Vitiation clause Clause Samples

A vitiation clause defines the circumstances under which a contract or specific provisions within it may be rendered void, invalid, or unenforceable. Typically, this clause addresses issues such as misrepresentation, fraud, illegality, or mistake, specifying that if such factors are present, the affected parts of the agreement will not have legal effect. By clearly outlining what can undermine the validity of the contract, the vitiation clause helps manage risk and ensures that parties are not bound by obligations that arise from fundamentally flawed agreements.
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Vitiation clause. (This clause shall be treated as an `Excepted matter’ in terms of Para 63 of the GCC) a.. Minimum technical eligibility criterion for open tenders costing more than Rs. 50 lakhs Sl. No . clause Description Criteria (i) Experience Should have completed in the last three financial years (i.e, current year and three previous financial years) At least one similar single work, for a minimum value of 35% of advertised tender value. (ii) Turn Over Total contract received during the last 3 financial years and in the current financial year. Should be a minimum of 150 % of advertised tender value. Tender should produce an attested certificate from the employer/client, audited balance sheet duly certified by the charted Accountant and/or attested certificate from the Central/ State Govt./ Public sector undertakings organization/ department from where the tenderer received the payment for the work done. Zonal Piece Work Contract - Execution of works and supply of materials as per SRUSSOR 2011 (including supply of cement & reinforcement steel) in ZONE A2 - Senior Section Engineer/P.Way/ Tiruvannamalai and Vellore sections in Tiruchchirappalli Division for the period from 01.07.2014 to 30.06.2015. Sanction No. and date : Revenue maintenance for year 2014-15 Name of Contractor: ▇▇▇.▇. Kumar. Tender Value ` 39,07,000/-
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Vitiation clause. During the course of execution of the work, if there is any variation in the executed quantities over the quantities as per the Agreement, the inter se position of the tenderer may get altered. Under such circumstances the successful bidder is bound to accept the lowest value to avoid vitiation of contract.
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Vitiation clause. In case of vitiation arising due to variation upto 25% in quantities with respect to the rates of the first three valid tenderers, the same will be to the contractor’s account.
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Vitiation clause. Since the rate quoted by L2 firm is lower than that of L1 firm for item no. 5, 8, 9 & 10 in the schedule of work vitiation clause applicable in this work contract.
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Related to Vitiation clause

  • TERMINATION CLAUSE Upon breach of the contract by the Developer, the City, by giving written notification, may terminate this contract immediately. A breach shall include, but not be limited to, failure to comply with any or all items contained within Section 1 through Section 30, Exhibits and/or provisions of any subsequent contractual amendments executed relative to this contract. In the event of a breach of contract, the Developer agrees to re-pay any HOME funds advanced under this agreement. The Developer further agrees to transfer ownership of any properties that are the subject of incomplete projects that have been funded under this agreement to the City, or as directed by the City, in order to facilitate project completion, as required under the HOME regulation.

  • Integration Clause Except for documents and instruments specifically referenced herein, this Agreement constitutes the entire agreement between Bank and Borrower regarding the Loan and all prior communications verbal or written between Borrower and Bank shall be of no further effect or evidentiary value.

  • DURATION CLAUSE 1. This Agreement shall be in full force and effect from May 1st, 2022 to and including April 30th, 2027 and shall continue from year to year thereafter unless written notice of desire to cancel or terminate the Agreement is served by wither party upon the other not less than sixty (60) and not more than ninety (90) days prior to April 30th, 2022 or April 30th of any subsequent year. 2. Where no such cancellation or termination notice is served and the parties desire to continue said Agreement, but also desire to negotiate changes or revisions in this Agreement, either party may serve upon the other a written notice not less than sixty (60) and not more than ninety (90) days prior to April 30th, 2022, or April 30th of any subsequent contract year, advising that such party desires to revise or change terms or conditions of such Agreement. The respective parties shall be permitted all legal or economic recourse to support their requests for revisions if the parties fail to agree thereon. Nothing herein shall preclude the parties from making revisions or changes in this Agreement, by mutual consent, at any time during its term.

  • RECOGNITION CLAUSE The Employer agrees to recognize the Union as the exclusive bargaining agent for all employees in the bargaining units as so certified by the Public Employment Relations Commission (PERC) for the purpose of establishing wages, hours and conditions of employment. If PERC certifies the Union as the exclusive representative during the term of this Agreement for a bargaining unit in general government, the terms of this Agreement apply.

  • WAIVER CLAUSE The parties acknowledge that during the negotiations which resulted in this Agreement, each had the unlimited right and opportunity to make demands and proposals with respect to any subject matter not removed by law from the area of collective bargaining, and that the understandings and agreements arrived at by the parties after the exercise of that right and opportunity are set forth in the Agreement. Therefore, the Employer and the Association, for the life of this Agreement, each voluntarily and unqualifiedly waives the right and each agrees that the other shall not be obligated to bargain collectively with respect to any subject or matter not specifically referred to or covered in this Agreement, even though such subjects or matters may not have been within the knowledge or contemplation of either or both of the parties at the time that they negotiated or signed this Agreement.