TYPES OF CONTRACT Sample Clauses

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.
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TYPES OF CONTRACT. (Agreement) Cross-strait crew cooperation shall require the signing of the following contracts (agreements):
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TYPES OF CONTRACT. Following are the important types of contract for execution of Civil Engineering works
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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.
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TYPES OF CONTRACT. 2.1. Between N.V. BOING and the client is a sales agreement is reached when both parties agree on the subject and the price of the contract.
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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 Price-based Construction Contracts
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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. Time charter (TC) vessels are based on long term contracts, usually from one to three years where a fixed amount is paid on a daily basis and an accumulated cost of bunker per shipment. Contract of Affreightment (COA) is about two times as expensive as TC. Under COA, a predefined quantity of product is carried between specified ports within a set time frame. The price therefore is factor of the distance and quantity of cargo transported. SPOT rate/contract is used when customer demand exceed supply capacity usually in the peak season. The rate is about four times expensive as the TC contract. 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 LITERATURE REVIEW
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TYPES OF CONTRACT. Definition: An expression of willingness to enter a contract on certain terms. o Unilateral: An offer made to the general public which is to be accepted by performance (eg. Sign advertising reward for a lost dog) o Bilateral: Two parties each promise to perform an act in exchange for something else (eg. A promises to wash B’s car for $100). Both parties are executory meaning they will be performed at some point after the contract is formed. TEST: Must prove that a reasonable person would believe that an offer was made, the acceptance of which is binding (Xxxxxx)
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TYPES OF CONTRACT 
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Related to TYPES OF CONTRACT

  • TYPES OF CONTRACT MODIFICATIONS In order to expedite processing of a contract modification, where proposed changes involve more than one category below, each change should be submitted to OGS as a separate request.

  • TERMS OF CONTRACT 1.1 The Contractor shall provide the Authority with the Goods and/or Services in accordance with the terms and conditions of this Contract which shall comprise of all of the documents set out below in paragraph 1.2 (as the same may be supplemented or varied from time to time).

  • Grouping of contracts To the extent practicable, contracts for goods shall be grouped in bid packages estimated to cost $100,000 equivalent or more each.

  • BASIS OF CONTRACT 2.1 The Order constitutes an offer by the Customer to purchase Goods and/or Services in accordance with these Conditions.

  • Copies of Contract Upon final ratification and approval of this agreement, the employer shall prepare and make available to the bargaining agent and each of the employees in the bargaining unit a copy thereof.

  • Type of Contract The contract will be a one (1) year term contract from the date of award. Upon mutual agreement by the contractor and OSP, the contract may be renewed on a year-to-year basis, for up to (six (6)) additional (one year terms) or a portion thereof. In no event shall the total contract term be more than seven (7) years.

  • CONDITIONS OF CONTRACT The contractor shall at all times observe and comply with federal and State laws, local laws, ordinances, orders, and regulations existing at the time of or enacted subsequent to the execution of this contract which in any manner affect the completion of the work. The contractor shall indemnify and save harmless the agency and all its officers, representatives, agents, and employees against any claim or liability arising from or based upon the violation of any such law, ordinance, regulation, order or decree by an employee, representative, or subcontractor of the contractor.

  • Types of Coverage We offer the following types of coverage:

  • EXTENSION OF CONTRACT The Director of Procurement Services may, with the consent of the contractor extend the Contract period beyond the indicated expiration date.

  • TIME OF CONTRACT This Contract shall commence on , and shall terminate on . Certificate(s) of Insurance must be current on day Contract commences and if scheduled to lapse prior to termination date, must be automatically updated before final payment may be made to Contractor. The final invoice must be submitted within 30 days of completion of the stated scope of services.

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