Stipend for Unsuccessful Proposers Clause Samples

The 'Stipend for Unsuccessful Proposers' clause establishes that parties who submit proposals in response to a solicitation, but are not ultimately selected, may receive a predetermined payment or stipend. This clause typically outlines eligibility criteria, the amount of the stipend, and the process for claiming it, often applying in competitive bidding situations such as design competitions or RFPs where significant effort is required to prepare a proposal. Its core function is to compensate proposers for their time and resources, encouraging broader participation and ensuring that the soliciting party receives high-quality submissions.
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Stipend for Unsuccessful Proposers. ‌ The RFP will allow Proposers the opportunity to enter into an agreement that will provide for a stipend payment of $2 million to each unsuccessful Proposer who submits a responsive Proposal in accordance with the RFP to account for the anticipated level of effort required to prepare the Proposal. Specific provisions regarding payment of the stipend will be included in the RFP. There will be no offer or payment to Offerors who are not included on the Shortlist.
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Related to Stipend for Unsuccessful Proposers

  • Unsuccessful E bidders deposit will be refunded to the same account from which the deposit transfers within 3 working days from the auction date.

  • Notification to Unsuccessful Job Applicants The parties agree that any unsuccessful candidate for an ONA job posting will be notified, in writing, within one (1) week of the decision being made and prior to the posting of the name of the successful candidate. The parties further agree that the above notification will be copied to the ONA Bargaining Unit President.

  • Applicable Law; Arbitration; Attorney Fees The laws of the State of Texas govern all disputes arising out of or relating to this Agreement. The parties hereto acknowledge that venue is proper in Fort Bend County, Texas, for all legal actions or proceedings arising out of or relating to this Agreement and waive the right to sue or be sued elsewhere. Nothing in the Agreement shall be construed to waive the County’s sovereign immunity. County does not agree to submit disputes arising out of the Agreement to binding arbitration. Therefore, any references to binding arbitration or the waiver of a right to litigate a dispute are hereby deleted. County does not agree to pay any and/or all attorney fees incurred by SHI in any way associated with the Agreement.

  • Expenses of Arbitration Board ‌ Each party shall pay: (a) the fees and expenses of the nominee it appoints; and (b) one-half of the fees and expenses of the Chairperson.

  • Expenses of Arbitration Each party shall pay one-half of the fees and expenses of the Arbitrator.