Pre-Bid Agreement definition
Examples of Pre-Bid Agreement in a sentence
This Agreement contains every obligation and understanding between the Parties relating to the subject matter hereof and merges all prior discussions, negotiations and agreements, if any, between them, except for the Pre-Bid Agreement between them dated May 24, 2000.
If a Work Release is signed before Contractor is awarded the Prime Contract by the Owner, then it shall constitute a Pre-Bid Agreement, which cannot be canceled by either Party, and upon award to Contractor, shall become a binding Agreement, subject to the terms of this Master Agreement including all termination and cancellation provisions herein.
If this agreement is signed before Contractor is awarded the Prime Contract by the Owner, then it shall constitute a Pre-Bid Agreement, which cannot be cancelled by either Party, and upon award to Contractor, shall become a binding Agreement.
It is therefore important for Canadian contractors/subcontractors to appreciate these differences and to ensure that some form of Pre-Bid Agreement is in place when they are approached for pricing.