Tendered Rates definition
Examples of Tendered Rates in a sentence
Under No Circumstances will there be any Implied Guarantee of Work / Engagement following the acceptance of the Tendered Rates and / or as a result of previous tenure as an External Plant Hire Contractor.
Payment at the Tendered Rates may also be subjected to a Project Fee Cap and, if so, Project Fees shall not exceed that Project Fee Cap.
The Contractor shall implement a programme of maintenance for all such devices and shall include all such costs within the Tendered Rates under Technical Specification Clause 1.0.
Each other weighted average overall score for Tendered Rates then has one mark deducted for each percentage point by which it is lower than the highest weighted average overall score for Tendered Rates to give the final scores for Tendered Rates for the lot For example, a score 3.5% below the highest value will receive 96.5 marks.
The Authority shall pay the reasonable fees and expenses of the Contractor (based upon the Tendered Rates) for all work satisfactorily performed by the Contractor in accordance with the terminated Project Services but not any loss of prospective profits.