CONTRACT की परिभाषा

CONTRACT or "PURCHASE ORDER” shall mean the communication or document signed for and on behalf of the Purchaser by an Officer duly authorised confirming the acceptance for and on behalf of the Purchaser on the terms and conditions mentioned or referred to in the said communication or document including all attachments and appendices thereto while accepting the Tender or Offer of the Contractor for supply of Stores and any subsequent amendments thereto made on the basis of mutual agreement. 2.10 "SHIPPING RELEASE" shall mean the document issued by the inspector or the inspection agency nominated by the Purchaser authorising the Contractor to ship the Stores on satisfactory completion of inspection. 2.11 "GUARANTEE PERIOD" or" WARRANTY PERIOD" shall mean the period during which the Contractor shall remain liable without any extra cost to the Purchaser for repair, replace or rectify any defective part or performance of the Stores supplied under the Contract. 2.12 "BID" shall mean and include offer and quotation. 2.13 "PERFORMANCE TEST" shall mean all operational checks and tests required to determine the performance parameters including inter-alia capacity, efficiency and operating characteristics of the Stores as specified in the Contract. 2.14 "ACCEPTANCE” shall mean and deemed to include one or more of the following as stipulated in the tender: a) the written acceptance of stores by the Inspector at Contractor's works to ship the materials; b) acceptance of the stores at Purchaser's Site Stores after its receipt and due inspection and release of Material Receipt Voucher. Where the scope of the Contract is only supply, the acceptance should be completed within 75 (seventy five) days from the date of receipt of Stores at Purchaser's Site subject to Contractor meeting the requirements stipulated in the Contract. c) Where the scope of the Contract includes supply, erection and commissioning, acceptance shall mean issue of necessary Material Receipt Voucher after commissioning and final acceptance of Equipment, Machinery and Instrument etc. which should be completed within 75 (seventy five) days from the date of commissioning of the Stores at Purchaser's Site subject to Contractor meeting the requirements stipulated in the Contract. 3

CONTRACT means this Agreement signed by the Parties together with the following documents: (i) this Agreement and its Appendices; (ii) the Offer Letter; (iii) the RfP or pre-bid meeting clarifications or any amendment or corrigendum issued to RfP; (iv) The bid submitted by the bidder e. “Effective Date’ means the date on which this Contract comes into force and effect pursuant to Clause 8.2.1; f. “Government” means Government of India; g. “The Bank” or “SIDBI” or “Buyer” means Small Industries Development Bank of India h. “RFP” or “RfP” or “Tender” or “Bid document” means the ‘Request for Proposal document’ i. “Bid” or “Offer” means the written reply or submission of response to this RfP by a bidder. j. “Consultant” or “Consulting Agency” or “Bidder” or “Seller” means the respondent to the RfP document. k. ‘Local currency’ means the Indian Rupees; l. “Member”, in case the Consulting Agency consist of a joint venture of more than one entity, means any of these entities, and “Members” means all of these entities; m. “Party’ means the SIDBI or the Consulting Agency, as the case may be, and Parties means both of them; n. “Personnel” means persons hired by the Consulting Agency as Employees and assigned to the performance of the Services or any part thereof; and ‘key personnel’ means the personnel referred to in Clause 8.4.2 (a). o. "Services" and/or “Deliverables” means the work to be performed by the Consulting Agency pursuant to his/her contract, as described in Appendix A hereto. The scope of work will be strictly as given in various Clauses in TOR. The approach and methodology to be adopted by the Consulting Agency for carrying out the assignment may be modified depending after mutual discussions with SIDBI. The work plan as indicated by the Consulting Agency may also get modified accordingly. p. “Vendor” or “Shortlisted Bidder” is one who is found eligible as per eligibility criteria set out in this RfP, whose technical Bid has been accepted and who has emerged as successful bidder as per the selection criteria set out in the RfP and to whom notification of award / / notification of selection of technical evaluation / LoI / Purchase Order has been given by the Bank. q. “Order value” means value of purchase order placed by the Bank on the bidder/selected bidder under this project for the full and proper performance of its contractual obligations; r. "Third Party" means any person or entity other than the SIDBI and the Consulting Agency 8.1.2.

Examples of CONTRACT in a sentence

• CMM – 22/Rev.4 NUCLEAR POWER CORPORATION OF INDIA LIMITED (A GOVERNMENT OF INDIA ENTERPRISE) DIRECTORATE OF CONTRACTS AND MATERIALS MANAGEMENT GENERAL CONDITIONS OF CONTRACT GOVERNING SUPPLY OF STORES APPLICABLE TO THE CONTRACTS FOR INDIGENOUS STORES PLACED BY NUCLEAR POWER CORPORATION OF INDIA LIMITED INDEX LIST OF CONTENTS CLAUSE NO.

• FORMAT-I PARTICULARS IN RESPECT OF AGENCY TO OPERATE SIMILAR CONTRACT OBTAINED IN THE LAST FIVE YEARS Sr. No. Name and address of the client with contact numbers Value of work executed Date of award of contract Period of Contract Details of feedback / appreciation letters (attach proof) From To Please enclose the copies of work order / agreement and completion certificate from the client (employer) for each of the work.

• NOW, THIS AGREEMENT WITNESS THAT IT IS MUTUALLY AGREED BY AND BETWEEN THE PARTIES:- NABARD hereby awards the work of ANNUAL MAINTENANCE CONTRACT FOR FIRE FIGHTING WORK – OFFICE PREMISES & STAFF QUARTERS in the said premises from 09.11.2020 to 30.09.2023 .

• NOW, THIS AGREEMENT WITNESS THAT IT IS MUTUALLY AGREED BY AND BETWEEN THE PARTIES:- NABARD hereby awards the work of ANNUAL MAINTENANCE CONTRACT FOR SECURITY SERVICES – OFFICE PREMISES & STAFF QUARTERS in the said premises from 01/04/2022 to 31/03/2025.

• PRICE BID The annual license fee offered, payable annually, is in the table below: (In Indian Rupees only) Particulars Amount in Figures (Rupees) Amount in words (Rupees) License fees payable to Railway per annum (This license fee quoted is exclusive of GST and all other applicable taxes) SPECIAL CONDITIONS OF CONTRACT As mentioned in Section ‘C’ of the Bid Document.

• If the rates for the additional, altered or substituted work are not specifically provided in the CONTRACT for the work, the rates will be derived from the rates for the similar class of work as are specified in the CONTRACT for the work.

• PARTIES:- NABARD hereby awards the work of ANNUAL MAINTENANCE CONTRACT FOR GARDENING WORK – OFFICE PREMISES & STAFF QUARTERS in the said premises from 01.07.2020 to 31.03.2022 subject to annual renewal based on performance.