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.
The Bank means Small Industries Development Bank of India (SIDBI). 19.2.2 ‘Bidder’ means the respondent to the RfP document. 19.2.3 ‘Successful Bidder’ refers to the bidder who gets selected by the bank after completion of evaluation process. 19.2.4 ‘RFP’ or ‘RfP’ or ‘Tender’ means the Request For Proposal document. 19.2.5 ‘Bid’ may be interchangeably referred to as ‘Offer’. 19.2.6 ‘BFSI’ implies Scheduled commercial banks in public or private sector / All India FIs / Insurance Companies will be considered under BFSI. 19.2.7 “The Contract” means the agreement entered into between the Bank, represented by its Head Office / Regional Offices / other offices of the Bank and the Vendor/Bidder/Supplier, as recorded in the Contract Form signed by the parties, including all attachments and appendices thereto and all documents incorporated by reference therein; 19.2.8 “Agency”, “Firm”, “Company”, “Bidder” “vendor” means any entity or person or associations of person (constitution of association of person may be in the form of any legal entity like partnership, public / private limited company, LLP, HUF, etc.,) who have been identified to submit their proposal for providing services under this Contract. 19.3
The Bank. “SIDBI” , “Purchaser”, “Buyer” means Small Industries Development Bank of India (SIDBI); 8.1.2. “Bidder” means the respondent to the RFP document. 8.1.3. “Bid” means the written reply or submission of response to this RFP. 8.1.4. “RFP”, “Tender”, “RfP”, “Bid document’ means the ‘Request for Proposal document. 8.1.5. “The Contract” means the agreement entered into between the Bank, represented by its Head Office / MSME Development Centre / Regional Offices and the Supplier, as recorded in the Contract Form signed by the parties, including all attachments and appendices thereto and all documents incorporated by reference therein; 8.1.6. “Vendor/Service Provider/ISP/Selected bidder” is the successful Bidder found eligible as per eligibility criteria set out in this RFP, whose technical Bid has been accepted and who has emerged as shortlisted bidder as per the selection criteria set out in the RFP and to whom notification of award has been given by the Bank. 8.1.7. “Services” means all services, scope of work and deliverables to be provided by a Bidder as described in the RFP and include provision of technical assistance, training, certifications, auditing and other obligation of Service Provider covered under this RFP. 8.1.8. Last mile means the physical connectivity i.e. L-1 media from the service provider POP to the Bank’s DC/ DR boundary device where the devices are being managed by the ISP. 8.1.9. “The Contract Price” means the price payable to the Supplier under the Contract for the full and proper performance of its contractual obligations; 8.1.10. “The Goods” means all of the equipment, machinery, software, and/or other materials which the Supplier is required to supply to the Bank under the Contract; 8.1.11. “The Services” means those services ancillary to the supply of the Goods, such as transportation and insurance, and any other incidental services, such as installation, commissioning, provision of technical assistance, training, maintenance contract and other such obligations of the Supplier covered under the Purchase Contract; 8.1.12. “The Project Site” means DC, Mumbai, DR Site, Chennai or any other location of Small industries Development Bank of India. 8.2.
Examples of The Bank in a sentence
The Bank has installed HPOV NNM at DC, Mumbai for additional monitoring by Bank’s network team.
The Bank may treat such offers as not adhering to the tender guidelines and as unacceptable.
The Bank clarifies that the Bank shall be entitled to an injunction, restraining order, right for recovery, specific performance or such other equitable relief as a court of competent jurisdiction may deem necessary or appropriate to restrain the Bidder from committing any violation or enforce the performance of the covenants, obligations and representations contained in this RFP.
The Bank shall be at liberty to set off/adjust the proceeds of the performance guarantee towards the loss, if any, sustained due to the supplier’s failure to complete its obligations under the contract.
The Bank in such cases shall bear the shifting charges/arrange shifting and the bidder shall shift the material to the alternate locations at mutually agreed price if bank request.
The Bank network team will be single point of contact with the Bidder [Service Provider] NOC team for all service-related issues.
The Bank reserves the right to verify / evaluate the claims made by the Bidder independently.
The Bank will give notice to the Supplier of such claim, if it is made, without delay.
More Definitions of The Bank
The Bank. “SIDBI” , “Purchaser”, “Buyer” means Small Industries Development Bank of India (SIDBI); 11.1.2. “Bidder’”, “Vendor”, “Supplier”, “Service Provider”, “Seller” means the respondent to the RFP document. 11.1.3. “RFP”. “Tender”, “RfP”, “Bid document’ means the ‘Request for Proposal document. 11.1.4. “Bid” may be referred to as ‘Offer’. 11.1.5. “The Contract” means the agreement entered into between the Bank, represented by its Head Office / MSME Development Centre / Regional Offices and the Supplier, as recorded in the Contract Form signed by the parties, including all attachments and appendices thereto and all documents incorporated by reference therein; 11.1.6. “The Contract Price” means the price payable to the Supplier under the Contract for the full and proper performance of its contractual obligations; 11.1.7. “The Goods” means all of the equipment, machinery, software, and/or other materials which the Supplier is required to supply to the Bank under the Contract; 11.1.8. “The Services” means those services ancillary to the supply of the Goods, such as transportation and insurance, and any other incidental services, such as installation, commissioning, provision of technical assistance, training, maintenance contract and other such obligations of the Supplier covered under the Purchase Contract; 11.1.9. “The Project Site” means DC, Mumbai, DR Site – Chennai, Mumbai Office or any other location of Small industries Development Bank of India. 11.2.