TYPES OF CONTRACT. UPDATES In order to expedite processing of a change request, where proposed changes involve more than one category below, they should be submitted to OGS as separate requests.
1) AUTO ADDS / DELETIONS - “Auto Adds/Deletions” are Contract changes and updates made in accordance with the previously approved Contract pricing formula; e.g., a “discount from list” or pricing based on an approved GSA-based price schedule. Auto Adds do not include any price increases. Auto Adds/Deletions include: i) adding new Products within the established, previously approved pricing structure, ii) lowering pricing for Products previously incorporated under the Contract, and iii) deleting Products previously incorporated under the Contract. For categories (i) and (ii) Auto Adds: Contractor shall electronically submit a list of ADDS 5 (five) days prior to the effective date. OGS will review the ADDS and notify the Contractor within that 5 (five) day period whether any of the ADDS are beyond the scope of the Contract. If OGS does not notify the Contractor of any issues before the close of business on the fifth day, the Contractor may then automatically update the Contract price list without prior approval of either OGS or the Comptroller and may proceed with selling Products. Contractor should note, however, that all Auto Adds approved by OGS are subject to a post audit by the Office of the State Comptroller. For category (iii) Auto Deletions, at the end of and subject to the period specified in Appendix B-1, Clause 80 (“Changes in Product or Service Offerings”), Contractor may automatically update the Contract price list by deleting the Product(s) without prior approval of either OGS or the Comptroller. After meeting the above criteria, Auto Adds must be immediately posted electronically by the Contractor at the Contract web site.
2) REGULAR ADD - “Regular Adds” are requests for i) price increases for Products which are already incorporated under the Contract, and ii) addition of new Products to the Contract which do not fall under the previously established price structure or discounts for Product types previously approved under the Contract. Regular Adds include rebundled Products or Services. Regular Adds must be submitted to OGS for prior approval and must be accompanied by a justification of reasonableness of price. Regular Adds are subject to pre-audit by the Comptroller. If approved, OGS staff will notify Contractor in writing. Price increases or new Product offerings tha...
TYPES OF CONTRACT. Following types of engineering contracts are used for execution of civil engineering works.
TYPES OF CONTRACT. Following are the important types of contract for execution of Civil Engineering works
TYPES OF CONTRACT. Choosing appropriate contract type is essential to successful performance under a contract. The type of contract determines the cost and performance risks which are placed on the contractor. There are two broad contract groups--fixed price and cost reimbursement. Within each of these groups, there are various types of contracts which can be used individually or in combination.
TYPES OF CONTRACT. There are many types of contracts used in construction. Each type has its advantages and disadvantages with respect to the owner and the contractor. They are categorized in two major groups as per method of payment to the contractor. Following are the types of construction contracts generally used in construction projects: o Lump sum contract o Unit price contract o Cost plus contract o Target cost contract
TYPES OF CONTRACT. Cross-strait crew cooperation shall require the signing of the following contracts:
(1) Crew cooperation contract signed between management company and intermediary organization.
(2) Crew dispatch contract signed between management company and crew.
(3) Crew contract signed between shipowner and crew.
(4) Crew commissioning contract signed between intermediary bodies and shipowners.
TYPES OF CONTRACT. Subject to the Terms of this Agreement, Service Provider, will enter into Contracts for the sale, purchase and delivery of currency with the Customer for:
i. spot settlement (‘Spot Contracts’), with a Maturity Date of TWO business days;
ii. forward settlement where the Maturity Date can be any date in the future after TWO business days ('Forward Contract'); and
iii. an exchange rate and settlement date to be determined when the rate desired by the customer becomes available in the market (a ‘Limit Order’). • With respect to Forward Contracts:
i. The Customer shall immediately pay a part payment as a deposit to secure the Trade ('Margin'), as specified below (see 11 MARGIN). Upon execution of the Transaction, the Customer shall subsequently pay any outstanding balance of the sold currency into a nominated account in cleared funds in accordance with the timescale specified below. Xxxxxx calls will be made as specified below (see 11 MARGIN). The Customer will have the right to claw-back any Margin held by Service Provider in excess of the minimums specified below.
ii. the Customer will be required to notify Service Provider not less than 24 hours before the Maturity Date of any Forward Contract or any draw down, with the details of the beneficiary, the payment means and delivery instructions.
iii. subject to any facility, Service Provider will require Margin as specified in the table below and Service Provider will be entitled to request from the Customer additional Margin in amounts notified by Service Provider to the Customer in the event of exchange rate fluctuations at any time prior to the Maturity Date. All requests for additional Margin must be met within 24 hours of Service Provider’s request or Service Provider reserves the right to close out all or any part of the original Transaction. Service Provider also reserves the right to change the Margin requirement from time-to-time upon notification to the Customer.
iv. With Service Provider’s agreement, the Customer may draw down against a Forward Contract at any time up until its Maturity Date.
v. Service Provider may agree with the Customer at any time prior to the Maturity Date to roll forward all or part of a Forward Contract until a later date upon agreement as to the terms and amounts payable by the Customer to Service Provider.
TYPES OF CONTRACT. Vessels with different capacities and specifications used by NorStone for transporting products are hired from external ship owners. The vessels are chartered under three types of contract; Time charter (TC), Contract of Affreightment (COA) and SPOT contracting. In general, the type of contract under which a vessel is chartered contributes a fixed cost and associated variable costs which is dependent on the distance, product weight and sometimes the region or location of the customer. This aspect becomes important when vessels are to be replaced and when contracts are being reviewed which takes place usually after a year or more. This is done in view of the anticipation of future demand and current demand such that these demands can be served as well as the long run benefit to the company in terms of cost savings with a balance to customer satisfaction[4]. Among the factors contributing to the cost in a contract include the year which the vessel is made and its operating costs, the purpose which it will serve i.e. type of cargo to be carried, the size and capacity of the vessel. Prices are also influenced by the market and season. In the anticipation of low demands during the year, vessel owners would prefer to have more of their vessels utilized and put them on long term contracts and spot rates fall. In contrast, when demands are high in the peak season, spot rates rise and vessel owners would prefer to have just a few of the vessels operating under long term contracts. Other factors are the negotiating ability of individuals, prior relations with vessel owners and possibility of having confidential contracts where different shippers are charged different prices[4]. CHAPTER THREE
TYPES OF CONTRACT. (Agreement)
(1) Crew cooperation contract (agreement) signed between management company and intermediary organization.
(2) Crew dispatch contract (agreement) signed between management company and crew.
(3) Crew contract (agreement) signed between shipowner and crew.
(4) Crew commissioning contract (agreement) signed between intermediary bodies and shipowners.
