Standing Quotation definition
Examples of Standing Quotation in a sentence
I/We certify that this is a bona fide Standing Quotation, and that I/we have not fixed or adjusted the amount of the Standing Quotation by or under or in accordance with any agreement or arrangements with any other person.
Quotation Submission will not be accepted, except under very special circumstances, due to unforeseen circumstances e.g. act of God or a genuine mistake by a courier company (with proof of the Standing Quotation Submission being kept intact during transit before the closing date).
Each Seller is required to sign a Certificate of Non-Collusion in the relevant section under Schedule B to certify that its Standing Quotation Submission is bona fide.
The Seller is invited to supply any other information considered to be relevant to the evaluation of its Standing Quotation Submission.
The Authority shall have absolute discretion to accept late Standing Quotation Submission in circumstances which the Seller can demonstrate were beyond the Seller’s control.
Sellers are requested to indicate in the relevant section under Schedule B the discount they would allow on the Standing Quotation prices if payment for each Purchase Order is made in full within the specified period.
Where documents to be provided as part of the Standing Quotation Submission are in a language other than the English or Chinese language, a true, accurate and complete English or Chinese translation certified by the translator stating his/her relevant qualifications shall be provided with the original foreign-language document.
Without prejudice to the Authority's right to cancel the Invitation to Quote, where there are changes of requirements after the Closing Date, for operational or any other reasons, the Authority is not bound to accept any conforming Standing Quotation and reserves the right to cancel the Invitation to Quote.
Any Standing Quotation, once accepted by the Authority, will be valid through the Validity Period for the Buyer to order at the prices quoted in the Standing Quotation.
The exact commencement date will be specified in the Authority’s letter of acceptance of the Seller’s Standing Quotation.