Quotation Process. Upon Reseller’s request, Xxxx will prepare a Veea Sales Quotation, which will identify the Products and Services and prices being offered to Reseller for a specified Enterprise for a defined Subscription Term. If acceptable, prior to expiration Reseller shall electronically sign and submit the signed Veea Sales Quotation following the instructions provided therein. Upon receipt by Xxxx, the signed Veea Sales Quotation shall constitute an “Accepted Sales Order”. Reseller may not cancel an Accepted Sales Order without Veea written consent. If no Accepted Sales Orders have been placed by Reseller within the first 90 days of the Initial Term, Veea reserves the right to terminate this Agreement.
Quotation Process. Tenderers that satisfy the prescribed criteria will form a panel. When a firm is shortlisted, it does not guarantee that a firm will get business with the municipality. Firms will remain in the register for a minimum period of thirty six months from the date of shortlisting. Requests for quotations will be issued as and when need arise for the duration of three years. Tenderers will be invited to submit tender offers based on their position on the panel. Tenderers will be repositioned on the panel upon appointment or upon submission of a quotation. The previous most responsive quote will be used to determine the negotiation for the next eligible service provider in a cycle. The variance between the next eligible quote shall not exceed 5% of the unit costs of the order from the previous most reponsive quote received in a cycle. The 80/20 preference points system will be used when the financial value (incl. Vat) of one or more responsive tender offers have a value that is R 30 000.00 ≥ R 50, 000 000. The formula used to calculate the total points will be based on the Preference Points and Price Points in accordance with the 2017 PPPFA Regulations.
