Letter of Award of Contract definition

Letter of Award of Contract means an intimation by the Engineer through a letter to the successful Bidder that his Bid has been accepted and he shall proceed to perform his obligations in rendering professional services in accordance with the provisions contained in the said Letter of Award of Contract, and shall include such an intimation by Telefax/E-mail or the like means stating the intention of the Client to award the work to the successful Bidder.
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Letter of Award of Contract means the official notice issued by LEPL notifying the Contractor that its offer has been accepted. Such a Letter of Award of Contract may be in the form of Letter or Telex of Telegram or FAX.
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Examples of Letter of Award of Contract in a sentence

  • Boldface type is used to identify defined terms.(a) The Accepted Contract Amount means the amount accepted in the Letter of Award of Contract for the execution and completion of the Works and the remedying of any defects.(b) The Activity Schedule is a schedule of the activities comprising the construction, installation, testing, and commissioning of the Works in a lump-sum contract.

  • A Program for the Works shall be submitted within: [insert: number] days from the date of the Letter of Award of Contract.

  • The Contract Specification and Letter of Award of Contract will identify the parties to the Contract.

  • Further, the Contractor shall enter into a Contract Agreement, with LEPL, as per Proforma at Annex – 1.2 (ITB) of, Volume 1,Section-2.0, within five (5) days from the date of "Letter of Award of Contract" or within such extended time as may be granted by LEPL.

  • After acknowledgement of the Letter of Award of Contract (LoA) or Work Order (WO) by the selected Bidder, a performance guarantees amounting to 10% of Total Bid Value has to deposited in the form of FDR/TDR/DD/BG of any nationalized/scheduled bank drawn in the name of Directorate of Technical Education and Training, Odisha (DTE&T), Cuttack, the performance guarantee shall be valid for a period of 38 months from the date of award of Contract as specified in the RFP document.

  • If the successful Tenderer fails to submit Contract Performance Guarantee/ Security Deposit (SD) as specified within 30 (thirty) days after the date of issue of Letter of Award of Contract, or fails to sign the contract agreement then the Bid Security amount will be forfeited by the Corporation, without any notice or proof of damages etc.

  • Contractor shall discuss the network so submitted with the Engineer and the agreed network shall form part of the Contract to be signed within 30 (thirty) days from the date of receipt of Letter of Award of Contract Supply of Electro-mechanical equipment at power house shall be planned to ensure their availability about one month in advance of the scheduled dates of installation and matching with the progress.

  • A Force Majeure Event as defined is said to have occurred if any such event arises after the issue of the Letter of Award of Contract and extends for a period greater than thirty days, outside the control of both parties, thereby rendering it impossible or unlawful for either party to fulfill its contract obligations under the law governing the Contract.

  • The Contractor shall furnish a Contract Performance Security for the proper fulfillment of the Contract within three ( 3 ) days of "Letter of Award of Contract".

  • Works executed by the contractor should be supported by copy of the signed Letter of Award of Contract, Handing over Certificate and Maintenance Certificate.

Related to Letter of Award of Contract

  • Notice of Award of Contract / „Letter of Award‟ shall mean the official notice issued by the Owner notifying the Contractor that his bid has been accepted.

  • Letter of Award means the official notice issued by the UGVCL notifying the contractor that his bid has been accepted.

  • Letter of Award (LOA) means the written official intimation by OMC notifying the Selected Bidder that the work has been awarded in its favour as per the terms and conditions mentioned therein;

  • Award of Contract means the decision of the Purchaser to enter into a Contract with the Supplier for supply and delivery of the specified Goods, including any Related Services.

  • Notification of Award/Letter of Award means the formal award by the Employer of the Bid incorporating any adjustments or variation to the Bid agreed between the Employer and the Contractor.

  • Award Document means the document signed by the Agency and the Purchasing Division, and approved as to form by the Attorney General, that identifies the Vendor as the contract holder.

  • Other Award Agreement means a written agreement between the Company and a holder of an Other Award evidencing the terms and conditions of an Other Award grant. Each Other Award Agreement will be subject to the terms and conditions of the Plan.

  • Stock Award Agreement means a written agreement between the Company and a holder of a Stock Award evidencing the terms and conditions of an individual Stock Award grant. Each Stock Award Agreement shall be subject to the terms and conditions of the Plan.

  • RSU Award Agreement means a written agreement between the Company and a holder of a RSU Award evidencing the terms and conditions of a RSU Award grant. The RSU Award Agreement includes the Grant Notice for the RSU Award and the agreement containing the written summary of the general terms and conditions applicable to the RSU Award and which is provided to a Participant along with the Grant Notice. Each RSU Award Agreement will be subject to the terms and conditions of the Plan.

  • Award Agreement means the written or electronic agreement setting forth the terms and provisions applicable to each Award granted under the Plan. The Award Agreement is subject to the terms and conditions of the Plan.

  • Performance Award Agreement means a written agreement between the Company and a Participant with respect to a Performance Award.

  • Restricted Stock Unit Award Agreement means a written agreement between the Company and a holder of a Restricted Stock Unit Award evidencing the terms and conditions of a Restricted Stock Unit Award grant. Each Restricted Stock Unit Award Agreement will be subject to the terms and conditions of the Plan.

  • Other Stock Award Agreement means a written agreement between the Company and a holder of an Other Stock Award evidencing the terms and conditions of an Other Stock Award grant. Each Other Stock Award Agreement will be subject to the terms and conditions of the Plan.

  • Grant Agreement means the agreement entered into by the Parties, including the Signature Document, these Uniform Terms and Conditions, along with any attachments and amendments that may be issued by the System Agency.

  • Phantom Stock Award Agreement means a written agreement between the Company and a Holder with respect to a Phantom Stock Award.

  • Sub-grant Agreement means an agreement entered into, or proposed to be entered into, between the Bank and a Sub-grant Recipient;

  • Award Certificate means a written or electronic document setting forth the terms and provisions applicable to an Award granted under the Plan. Each Award Certificate is subject to the terms and conditions of the Plan.

  • Restricted Stock Award Agreement means a written agreement between the Company and a holder of a Restricted Stock Award evidencing the terms and conditions of a Restricted Stock Award grant. Each Restricted Stock Award Agreement will be subject to the terms and conditions of the Plan.

  • Stock Grant Agreement means the agreement between the Company and a Grantee who is awarded Shares under the Plan that contains the terms, conditions and restrictions pertaining to the award of such Shares.

  • RSU Agreement means a written agreement between the Company and a Participant evidencing the terms and conditions of an individual Award of Restricted Stock Units.

  • Stock Unit Agreement means the agreement between the Company and the recipient of a Stock Unit which contains the terms, conditions and restrictions pertaining to such Stock Unit.

  • Restricted Stock Unit Agreement means the agreement consistent with the terms of the Plan between the Company and the recipient of a Restricted Stock Unit that contains the terms, conditions and restrictions pertaining to such Restricted Stock Unit.

  • Stock Incentive Agreement means an agreement between the Company and a Participant or other documentation evidencing an award of a Stock Incentive.

  • Award Letter means the letter from the Customer to the Supplier printed above these terms and conditions;

  • Performance Unit Agreement means a written agreement between the Company and a Holder with respect to a Performance Unit Award.

  • Notice of Award means formal notice of award of the Contract to the Contractor issued by the Contracting Officer.