in accordance with the conditions of contract identified in the Contract Data. Acceptance of the tenderer’s Offer shall form an agreement between the Employer and the tenderer upon the terms and conditions contained in this agreement and in the contract that is required the subject of this agreement. The terms of the contract, are contained in: Part C1 Agreements and Contract Data, (which includes this Form of Offer and Acceptance) Part C2 Pricing Data Part C3 Scope of Work: Service Information and drawings and documents (or parts thereof), which may be incorporated by reference into the above listed Parts. Deviations from and amendments to the documents listed in the Tender Data and any addenda thereto listed in the Returnable Schedules as well as any changes to the terms of the Offer agreed by the tenderer and the Employer for budgeting purposes onlyduring this process of offer and acceptance, are contained in the Schedule of Deviations attached to and forming part of this Form of Offer and Acceptance. Actual amounts due will No amendments to or deviations from said documents are valid unless contained in this Schedule. The tenderer shall within two weeks of receiving a completed copy of this agreement, including the Schedule of Deviations (if any), contact the Employer’s agent (whose details are given in the Contract Data) to arrange the delivery of any securities, bonds, guarantees, proof of insurance and any other documentation to be assessed provided in terms of the conditions of contract.contract identified in the Contract Data at, or just after, the date this agreement comes into effect. Failure to fulfil any of these obligations in accordance with those terms shall constitute a repudiation of this agreement. Notwithstanding anything contained herein, this agreement comes into effect on the date when the tenderer receives one fully completed and signed original copy of this document, including the Schedule of Deviations (if any). Signature(s) Name(s) Capacity for the Employer (Insert name and address of organisation) Name & signature of witness Date Note: If a tenderer wishes to submit alternative tenders, use another copy of this Form of Offer and Acceptance. Schedule of Deviations to be completed by the Employer prior to contract award Note:

Appears in 1 contract

Samples: etenders.treasury.gov.za

Proforma Guarantees. C1.1 Form of Offer & Acceptance Offer The Employer, identified in the Acceptance signature block, has solicited offers to enter into a contract for the procurement of: Inspect, Remove, RefurbishThe provision of vegetation Management (Xxxx Clearing/Manufacture Herbicide Application and Install Ash Plant Related Components at Xxxxx Power Station Outage Department for a period of five years on an as and when required basis Grass Cutting in Polokwane (Pietersburgh Braaksloot 22kV/Dendron Legkraal22kV) The tenderer, identified in the Offer signature block, has examined the documents listed in the Tender Data and addenda thereto and by submitting this Offer has accepted the Conditions of Tender. By the representative of the tenderer, deemed to be duly authorised, signing this part of this Form of Offer and Acceptance the tenderer offers to perform all of the obligations and liabilities of the Contractor under the contract including compliance with all its terms and conditions according to their true intent and meaning for an amount to be determined in accordance with the conditions of contract identified in the Contract Data. Options A The offered total of the Prices exclusive of VAT is R Sub total R Value Added Tax @ 15% is R The offered total of the amount due inclusive of VAT is1 R (in words) This Offer may be accepted by the Employer by signing the Acceptance part of this Form of Offer and Acceptance and returning one copy of this document including the Schedule of Deviations (if any) to the tenderer before the end of the period of validity stated in the Tender Data, or other period as agreed, whereupon the tenderer becomes the party named as the Contractor in the conditions of contract identified in the Contract Data. Signature(s) Name(s) Capacity For the tenderer: (Insert name and address of organisation) Name & signature of witness Date Tenderer’s CIDB registration number: 1 This total Acceptance By signing this part of this Form of Offer and Acceptance, the Employer identified below accepts the tenderer’s Offer. In consideration thereof, the Employer shall pay the Contractor the amount due in accordance with the conditions of contract identified in the Contract Data. Acceptance of the tenderer’s Offer shall form an agreement between the Employer and the tenderer upon the terms and conditions contained in this agreement and in the contract that is required the subject of this agreement. The terms of the contract, are contained in: Part C1 Agreements and Contract Data, (which includes this Form of Offer and Acceptance) Part C2 Pricing Data Part C3 Scope of Work: Service Information and drawings and documents (or parts thereof), which may be incorporated by reference into the above listed Parts. Deviations from and amendments to the documents listed in the Tender Data and any addenda thereto listed in the Returnable Schedules as well as any changes to the terms of the Offer agreed by the tenderer and the Employer for budgeting purposes onlyduring this process of offer and acceptance, are contained in the Schedule of Deviations attached to and forming part of this Form of Offer and Acceptance. Actual amounts due will No amendments to or deviations from said documents are valid unless contained in this Schedule. The tenderer shall within two weeks of receiving a completed copy of this agreement, including the Schedule of Deviations (if any), contact the Employer’s agent (whose details are given in the Contract Data) to arrange the delivery of any securities, bonds, guarantees, proof of insurance and any other documentation to be assessed provided in terms of the conditions of contract.contract identified in the Contract Data at, or just after, the date this agreement comes into effect. Failure to fulfil any of these obligations in accordance with those terms shall constitute a repudiation of this agreement. Notwithstanding anything contained herein, this agreement comes into effect on the date when the tenderer receives one fully completed and signed original copy of this document, including the Schedule of Deviations (if any). Signature(s) Name(s) Capacity for the Employer (Insert name and address of organisation) Name & signature of witness Date Note: If a tenderer wishes to submit alternative tenders, use another copy of this Form of Offer and Acceptance. Schedule of Deviations to be completed by the Employer prior to contract award Note:

Appears in 1 contract

Samples: tenderbulletins.co.za

Proforma Guarantees. C1.1 Form of Offer & Acceptance Offer The Employer, identified in the Acceptance signature block, has solicited offers to enter into a contract for the procurement of: Inspect, Remove, Refurbish/Manufacture and Install Ash Plant Related Components at Xxxxx Power Station Outage Department for a period of five years on an as and when required basis HYDRAULIC COMPONENTS REPAIRS AND MAINTENANCE ON EARTHMOVING EQUIPMENT The tenderer, identified in the Offer signature block, has examined the documents listed in the Tender Data and addenda thereto and by submitting this Offer has accepted the Conditions of Tender. By the representative of the tenderer, deemed to be duly authorised, signing this part of this Form of Offer and Acceptance the tenderer offers to perform all of the obligations and liabilities of the Contractor under the contract including compliance with all its terms and conditions according to their true intent and meaning for an amount to be determined in accordance with the conditions of contract identified in the Contract Data. Options A or C The offered total of the Prices exclusive of VAT is R Rates Option E The first forecast of the total Defined Cost plus the Fee exclusive of VAT is Rates Sub total R Rates Value Added Tax @ 15% is R Rates The offered total of the amount due inclusive of VAT is1 R Rates (in words) This Offer may be accepted by the Employer by signing the Acceptance part of this Form of Offer and Acceptance and returning one copy of this document including the Schedule of Deviations (if any) to the tenderer before the end of the period of validity stated in the Tender Data, or other period as agreed, whereupon the tenderer becomes the party named as the Contractor in the conditions of contract identified in the Contract Data. Signature(s) Name(s) Capacity For the tenderer: (Insert name and address of organisation) Name & signature of witness Date Tenderer’s Tenderer‟s CIDB registration number: 1 This total is required by the Employer for budgeting purposes only. Actual amounts due will be assessed in terms of the conditions of contract.

Appears in 1 contract

Samples: Confidentiality Agreement

Time is Money Join Law Insider Premium to draft better contracts faster.