Examples of LOC in a sentence
If an LOC or surety is used, the coverage must extend for at least 6 months beyond the contract expiration.
As guarantee of faithful performance, a cash bond, certificate of deposit, surety bond or irrevocable letter of credit (LOC) is required within 21 days of the sale award.
For all RFPs requiring shipment of any product or component, all products must be delivered FOB destination to any location within the geographic boundaries of the State with all transportation charges prepaid and included in the RFP proposal or LOC quotation.
The LOC Screen measures six defined Activities of Daily Living (ADL) and the need for supervision for behavioral or cognitive dysfunction.
Seller’s Proposals, as accepted by Purchaser, in response to the LOC and General RFP No. 3849.