consortium or joint venture means an association of persons for the purpose of combining their expertise, property, capital, efforts, skill and knowledge in an activity for the execution of a contract;
consortium or joint venture means an association of persons for the purpose of combining their
consortium or joint venture means an association of persons for the purpose of
More Definitions of consortium or joint venture
consortium or joint venture means an association of persons for the purpose of combining their expertise, property, capital , efforts, skills and knowledge in an
consortium or joint venture means an association of persons for the purpose of combining their expertise, property, capital, efforts, skill and knowledge in an activity for the execution of a contract; “contract” means the agreement that results from the acceptance of a bid by an organ of state;
consortium or joint venture means an association of persons for the purpose of combining their expertise, property, capital, efforts, skill and knowledge in an activity for the execution of a contract;2.8“contract” means the agreement that results from the acceptance of a bid by an organ of state;2.9 “EME” means any enterprise with an annual total revenue of R5 million or less2.10 “Firm price” means the price that is only subject to adjustments in accordance with the actual increase or decrease resulting from the change, imposition, or abolition of customs or excise duty and any other duty, levy, or tax, which, in terms of the law or regulation, is binding on the contractor and demonstrably has an influence on the price of any supplies, or the rendering costs of any service, for the execution of the contract;2.11 “functionality” means the measurement according to predetermined norms, as set out in the bid documents, of a service or commodity that is designed to be practical and useful, working or operating, taking into account, among other factors, the quality, reliability, viability and durability of a service and the technical capacity and ability of a bidder;2.12 “non-firm prices” means all prices other than “firm” prices;2.13 “person” includes a juristic person;2.14 “rand value” means the total estimated value of a contract in South African currency, calculated at the time of bid invitations, and includes all applicable taxes and excise duties;2.15 “total revenue” bears the same meaning assigned to this expression in the Codes of Good Practice on Black Economic Empowerment, issued in terms of section 9(1) of the Broad-Based Black Economic Empowerment Act and promulgated in the Government Gazette on 9 February 2007;2.16 “trust” means the arrangement through which the property of one person is made over or bequeathed to a trustee to administer such property for the benefit of another person; and2.17 “trustee” means any person, including the founder of a trust, to whom property is bequeathed in order for such property to be administered for the benefit of another person.
consortium or joint venture means an association of persons for the purpose of combining their expertise, property, capital, efforts, skills and knowledge in an activity for the execution of a con- tract;
consortium or joint venture means an association of persons for the purpose of combining their expertise, property, capital , efforts, skills and knowledge in anactivity for the execution of a contract.
consortium or joint venture means an association of persons for combining their
consortium or joint venture means an association of persons for the purpose of combining their expertise, property, capital, efforts, skill and