Award of the Contract Clause Samples
The 'Award of the Contract' clause defines the process by which a contract is formally granted to a selected party, typically following a competitive bidding or evaluation procedure. This clause outlines the criteria for selection, the notification process to the successful bidder, and any conditions that must be met before the contract becomes effective, such as signing documents or providing required bonds. Its core function is to ensure transparency and fairness in the selection process, clearly establishing when and how the contractual relationship officially begins.
Award of the Contract. The Agency will inform tenderers of decisions reached concerning the award of the contract, including the grounds for any decision not to award a contract or to cancel the procedure. If a written request is received from any non successful tenderer, the Agency will inform the tenderer of the reasons for their lack of success and of the name of the successful tenderer. However, certain information may be withheld where its release would impede law enforcement or otherwise be contrary to the public interest, or would prejudice the legitimate commercial interests of economic operators, public or private, or might prejudice fair competition between them. The procurement procedure may be concluded by a contract signed by the parties. In this case, the General Terms and Conditions applicable to service contracts referred to below shall apply. After the period of validity of the tender has expired, conclusion of the contract shall be subject to the tenderer's agreement in writing. The Agency shall not sign the contract or framework contract with the successful tenderer until a standstill period of 14 calendar days has elapsed, running from the day after the simultaneous dispatch of the notification letters to the tenderers informing them of the award decision. During the standstill period, the Agency will request the tenderer proposed for award to provide the evidence on exclusion criteria defined in Articles 93 and 94 of the Financial Regulation. If this evidence was not provided or proved to be unsatisfactory, the Agency reserves the right to cancel the award procedure or to change the award decision to the benefit of the next best ranked tenderer on condition that he satisfies with the provision of the evidence on exclusion. The tenderer to whom the contract is to be awarded shall provide, within the 15 days following the receipt of the letter informing him of the proposed award of the contract and preceding the signature of the contract, the following evidence confirming the declaration of honour:
1. The Agency shall accept as satisfactory evidence that the tenderer to whom the contract is to be awarded is not in one of the situations described in point (a), (b) or (e) of Article 93
(1) of the Financial Regulation, a recent extract from the judicial record or, failing that, an equivalent document recently issued by a judicial or administrative authority in the country of origin or provenance showing that those requirements are satisfied;
2. The Agency shall a...
Award of the Contract. Upon com- pletion of the bid evaluations, the con- tracting committee will promptly re- port all findings and recommendations to the borrower’s board of directors. The board will either:
(1) Resolve to award the contract to the lowest evaluated responsive bidder; or
(2) Reject all bids.
Award of the Contract. The award of this Contract in whole or in part is subject to the approval of The Corporation of the Township of Cramahe.
Award of the Contract. Services will be authorized to begin when the Vendor receives the following document(s), as appropriate, indicating the encumbrance of funds and award of the contract:
a) Standard Written Agreement executed by both parties and a written Notice to Proceed, issued by the Project Manager.
Award of the Contract. After due evaluation of the bid(s), the Institute will award the contract to the tenderer. The Institute reserves the right to cancel contract, in case the services are not found upto the mark with / without prior notice. Gas refiling order will be placed as and when required, irrespective of requisite quantity. If required cylinder should be undergoing Hydraulic Test (H.T) from the certified company and test certificate should be provided.
Award of the Contract. Award of the contract shall be based on demonstrated competence and qualifications, so long as the professional fees are consistent with, and not higher than the published recommended practices and fees of the various professional associations and do not exceed any maximums provided by state law.
Award of the Contract. After the RFQs have been opened and duly considered, the lowest and/or best proposal to the RFQ shall be submitted to the City Board of Aldermen for formal approval. After approval by the City Board of Aldermen, the City Clerk will notify, in writing, the successful Proposer. An approved Resolution by the City Board of Aldermen shall constitute the City’s official award of the RFQ. A written contract noting the terms and conditions of this RFQ will be executed before “Notice to Proceed” is given. Vendors with standardized contracts should submit them with the Proposal.
Award of the Contract. The contract will be awarded to the “Technically Qualified" applicant with the Lowest evaluated financial bid.
Award of the Contract. Award of the contract will be by the City Council at a public meeting. The City of Bell Gardens is located within Los Angeles County and is a General Law City governed by an elected five-member City Council that appoints the City Manager. The City participates in the U.S. Department of Housing and Urban Development's (HUD) Community Development Block Grant (CDBG) program through the County of Los Angeles Community Development Authority (LACDA). Under the Urban County Program, the City would have approximately $636,638 in funding for eligible activities at the beginning of the 2020-2021 CDBG Program Year plus an additional $12,290 of unallocated prior year’s CDBG funds for a total of $648,928. In addition, the City will have supplemental CDBG funds of approximately $374,513 from the Coronavirus Aid, Relief and Economic Security (CARES) Act. Furthermore, approximately $690,542 in CDBG funds are currently allocated to an on- going project for future use in conjunction with the Section 108 Loan Guarantee Program. The City is seeking the services of an experienced professional consulting firm to provide assistance with CDBG program implementation and administration for the FY 2020- 2021 with four possible one-year extensions (for a total of five years). The assistance to be provided by the consultant is necessary to ensure the City’s proper and timely expenditure of program funds and compliance with other regulatory program requirements. CDBG monies will be utilized to fund the services of the selected firm and the expenditure of such funds shall adhere to all applicable Federal, State, County/CDA, and local regulations. The contracted individual or firm shall provide staffing and other resources as required to assist the City with the preparation of a Section 108 Loan Guarantee Application for the ▇▇▇▇ ▇▇▇▇▇ Ford Park Aquatics Center to complete the following for all approved City CDBG projects:
Award of the Contract. (a) The Bank hereby Empanel the ISASP for Information Security Cell [ISC] and Information Systems Audit Cell [ISAC] or any other department of the bank if required and the ISASP hereby accepts the Empanelment by the Bank, on the terms and conditions more fully mentioned in these presents as also in the RFP dated 20.08.