TECHNO-COMMERCIAL DISCUSSIONS Clause Samples
The "Techno-Commercial Discussions" clause establishes a framework for parties to engage in negotiations or meetings that address both technical and commercial aspects of a proposed transaction or project. In practice, this clause typically outlines the process for discussing product specifications, performance requirements, pricing, payment terms, and other related matters before finalizing an agreement. Its core function is to ensure that all relevant technical and commercial issues are thoroughly reviewed and agreed upon, thereby reducing misunderstandings and facilitating a smoother contract negotiation process.
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TECHNO-COMMERCIAL DISCUSSIONS. 6.3.1 Bid of the bidder who submits the required EMD shall be taken up for detailed evaluation.
6.3.2 Techno-commercial discussions with bidder shall be arranged, if needed. Bidder shall depute his authorized representative(s) for attending the discussion. The representative(s) attending the discussions shall produce authorization from his organization to attend the discussions and sign the minutes of meeting on behalf of his organization. The authorized representatives must be competent and empowered to settle all technical and commercial issues.
TECHNO-COMMERCIAL DISCUSSIONS. Bid of the bidder who submits the required EMD shall be taken up for detailed evaluation.