Term tender definition
Term tender means a contract for goods, works and services for a longer term period which is rates based whereby a main supplier/contractor or standby suppliers/contractors, or both, are appointed;
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Related to Term tender
e-Tender means Bids / Quotation / Tender received from a Firm / Tenderer / Bidder online.
BID/Tender means the Techno Commercial and the Price Bid submitted by the Bidder along with all documents/credentials/attachments, formats, etc., in response to this Bid Document, in accordance with the terms and conditions hereof.
Mandatory Tender with respect to a Mandatory Tender Event, means the mandatory tender of all VRDP Shares by Holders for Remarketing, or, in the event (i) no Remarketing occurs on or before the Purchase Date or (ii) pursuant to an attempted Remarketing, VRDP Shares remain unsold and the Remarketing Agent does not purchase for its own account the unsold VRDP Shares tendered to the Tender and Paying Agent for Remarketing (provided, that the Remarketing Agent may seek to sell such VRDP Shares in a subsequent Remarketing prior to the Purchase Date), for purchase by the Liquidity Provider at the Purchase Price pursuant to Section 2 of Part II of the Articles Supplementary and the VRDP Shares Purchase Agreement.
Approved tenderer means the tenderer who is approved by the Employer.
Invitation to Tender or "ITT" means the Invitation to Tender issued by the Authority on 14/11/2012;