
GENERAL TENDER CONDITIONS SERVICES Form
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People also ask
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What are the general conditions of a contract?
The General Conditions define the basic rights, responsibilities, risk allocations, and contractual relationship of the Owner and Contractor, and establish how the Contract is to be administered.
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What is typically included in general conditions?
As was mentioned above, the general conditions on a project are the costs required by the general contractor to create and maintain a safe and efficient job site. They include project supervision, temporary and permanent utilities, equipment rental, fencing, security, permits, etc.
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What does it mean to tender services?
In a business setting, tender refers to the process where governments invite vendors to bid for the right to work on government projects or provide goods or other services.
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What is the purpose of tender?
Basically, a tender is an offer or invitation to bid for a project or to accept a formal offer such as a takeover bid. This term usually refers to the process through which the government and financial institutions put forward invitation bids for large projects.
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What are tender conditions?
Tender Conditions means the Instruction to Tenderer, Tender Forms, and Sample Contract and Forms, any minutes of the meetings, addendums thereto or any other document issued in pursuance to the Tender Documents in connection with this tender.
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What does it mean to tender a job?
If you tender for a job, you make a formal offer to do it for a stated price: Five companies have tendered for the hospital contract. [ I ] finance & economics specialized. If you tender for something such as shares, you make a formal offer to buy them for a stated price.
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How does tendering work?
The tendering process is where a buyer, in need of goods/services, issues an invitation called a Request for Tender (RFT) to suppliers. Suppliers will then submit a proposal/tender to provide the goods/services. Finally, the supplier will be chosen by the buyer!
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What does it mean to tender a payment?
Payment implies an acceptance and appropriation of that which is offered by one party to another, whereas tender is the act of offering that which is admitted to be due and owing, but which is not accepted by the creditor. ' The tender does not discharge the debt whereas payment does.
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