TERMS AND DEFINITION. Contract The written agreement entered into between the purchaser and the supplier, as recorded in the contract form signed by the parties, including attachments and appendices thereto and all documents incorporated by reference therein. Contractor The party to the contract that is required to provide goods or services according to the terms of the agreement. Contract Management The activities necessary to manage a contract throughout all stages in the contract life cycle to ensure that immediate action is taken effectively and efficiently to the change that may occur to the contract Contract Management system Computerised / manual system necessary to ensure proper Contract Management control and monitoring of contracts. Contract Register Manual system necessary to ensure proper Contract Management control and monitoring of contracts. Force Majeure An event beyond the control of the contractor and not involving the contractor's fault or negligence and not foreseeable. Litigate The act or process of contesting a lawsuit or seeking redress through the courts. Parties Parties that stipulate obligations to one another to ensure that the contract term and condition are fulfilled. Specification The statement that provide detailed description of goods, services and works characteristics and identify performance requirements prepared when procuring goods, services and works. Transversal Contract Term contracts that are facilitated and arranged by National Treasury or Provincial Treasury for goods and services that are frequently required by Municipality. Terms of Reference The statement that define clearly the task directive (method- ology), objectives, goals and scope of the assignment and provide background information, prepared when procuring professional services. Institution Unit / Function in the organisation as the role player to the procedures. Division Includes the divisional section within the municipality. Firm Contract Price Contract prices provide for a fixed price which normally not subject to any adjustment. Non-Firm Contract Price Contracts prices that are subjected to changes if they are explicitly included in the agreement based on the economic pricing escalations. Abbreviations CRA Contract Registration Application CFO Chief Financial Officer MCMG Municipal Contract Management Guideline CPA Contract Price Adjustments BAC Bid Adjudication Committee GCC General Conditions of Contract GPG Gauteng Provincial Government GPT Gauteng Provincial Treasur...
TERMS AND DEFINITION. 1.1. «Agreement" - this Agreement on the provision of services for providing access to the software product, concluded on the terms specified below.
TERMS AND DEFINITION. Unless otherwise agreed by the parties hereto in writing, the following terms and definitions shall have the following meanings when used in this Agreement:
TERMS AND DEFINITION. The term “
