comparative price definition

comparative price means the price after the factors of a non-firm price and all unconditional discounts that can be utilized have been taken into consideration;
comparative price means the price after the factors of a non-firm price and all unconditional
comparative price means the price after deduction or addition of non-firm price factors, unconditional discounts, etc.

More Definitions of comparative price

comparative price means the price after the factors of a non-firm price and all unconditional discounts that can be utilized have been taken into consideration; 2.7. “consortium or joint venture” means an association of persons for the purpose of combining their expertise, property, capital, efforts, skill andknowledge in an activity for the execution of a contract; 2.8. “contract” means the agreement that results from the acceptance of a bid by an organ of state; 2.9. “EME” means any enterprise with annual total revenue of R5 million or less; 2.10 “Firm price” means the price that is only subject to adjustments in accordance with the actual increase or decrease resulting from the change, imposition, or abolition of customs or excise duty and any other duty, levy, or tax, which, in terms of the law or regulation, is binding on the contractor and demonstrably has an influence on the price of any supplies, or the rendering costs of any service, for the execution ofthe contract; 2.11 “Functionality” means the measurement according to predetermined norms, as set out in the bid documents, of a service or commodity that is designed to be practical and useful, working or operating, taking into account, among otherfactors, the quality, reliability, viability and durability of a service and the technical capacity and ability of a bidder; 2.12 “non-firm prices” means all prices other than “firm” prices; 2.13 “person” includes a juristic person; 2.14 “rand value” means the total estimated value of a contract in SouthAfrican currency, calculated at the time of bid invitations, and includes all applicable taxes and excise duties; 2.15 “sub-contract” means the primary contractor’s assigning, leasing, making out work to, or employing, another person to support suchprimary contractor in the execution of part of a project in terms of the contract; 2.16 “total revenue” bears the same meaning assigned to this expression in the Codes of Good Practice on Black Economic Empowerment, issued in terms of section 9(1) of the Broad-Based Black Economic Empowerment Act and promulgated in theGovernment Gazette on 9 February 2007; 2.17 “trust” means the arrangement through which the property of one person is made over or bequeathed to a trustee to administer such property for the benefit of another person;and 2.18 “trustee” means any person, including the founder of a trust, to whom property is bequeathed in order for such property tobe administered for the benefit of another person. 3. ADJUDICATION USI...
comparative price. - means the price after deduction or addition of non-company price factors, unconditional discounts.
comparative price means the price after the factors of a non‐firm price and all unconditional discounts
comparative price means the price after deduction or addition of non-firm price factors, unconditional discounts, etc. Page 4 of 43
comparative price means the price after the factors of a non -firm price and all unconditional discounts that can be utilised have been taken into consideration;"Consortium or Joint Venture"means an association of persons for the purpose of combining their expertise, property, capital, efforts, skill and knowledge in an activity for the execution of a contract;"Contract"means the agreement that results from the acceptance of a bid by the Bitou Municipality;“designated sector” means a sector, sub-sector or industry that has been designated by the Department of Trade and Industry in line with national development and industrial policies for local production, where only locally produced services, works or goods or locally manufactured goods meet the stipulated minimum threshold for local production and content;"Firm price"is the price that is only subject to adjustments in accordance with the actual increase or decrease resulting from the change, imposition, or abolition of customs or excise duty and any other duty, levy, or tax, which, in terms of a law or regulation, is binding on the contractor and demonstrably has an influence on the price of any supplies, or the rendering costs of any service, for the execution of the contract;
comparative price means the price after the factors of non-firm prices against firm prices and all unconditional discounts were taken into consideration.
comparative price means the p rice after the factors of a non-firm price and all un conditional discounts that can be utilized have been taken into consideration;