Award of Contract Clause Samples
The 'Award of Contract' clause defines the process and criteria by which a contract is formally granted to a selected party, typically following a bidding or proposal evaluation. This clause outlines the steps the awarding entity will take to notify the successful bidder, the timeline for acceptance, and any conditions that must be met before the contract becomes effective. Its core practical function is to ensure transparency and fairness in the selection process, providing clear guidance on how and when a contract is officially awarded and thereby reducing the risk of disputes or misunderstandings.
POPULAR SAMPLE Copied 7 times
Award of Contract. V.2.1) Date of conclusion of the contract V.2.2) Information about tenders
Award of Contract. Contract No
Award of Contract. Within thirty days from the date of opening proposals, the contract will be awarded or the proposals rejected.
Award of Contract. ITT 41.1 The maximum percentage by which quantities may be increased is: [15%] The maximum percentage by which quantities may be decreased is: [100%]
Award of Contract. Criteria
Award of Contract. V.2.1) Date of conclusion of the contract
Award of Contract. PLACE MENT OF ORDER
(a) The Institute shall consider placement of orders for jobs on those bidders whose offers have been found technical, commercially and financially acceptable. The Institute reserves the right to counter offer price(s) against price(s) quoted by any bidder.
Award of Contract. 34 AWARD
34.1 Subject to Clause 32, the Employer will award the contract to the bidder whose bid has been determined to be substantially responsive to the bidding documents and who has offered the lowest Evaluated Bid Price pursuant to Clause 29, provided that such bidder has been determined to be (a) eligible in accordance with the provisions of Sub-Clause 3.1, and (b) qualified in accordance with the provisions of Clause 4.
Award of Contract. Lot No Title