Contract Problem definition

Contract Problem means a fact or circumstance of which the Seller is aware that does, will or reasonably is anticipated to (1) have a significant or substantial impact on the delivery schedule or completion of the Contract or the cost of the Contract (increase or decrease) or (2) requires modification to the Contract or Specification(s). The terms “significant” and “substantial” shall be interpreted in the same manner as they would be interpreted by a reasonably prudent business person under the relevant circumstances.

Examples of Contract Problem in a sentence

  • Notably, when the reward function f is the graph supermodular function defined on graph G = (V, E), the marginal utility of agent i ∈ V to the set S ⊆ V is proportional to the degree of i to S: f (i | S) = degS (i)/Emax.Definition 4.2 (Uniform Cost Graph Supermodular Contract Problem (U-GSC)).

  • We call this generalization Multiple Agents Contract Problem with Real Number Actions (RNA), and formalize it as follows.≥∈−ΣThere is a principal and n agents.

  • Problem Learning and Performance Evaluation (Learning Contract) Problem Identification (Form G-1)……………………………………………… 115 Student Defined Teaching-Learning Needs Assessment (Form G-2) 118 Teaching/Learning and Performance Contract (Form G-3)………………… 120 H.

  • In previous sections, we considered the Multiple Agents Contract Problem with discrete actions (DA).

  • Given an instance of the Multiple Agents Contract Problem, we call the costs obey increasing differences if there exists a permutation j1, j2, .

  • A final follow up report shall be furnished immediately following resolution of each Contract Problem.PIRs shall not be submitted when notice of the same Contract Problem is required to be furnished to Buyer pursuant to any other requirement of this Contract.

  • PIRs shall be used by Seller for the purpose of alerting the Buyer to actual or potential Contract Problems and of establishing an early dialogue between Seller and Buyer with regard thereto.Seller shall report each Contract Problem promptly and in no event no later than three (3) calendar days, after Seller identifies such Contract Problem.

  • The related articles were investigated using the keywords of Smart Contract Barriers- Smart Contract Challenges – Smart Contract Limitation on Blockchain Technology- Smart Contract Problem – Smart Contract and Blockchain and Distributed Ledger Technologies in data bases of OATD (Open Access Theses and Dissertations), Proquest, Science Direct, Springer, Scopus, Civilica, SID, IRANDOC, ISC, Emerald, IEEE, as well as Google scholar specialized database.

  • Optimal Contract Problem In the standard reformulation of the problem, the principal is choosing the optimal contract w and action a of the agent subject to the incentive compatibility and individual rationality constraint of the agent.

  • All proposals must remain open for acceptance by the City for a period of at least 60 calendar days from the date of opening of the bids.

Related to Contract Problem

  • State Contract Project means any erection or construction of, or any addition to, alteration of or other improvement to any building or structure, including, but not limited to, roads or highways, or the installation of any heating or cooling or ventilating plants or other equipment, or the supply of and materials for such projects, pursuant to a contract with the State of West Virginia for which bids were solicited on or after June 6, 2001.

  • Contract Provider means any Person or any employee, agent or subcontractor of such Person who provides professional health care services under or pursuant to any contract with any Consolidated Party.

  • Contract Item or “Contract Items” means the list of items identified in Section

  • Problem means an unknown underlying cause of one or more Incidents. It becomes a Known Error when the root cause is known and a temporary workaround or permanent alternative has been identified.

  • The Contract Price means the price payable to the Supplier under the Contract for the full and proper performance of its contractual obligations.

  • Contract Work means everything required to be furnished and done by the Contractor by any one or more of the parts of the Contract referred to in Article 1, except Extra Work as hereinafter defined.

  • Extra Work means any work which is determined by City to be necessary for the proper completion of the Project, but which the Parties did not reasonably anticipate would be necessary at the execution of this Agreement. Consultant shall not perform, nor be compensated for, Extra Work without written authorization from City’s Representative.

  • Contract Player means any Player (other than a Player on a Scholarship) who is eligible to play under a written contract of employment with a Club.

  • Force Majeure Exception means any failure or delay in the performance of the Fund’s reporting obligation pursuant to Section 2.3 arising out of or caused, directly or indirectly, by circumstances beyond its reasonable control, including, without limitation, acts of God; earthquakes; flood; terrorism; wars and other military disturbances; sabotage; epidemics; riots; loss or malfunctions of utilities, computer (hardware or software) or communication services; accidents; acts of civil or military authority and governmental action. The Fund shall use commercially reasonable efforts to commence performance of its obligations during any of the foregoing circumstances.

  • Contract Price means the price payable to the supplier under the contract for the full and proper performance of his contractual obligations.

  • The Contract Price/Project Cost means the price payable to the Vendor under the Contract for the full and proper performance of its contractual obligations.

  • Relevant Force Majeure Event means a Force Majeure Event in relation to which an Affected Party is claiming relief under this Clause 17; and

  • Builder means the general contractor.

  • contract worker means a natural person who is —

  • Force Majeure Report means a report to be given by the Affected Party to the other party following the giving of a Force Majeure Notice;

  • Force Majeure Events means acts of war, domestic and/or international terrorism, civil riots or rebellions, quarantines, embargoes and other similar unusual governmental actions, extraordinary elements of nature or acts of God.

  • The Contract Price/ Project Cost means the price payable to the Vendor under the Contract for the full and proper performance of its contractual obligations.

  • EPC Contractor means the contractor responsible for engineering, procurement and construction of the Facility, including Seller if acting as contractor, and including all subcontractors.

  • Responsible Contractor means a Contractor that has the capability in all material respects to perform the specifications of the Contract. In determining whether a Contractor is a Responsible Contractor, the Agency may consider various factors including, but not limited to, the Contractor’s competence and qualifications to provide the goods or services requested, the Contractor’s integrity and reliability, the past performance of the Contractor and the best interest of the Agency and the State.

  • The Work means the work or works to be executed or done under this contract.

  • Contractor means the individual or entity, that has entered into this contract with the Commonwealth.

  • Force Majeure Event means an event beyond the reasonable control of any party including an outbreak of a serious disease or epidemic, or quarantine or other public health emergencies, fire, flood, earthquake, explosion or other casualty or accident or act of God, or war or other violence, strike, lock-out, labour dispute, acts of any governmental body, war, insurrection, sabotage, embargo, interruption of or delay in transportation, unavailability of or interruption or delay in telecommunications or inability to obtain raw materials, supplies or power.

  • Force Majeure means an event beyond the control of the supplier and not involving the supplier’s fault or negligence and not foreseeable. Such events may include, but is not restricted to, acts of the purchaser in its sovereign capacity, wars or revolutions, fires, floods, epidemics, quarantine restrictions and freight embargoes.

  • Procurement Process means the process commenced by the issuing of this Invitation and concluding upon the award of a contract (or other outcome as determined by Tetra Tech International Development) or upon the earlier termination of the process

  • Nonconformance as used in this clause means a condition of any hardware, software, material, or service/workmanship in which one or more characteristics do not conform to requirements.

  • Procurement item means an item of personal property, a technology, a service, or a construction project.