Basic Contract Value definition

Basic Contract Value means the total purchase price of the entire quantity (100%) of the Goods and/or Services, specified in the Tender/Inquiry documents (not including options), in the currency, designated by the Supplier and approved by the Purchaser.
Sample 1Sample 2Sample 3
Basic Contract Value. - shall mean the total purchase price of the entire quantity (100%) of the Goods, specified in the Tender/Inquiry documents (not including options), in the currency, designated by the Supplier and approved by the Purchaser.
Sample 1Sample 2Sample 3
Basic Contract Value means the lump sum amount (Excluding all duties and taxes/GST).
Sample 1Sample 2Sample 3

Examples of Basic Contract Value in a sentence

  • The contract performance security shall be 3% of annualized Basic Contract Value (without G S T therein).

  • Additional terms used shall have the following meanings 1.1. "Basic Contract Value" - shall mean the total purchase price of the entire quantity (100%) of the Goods, specified in the Tender/Inquiry documents (not including options), in the currency, designated by the Supplier and approved by the Purchaser.

  • During the Basic Frame Contract Period (and the “Extension Period”, detailed in paragraphs 2.2 and 2.3, below, if applicable), the Purchaser will purchase from the Supplier and the Supplier will sell to the Purchaser, Goods and/or Services of a total value, which is equal to the “Contract Value”, subject to the Purchaser's right to increase the Basic Contract Value by up to 40% or decrease the Basic Contract Value by up to 40%.

  • The contract performance security shall be 3% of annualized Basic Contract Value (without GST therein).

  • First Optionin an amount not to exceed 50% of the Basic Contract Value (hereinafter "Option Value") (subject to the Purchaser's right to increase the Option Value by up to 50% or decrease the Option Value by up to 50%) up to a period of 12 months (hereinafter: the “First Option Period”), beginning at the end of the Basic Frame Contract Period, or at the end of the “Extension Period”, as applicable.

  • First Optionin an amount not to exceed 50% of the Basic Contract Value (hereinafter "Option Value") (subject to the Purchaser's right to increase the Option Value by up to 40% or decrease the Option Value by up to 40%) up to a period of 12 months (hereinafter: the “First Option Period”), beginning at the end of the Basic Frame Contract Period, or at the end of the “Extension Period”, as applicable.

  • The contract performance security shall be 3% of annualized Basic Contract Value (without GST therein) towards faithful performance of the contractual obligations and must be valid for 03 months beyond the contract period.

  • Additional terms used shall have the following meanings 1.1 "Basic Contract Value" - shall mean the total purchase price of the entire quantity (100%) of the Goods, specified in the Tender/Inquiry documents (not including options), in the currency, designated by the Supplier and approved by the Purchaser.

  • During the Basic Frame Contract Period (and the “Extension Period”, detailed in paragraphs 2.2 and 2.3, below, if applicable), the Purchaser will purchase from the Supplier and the Supplier will sell to the Purchaser, Goods and/or Services of a total value, which is equal to the “Contract Value”, subject to the Purchaser's right to increase the Basic Contract Value by up to 50% or decrease the Basic Contract Value by up to 50%.

  • The contract performance security shall be 3% of annualized Basic Contract Value (without GST therein) towards faithful performance of the contractual obligations and must be valid for 3 months beyond the contract period.


More Definitions of Basic Contract Value

Basic Contract Value. - shall mean the total purchase price of the entire quantity (100%) of the Goods,
Sample 1

Related to Basic Contract Value

  • Contract Value means that portion of the Contract Price adjusted to give effect to such additions or deductions as are provided for in the Contract which is properly apportion-able to the Goods or Services in question.

  • The Contract Value means the amount payable to the Bidder under the contract for the full and proper performance of its contractual obligations.

  • Total Contract Value means contract value plus statutory dues like GST etc. and any other amount payable under contract.

  • Average Contract Value means the higher of (inclusive of carbon tax but exclusive of goods and services tax) the (i) average of the total amount payable by the Consumer to the Retailer based on the average electricity consumption of three (3) months (before the date of termination) or (ii) the total amount payable by the Consumer to the Retailer based on the Declared Monthly Consumption.

  • Annual Balanced Budget means that, in each Funding Year of the term of this Agreement, the total revenues of the HSP are greater than or equal to the total expenses, from all sources, of the HSP;

  • Semi-annual (2/Year) sampling frequency means the sampling shall be done during the months of June and December, unless specifically identified otherwise.

  • Monthly Earnings means your gross monthly income from your Employer, not including shift differential, in effect just prior to your date of disability. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.

  • Annual Turnover means the actual turnover achieved during your first year of operations, from the commencement of your business to the date of the damage, converted to a 12-month equivalent figure.

  • Yearly (1/Year) sampling frequency means the sampling shall be done in the month of September, unless specifically identified otherwise in the effluent limitations and monitoring requirements table.